System Infrastructure Software - South Korea

South Korea

The South Korean System Infrastructure Software market is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$1.99bn in 2024.
Furthermore, it is anticipated that the market will experience an annual growth rate of 1.27% from 2024 to 2029, resulting in a market volume of US$2.12bn by the end of the forecast period.
When compared globally, it is noteworthy that United States is expected to generate the highest revenue in the System Infrastructure Software market, with a projected figure of US$80,080.00m in 2024.
This indicates the strong dominance of the United States in this market segment.
"South Korea is leading the way in the development and implementation of advanced system infrastructure software solutions in the software market."

Key regions: France, Australia, China, Japan, Canada

Market

Region

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Currency

Analyst Opinion

The System Infrastructure Software market in South Korea has been showing steady growth over the years.

Customer preferences: South Korean companies have been investing heavily in digital transformation, leading to an increased demand for system infrastructure software. The market is dominated by large enterprises, but small and medium-sized businesses are also starting to adopt these solutions. Cloud-based solutions are becoming increasingly popular due to their flexibility and scalability.

Trends in the market: One of the main trends in the South Korean System Infrastructure Software market is the adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies. These technologies are being integrated into system infrastructure software to improve performance and efficiency. Another trend is the increasing use of open-source software, which is more cost-effective and customizable than proprietary solutions.

Local special circumstances: South Korea has a highly developed IT infrastructure, with a high penetration rate of smartphones and high-speed internet. The government has also been promoting digital transformation through various initiatives and policies. However, the market is highly competitive, with many domestic and international players vying for market share.

Underlying macroeconomic factors: The South Korean economy has been growing steadily, driven by exports and domestic consumption. The government has been investing heavily in infrastructure, including IT infrastructure, to support economic growth. The country also has a highly educated workforce, with a strong emphasis on science and technology education. These factors have contributed to the growth of the System Infrastructure Software market in South Korea.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

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 is considered at a country-specific level.