South Korea Information Technology Report Q3 2014

Business Monitor International
August 13, 2014
76 Pages - SKU: BMI5314054
Countries covered: South Korea

BMI View: The South Korean IT market is forecast to grow at a CAGR of 7.5% 2014-2018 to reach a valueof KRW37.9trn in 2018. Growth rates will be lower than emerging markets in APAC, but considering theadvanced state of the South Korean market, these growth rates are robust, particularly in comparison toEU markets. One distinction is the relatively underdeveloped software and services segment in SouthKorea, which gives great potential for growth when considered in the context of government efforts topromote emerging technologies. Meanwhile, in the hardware market, demand will be supported by shortreplacement cycles and demand for the latest innovative devices such as tablets and hybrids.

Headline Expenditure Predictions

Computer Hardware Sales: KRW14.2trn in 2014 to KRW18.0trn in 2018; compound annual growthrate (CAGR) of +6.1% in local currency terms. Increasing tablet and hybrid notebook demand will makea positive contribution to value growth over the medium term.



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