South Korea Information Technology Report Q1 2015

Business Monitor International
January 21, 2015
87 Pages - SKU: BMI5446509
Countries covered: South Korea

South Korea Information Technology Report Q1 2015

BMI View: We downgraded our outlook for IT spending growth in South Korea in the Q1 2015 update toreflect a weakening of the economic outlook, but we still expect it to outperform the majority of developedmarkets 2015-2018with robust growth rates, particularly in comparison to EU markets. The South KoreanIT market is forecast to grow at a CAGR of 5.5% 2015-2018 to reach a value of KRW34trn in 2018. Onereason for a relatively bullish outlook is the relatively underdeveloped software and services segment inSouth Korea, which gives great potential for growth when considered in the context of government efforts topromote emerging technologies.

Headline Expenditure Predictions

Computer Hardware Sales: KRW13.2trn in 2014 to KRW13.4trn in 2015; growth of +1.5% in localcurrency terms. Diminished first-time buyer opportunities across the desktop, notebook and tabletmarkets mean hardware spending growth will underperform software and services.



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