South Korea Information Technology Report Q2 2016

South Korea Information Technology Report Q2 2016

BMI View: South Korea is an advanced IT market supported by high-value households and enterprises, as well as a broad ecosystem of ICT vendors and a conducive policy environment. IT spending growth slowed in 2015 as economic uncertainty resulted in weaker sentiment, but we expect a stronger medium term trajectory. IT sector developments will be important, with cloud computing and Internet of Things solutions expected to be an area of outperformance. We forecast a CAGR of 5.1% over 2016-2020.

Latest Updates Latest Updates & Industry Developments Industry Developments

Computer Hardware Sales: KRW11.4trn in 2016 to KRW13.2trn in 2020, a compound annual growth rate (CAGR) of 3.8%. After contraction over 2013-2015, we believe a stronger consumer, ageing PC installed base and popularity of hybrid notebooks will return the market to growth over the medium term.

Software Sales: KRW6.4trn in 2016 to KRW8.1trn in 2020, a CAGR of 6.0%. Data analytics applications marked for outperformance, while SaaS should also deepen the underpenetrated small- and medium-sized enterprise application market.

IT Services Sales: KRW8.8trn in 2016 to KRW11.1trn in 2020, a CAGR of 6.2%. South Korea has a supportive policy environment, high quality network infrastructure and ecosystem of vendors that we believe will result in it being a regional leader for Internet of Things solution adoption.

BMI Industry View
Industry Forecast
Latest Updates
Structural Trends
Table: Enterprise Trends - GVA By Vertical (South Korea 2015-2020)
Table: IT Industry - Historical Data And Forecasts (South Korea 2013-2020)
Industry Risk Reward Index
Table: IT RRI Score Breakdown By Region
Table: Asia Pacific IT Risk/Reward Index - Q2 2016
Market Overview
Cloud Computing
IT Services
Industry Trends And Developments
Regulatory Development
Table: Regulatory Authorities
Table: Major Cyberattacks And Information Leaks
Competitive Landscape
Global Companies
Table: Hewlett-Packard (HP)
Local Companies
Table: AhnLab
Table: Infraware Inc
Table: Penta Security Systems
Table: SK Hynix
Table: TmaxSoft
Regional Overview
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (South Korea 1990-2025)
Table: Key Population Ratios (South Korea 1990-2025)
Table: Urban/Rural Population & Life Expectancy (South Korea 1990-2025)
Table: Population By Age Group (South Korea 1990-2025)
Table: Population By Age Group % (South Korea 1990-2025)
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: IT Risk/Reward Index Indicators
Table: Weighting Of Components

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