Gaon Broadband Participates in Japan's Largest IT Exhibition... "Boosting Sales Expansion in the Japanese Market"

Gaon Broadband, a subsidiary of Gaon Group specializing in network solutions, announced on the 24th that it will participate in Japan's largest IT exhibition, 'Japan IT Week Autumn 2023,' held from the 25th to the 27th.

This exhibition serves as a business exchange platform involving a wide range of IT industries such as networks, artificial intelligence (AI), Internet of Things (IoT), and robotics. Gaon Broadband plans to showcase next-generation network solutions including 5G Fixed Wireless Access (FWA) equipment and WiFi 7 devices, aiming to expand its client base.

A company representative stated, "Japan is known as a market with high entry barriers for foreign companies, but we have already secured major telecommunications operators as clients and are steadily establishing a stable business foundation. Through this exhibition, we intend to explore additional business opportunities and continuously strengthen our network in the Japanese market."

Gaon Broadband successfully entered the market shortly after its launch by signing supply contracts for network devices and cloud-based remote network management solutions with major Japanese telecommunications operators. The sales of its local subsidiary, the Japan corporation, have grown at an average annual rate of 300%, increasing from 3.4 billion KRW in 2020 to 54.3 billion KRW in 2022.

According to KOTRA, the Japanese wireless communication network market is expected to continue growing until 2026. The government is focusing on building internet infrastructure with the goal of establishing a "Digital Power City Nation," which is driving increased demand for solutions related to communication network construction such as 5G. This is why it is considered an opportune time to target the Japanese market.

In particular, the Communications and Information Network Association of Japan (CIAJ) forecasts that the total demand for internet-related communication equipment will increase by 13.3%, from approximately 299.7 billion yen (about 2.7092 trillion KRW) in 2021 to approximately 339.5 billion yen (about 3.069 trillion KRW) in 2027.

Meanwhile, Gaon Group, along with its major subsidiaries Gaon Broadband and KFutureTech, continues active sales activities by participating in major IT exhibitions in Europe and North America, including the world's largest broadcasting industry exhibition, 'IBC 2023.'

This content was produced with the assistance of AI translation services.