South Korea Enterprise ICT Market Analysis and Future Outlook by Segments (Hardware, Software and IT Services)

South Korea Enterprise ICT Market Analysis and Future Outlook by Segments (Hardware, Software and IT Services)

Summary

South Korea Enterprise ICT Market Analysis and Future Outlook by Segments (Hardware, Software and IT Services) series provides an executive-level overview of the enterprise ICT revenue opportunity in South Korea, with detailed forecasts of key indicators up to 2026. The report provides detailed analysis of country’s overall enterprise ICT revenue opportunity market and its growth drivers, market trends and challenges. The report includes key macroeconomic indicators and provides an in-depth coverage of regulatory trends and government initiatives influencing the overall ICT landscape within South Korea. It sheds focus on enterprise ICT revenue opportunity within South Korea by solution areas and their sub-segmental analysis as well as ICT revenue opportunity across 18 industry verticals and 5 enterprise size band categories. The report also gives an indication of ICT revenue opportunities in South Korea covering 18 ICT product/services and more than 100 categories over the forecast period 2021-2026.

The country intelligence provides information and insights into ICT revenue opportunity by enterprises in South Korea -

• Overall enterprise ICT revenue opportunity for South Korea
• Macroeconomic and regulatory context and government inititiaves
• nsights on South Korea's enterprise ICT revenue opportunity growth drivers, market trends and challenges
• Breakdown of enterprise ICT revenue opportunity by solution areas, end-use verticals and enterprise size band
• Segmental analysis of South Korea's enterprise ICT revenue opportunity - hardware, software and services
• South Korea's technology theme exposure by signal and by time
• Company snapshot

• South Korea's ICT market revenue is expected to increase at a CAGR of 6.7% over 2021-2026, mainly due to expansion facilitated by the South Korean government's continued efforts to enhance technological adoption and advance the country's digital transformation goal.
There will be many opportunities for ICT vendors and service providers as a result of investments made by businesses across all industries in digital transformation, including spending on the adoption of AI, IoT, cloud, and cybersecurity.
• South Korea's overall ICT market revenue is expected to increase from $60.1 billion in 2021 to $83.3 billion by 2026 at 6.7% CAGR over 2021-2026 mainly due to the government’s policies and strategies to encourage technology adoption.
• According to GlobalData, South Korea ICT market would see majority share of its revenue come from the IT services segment over the forecast period. Revenue from IT services reached $30.8 billion in 2021 and is set to grow up to $42.3 billion in 2026 at a CAGR of 6.6%.
• nternet of Things is the dominant IT solutions category in terms of overall revenue opportunity in 2021 ($17.1 billion), its projected to grow up to $24.7 billion by 2026.
• Manufacturing is the largest independent end-use vertical segment for ICT in South Korea, in terms of revenue contribution, and will remain so over the forecast period. ICT revenue from manufacturing sector reached $8.8 billion in 2021 and will grow up to $12.1 billion in 2026 at a CAGR of 6.6%.

• This Country Intelligence Report offers a thorough, forward-looking analysis of South Korea's enterprise ICT revenue opportunity market in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in South Korea's enterprise ICT market.
• The report also presents an analysis of enterprise ICT revenue opportunity by various solution areas, enterprise size band, end-use verticals, and segment over the forecast period 2021-2026.
• With more than 50 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides an easily digestible market assessment for decision makers built around in-depth research, which enables executives to quickly get up to speed with the current and emerging trends in South Korea's Enterprise ICT Revenue Opportunity.