IT Services in South Korea
Summary
IT Services in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The IT services market involves the design, development, implementation, management, and support of information technology systems and applications for organizations. Market values include revenues generated from (a) signed deals that remain under contract and (b) new contracts signed within that calendar year.
- The South Korean IT services industry registered revenues of $22.4 billion in 2023, representing a compound annual growth rate (CAGR) of 6.5% between 2018 and 2023.
- The infrastructure services segment accounted for the industry's largest proportion in 2023, with total revenues of $13.4 billion, equivalent to 60.1% of the industry's overall value.
- South Korea captured a share of 4.3% of the Asia-Pacific IT services industry, in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the it services market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the it services market in South Korea
- Leading company profiles reveal details of key it services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea it services market with five year forecasts
- What was the size of the South Korea it services market by value in 2023?
- What will be the size of the South Korea it services market in 2028?
- What factors are affecting the strength of competition in the South Korea it services market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's it services market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading player?
- 7.4. What are the most recent developments in the market?
- 8 Company Profiles
- 8.1. International Business Machines Corporation
- 8.2. Fujitsu Limited
- 8.3. Samsung SDS Co Ltd
- 8.4. Hewlett Packard Enterprise Company
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea IT services industry value: $ billion, 2018-23
- Table 2: South Korea IT services industry category segmentation: % share, by value, 2018-2023
- Table 3: South Korea IT services industry category segmentation: $ billion, 2018-2023
- Table 4: South Korea IT services industry geography segmentation: $ billion, 2023
- Table 5: South Korea IT services industry value forecast: $ billion, 2023-28
- Table 6: International Business Machines Corporation: key facts
- Table 7: International Business Machines Corporation: Annual Financial Ratios
- Table 8: International Business Machines Corporation: Key Employees
- Table 9: International Business Machines Corporation: Key Employees Continued
- Table 10: Fujitsu Limited: key facts
- Table 11: Fujitsu Limited: Annual Financial Ratios
- Table 12: Fujitsu Limited: Key Employees
- Table 13: Fujitsu Limited: Key Employees Continued
- Table 14: Samsung SDS Co Ltd: key facts
- Table 15: Samsung SDS Co Ltd: Annual Financial Ratios
- Table 16: Samsung SDS Co Ltd: Key Employees
- Table 17: Samsung SDS Co Ltd: Key Employees Continued
- Table 18: Hewlett Packard Enterprise Company: key facts
- Table 19: Hewlett Packard Enterprise Company: Annual Financial Ratios
- Table 20: Hewlett Packard Enterprise Company: Key Employees
- Table 21: Hewlett Packard Enterprise Company: Key Employees Continued
- Table 22: South Korea size of population (million), 2019-23
- Table 23: South Korea gdp (constant 2005 prices, $ billion), 2019-23
- Table 24: South Korea gdp (current prices, $ billion), 2019-23
- Table 25: South Korea inflation, 2019-23
- Table 26: South Korea consumer price index (absolute), 2019-23
- Table 27: South Korea exchange rate, 2019-23
- List of Figures
- Figure 1: South Korea IT services industry value: $ billion, 2018-23
- Figure 2: South Korea IT services industry category segmentation: $ billion, 2018-2023
- Figure 3: South Korea IT services industry geography segmentation: % share, by value, 2023
- Figure 4: South Korea IT services industry value forecast: $ billion, 2023-28
- Figure 5: Forces driving competition in the IT services industry in South Korea, 2023
- Figure 6: Drivers of buyer power in the IT services industry in South Korea, 2023
- Figure 7: Drivers of supplier power in the IT services industry in South Korea, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the IT services industry in South Korea, 2023
- Figure 9: Factors influencing the threat of substitutes in the IT services industry in South Korea, 2023
- Figure 10: Drivers of degree of rivalry in the IT services industry in South Korea, 2023
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