South Korea Enterprise ICT Investment Trends and Future Outlook by Segments Hardware, Software, IT Services and Network and Communications

South Korea Enterprise ICT Investment Trends and Future Outlook by Segments Hardware, Software, IT Services and Network and Communications

Summary

South Korea Enterprise ICT Investment Trends and Future Outlook by Segments Hardware, Software, IT Services and Network and Communications summarizes key findings from the GlobalData’s ICT customer insight survey carried out in H1-2022. It reveals how the overall ICT budgets and their allocations towards various business functions and spending areas, have changed for enterprises in the country in 2022 when compared to 2021. The report also discusses the change in ICT budget allocations for digital transformation enabling technologies like artificial intelligence (AI), internet of things (IoT), automation and edge computing among enterprises in 2022 as compared to 2021. It sheds focus on the change in ICT budget allocations across 30 IT hardware, software, and service categories. The report also gives an indication of ICT opportunities in South Korea with forward-looking insights on enterprise spending priorities for over 100 ICT product and service sub-categories over next two years.

The survey report provides information and insights into ICT spending by enterprises in South Korea -

• Insights of its ICT budget allocation by business function and key spending areas
• Enterprise ICT budget allocations by type of ICT project
• Breakdown of enterprise budget allocation change by digital transformation areas
• Segment ICT budget allocation trends
• Insights on ICT technology spending priorities of enterprises in South Korea
• Enterprise cloud computing investment priority

• According to GlobalData’s survey, most survey respondents from South Korea confirm that there have been slight increases (1% to 6%) in their enterprises’ ICT budgets.
• Enterprises’ ICT budgets in total have increased for both maintaining existing ICT infrastructure and for new IT projects in 2022 over 2021.
• Enterprises’ ICT software budget allocations have increased in total across the categories in 2022; however, for communication and collaboration software, the majority of enterprises have seen software budget remain unchanged compared with 2021.
• Cellular: private mobile network services (LTE/5G) is likely to be the most prominent IoT connectivity technology investment area in the next two years.

• The report is based on GlobalData’s IT Customer Insight Survey carried out annually covering key ICT decision makers from enterprises across various industry verticals to understand their ICT investment priorities and trends.
• This survey report offers a thorough, forward-looking analysis of Enterprise ICT Investment Trends and key ICT opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s IT Customer Insight Survey, the report examines the ongoing and upcoming trends in enterprise IT spending within South Korea.
• With more than 50 charts, 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 research gathered from the local IT decision makers, which enables executives to quickly get up to speed with the current and emerging trends in South Korea Enterprise ICT Spending.