South Korea Information Technology Report Q2 2014
We have a positive outlook for the development of the South Korean IT market during 2014 to 2018. We forecast market value will increase at a CAGR of 7.3% over the forecast period to 2018 to reach a value of KRW31.3trn in 2018. Growth rates will be lower than emerging markets in APAC, but considering the advanced state of the South Korean market, these growth rates are robust. Our positive outlook is based on the continued strength of the hardware market, where demand is supported by short replacement cycles and demand for the latest innovative devices such as tablets and hybrids. Meanwhile, we also expect South Korea to strengthen its position as a leading enterprise IT market through the adoption of cloud computing services and emerging technologies such as machine-to-machine (or smart) infrastructure, and big data analytics.