South Korea Information Technology Report Q4 2014

Business Monitor International
October 22, 2014
78 Pages - SKU: BMI5361571
Countries covered: South Korea

South Korea Information Technology Report Q4 2014

BMI View: We expect spending growth in the South Korean IT market will be considerably lower thanemerging markets in APAC, but considering the advanced state of the South Korean market, these growthrates are robust, particularly in comparison to EU markets. The South Korean IT market is forecast to growat a CAGR of 7.5% 2014-2018 to reach a value of KRW37.9trn in 2018. One reason for a relatively bullishoutlook is the relatively underdeveloped software and services segment in South Korea, which gives greatpotential for growth when considered in the context of government efforts to promote emergingtechnologies. Meanwhile, in the hardware market, demand will be supported by short replacement cyclesand demand for the latest innovative devices such as tablets and hybrids.

Headline Expenditure Predictions

Computer Hardware Sales: KRW14.0trn in 2014 to KRW17.6trn in 2018; compound annual growthrate (CAGR) of +5.8% 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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