Web Hosting - South Korea | Statista Market Forecast

The Web Hosting market in South Korea is expected to witness a significant growth in revenue, reaching US$4.45bn by 2025.
This projection indicates a promising future for the industry.
Furthermore, the market is anticipated to display a compound annual growth rate (CAGR) of 16.45% from 2025 to 2029, resulting in a substantial market volume of US$8.18bn by the end of the forecast period.
An interesting aspect of the Web Hosting market in South Korea is the average Spend per Employee, which is projected to reach US$147.38 in 2025.
This figure highlights the level of investment and expenditure within the industry, demonstrating the potential for growth and development.
In a global comparison, it is worth noting that United States is expected to generate the highest revenue in the Web Hosting market, with a projected value of US$69.68bn in 2025.
This demonstrates the dominance of the United States in the global market and the significance of its contribution to the overall industry revenue.
These figures indicate a positive outlook for the Web Hosting market in South Korea, with substantial revenue growth and potential for further expansion.
As the industry continues to evolve, it will be interesting to observe how South Korea's market position develops and whether it can compete on a global scale.
South Korea's web hosting market is thriving, driven by the country's advanced technology infrastructure and high internet penetration rate.

Definition :
The Web Hosting market includes all types of internet hosting services that allow companies or individuals to provide access to their web page via the World Wide Web. Services such as shared hosting, dedicated hosting, virtual private server hosting, and internet connectivity are provided on a server that is owned or leased by the client. Web hosts can also provide physical space that the server occupies and manages, which is also referred to as colocation hosting. Other managed services such as managed infrastructures and managed data centers are excluded from this analysis.

Additional Information:

The Web Hosting market comprises revenues, revenue change, average spend per employee, and a list of the key players in the market and their consolidated revenues. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include Amazon Web Services, Google, and GoDaddy.

For more information on the data displayed, use the info button right next to the boxes.

Shared hosting, such as HostGator, GoDaddy, and DreamHost
Dedicated hosting, such as SiteGround, InMotion Hosting, and Hostwinds
Virtual private server hosting, such as Liquid Web and OVHcloud
Colocation hosting, such as Equinix, Cologix, and Digital Realty

Website development, such as Squarespace, Wordpress, and Shopify
Search engine optimization, such as Searchmetrics, BrightEdge, and HubSpot
Content creation, such as ClearVoice, Upwork, and Contently

IT Outsourcing: market data & analysis

South Korea, also known as the Republic of Korea, is a country located in East Asia with a population of over 51 million people. The country is known for its advanced technology and fast internet speeds, making it an attractive market for web hosting providers.

Customer preferences: South Korean customers tend to prioritize reliability and security when it comes to choosing a web hosting provider. They also prefer providers that offer local customer support in their native language. Additionally, many South Korean businesses prefer to use cloud hosting services to store and manage their data.

Trends in the market: One major trend in the South Korean web hosting market is the increasing demand for cloud hosting services. As more businesses move their operations online, they require scalable and flexible hosting solutions that can accommodate their growing needs. Another trend is the rise of managed hosting services, which offer businesses the convenience of having their hosting environment managed by a third-party provider.

Local special circumstances: South Korea has a highly developed IT infrastructure, with one of the fastest internet speeds in the world. This has led to a high level of internet penetration in the country, with over 90% of the population having access to the internet. Additionally, South Korea has a large and growing e-commerce market, with many businesses relying on web hosting services to support their online operations.

Underlying macroeconomic factors: South Korea is the world's eleventh-largest economy and is known for its highly skilled workforce and advanced technology sector. The country has a strong focus on innovation and technology, which has contributed to the growth of the web hosting market. Additionally, the South Korean government has implemented policies to support the growth of the IT industry, which has further fueled the demand for web hosting services.

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Unseen yet omnipresent, Information Technology (IT) services are the invisible gears driving modern organizations. These services support business operations and digital transformation through outsourcing, managed services, security, data management, and cloud computing. By leveraging these services, companies enhance efficiency, reduce costs, and gain competitive advantages in a digital marketplace. Prominent cloud providers worldwide include Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba Cloud. In the managed services sector, Oracle, Accenture, and IBM are among the largest providers globally.

Web Hosting - South Korea

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