NEC Corporation Strengths, Domain Expertise, and Key Differentiators
NEC Corporation is a Japanese multinational information technology and electronics corporation, headquartered in Minato, Tokyo. The company was known as the Nippon Electric Company, Limited, before rebranding in 1983 as NEC. It provides IT and network solutions, including cloud computing, AI, IoT platform, and telecommunications equipment and software, to business enterprises, communications services providers and to government agencies, and has also been the biggest PC vendor in Japan since the 1980s, when it launched the PC-8000 series.
NEC Corporation Recent Developments
In September 2021, NEC Corporation has expanded its collaboration with Amazon Web Services, Inc. (AWS) in areas that include global 5G and the digital government in support of accelerating digital transformation for customers. br> In November 2020, NEC and AWS concluded a corporate-level strategic collaboration agreement, and have been developing offerings and strengthening delivery capabilities since then. br> In July 2020, NEC Corporation launched a collaboration software as a service (SaaS) platform, the Obbligato/Collaboration Platform in China, offering easy and secure document management and sharing as part of the Obbligato series of Product Lifecycle Management (PLM) software.
NEC Corporation Mergers and Acquisitions (M&A) Activities
The NEC Group has completed acquisitions and other business combinations and reorganizations in order to expand its business and strengthen its competitiveness. For example, the NEC Group acquired Northgate Public Services Limited in the United Kingdom in January 2018, KMD Holding ApS in Denmark in February 2019, and Avaloq Group AG in December 2020.
NEC Corporation Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying NEC Corporation applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of NEC Corporation and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified NEC NetCracker, NEC FlexProcess, NEC Obbligato, NEC MasterScope customers.
NEC Corporation Overview
Ownership: - TYO : 6701
Number of Employees: 114714
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K15, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
NEC Corporation Key Enterprise and Cloud Applications
NEC NetCracker, NEC FlexProcess, NEC Obbligato, NEC MasterScope
NEC Corporation Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
NEC Corporation Revenue Breakdown By Type, $M:
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NEC Corporation Enterprise Applications Revenues By Functional Markets, $M:
NEC Corporation Enterprise Applications Revenues By Verticals, $M:
NEC Corporation Revenues By Region, $M
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NEC Corporation Direct vs Indirect sales
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NEC Corporation Customers - Breakdown by Geo, Size, Vertical and Product
No. of NEC Corporation Customers: x
No. of NEC Corporation Enterprise Applications Customers: x
No. of NEC Corporation Cloud Customers: x
No. of NEC Corporation Cloud Subscribers: x
NEC's solutions and services have been implemented and used successfully by thousands of customers worldwide, including Fortune 1000 companies.
NEC Corporation Market Opportunities, M&A and Geo Expansions
As for the "Achievement of growth," the NEC Group has been promoting the integration of business operations of Northgate Public Services Limited and KMD Holding ApS into the NEC Group, which were acquired after 2018, and further acquisitions by both companies have strengthened the NEC Group’s global digital government business. Furthermore, in December 2020, the NEC Group entered the digital finance field globally through the acquisition of Avaloq Group AG, a major Swiss financial software company.
NEC Corporation Risks and Challenges
The NEC Group’s business is dependent, to a significant extent, on the Japanese market. The NEC Group's consolidated revenue to customers in Japan accounted for 76.5% of its total revenue in the fiscal year ended March 31, 2021.
The markets for the products and services that the NEC Group offers are characterized by rapidly changing technology, evolving technical standards, changes in customer preferences, and the frequent introduction of new products and services. The development and commercialization of new technologies and the introduction of new products and services will often make existing products and services obsolete or unmarketable. The NEC Group’s competitiveness in the future will depend at least in part on its ability to: ● Keep pace with rapid technological developments and maintain technological leadership, primarily in the fields of AI, IoT, biometrics and cybersecurity technology; ● Enhance existing products and services; ● Develop and manufacture innovative products that meet customers’ needs in a timely and cost-effective manner; ● Utilize or adjust to new products, services, and technologies;
NEC Corporation Ecosystem, Partners, Resellers and SI
The NEC Group has entered into a number of long-term strategic alliances with leading industry participants, both to develop new technologies and products and to manufacture existing and new products. In June 2020, NEC agreed with Rakuten Mobile, Inc. to jointly develop a fully virtualized standalone 5G core network. Furthermore, NEC, in the same month, agreed with Nippon Telegraph and Telephone Corporation ("NTT Corporation") on a capital and business alliance aimed at joint research, development and global expansion of 5G and various ICT products.
In August 2020, Netcracker Technology and Juniper Networks launched a joint solution that facilitates the end-to-end management of LAN/WLAN/WAN networks with automated service provisioning and workflows, AI-driven insight and full lifecycle management from client to cloud.
NEC Corporation Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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