
South Korea Big Data Market Report and Forecast 2025-2034
Description
The South Korea big data market size reached approximately USD 2.00 Billion in 2024. The market is estimated to grow at a CAGR of 9.80% in the forecast period of 2025-2034, reaching a value of around USD 5.09 Billion by 2034.
Key Trends in the Market
Big data refers to a large set of complex data that can be structured, unstructured, and semi-structured and is mined by organisations to gather valuable insights. These data sets are too large to be processed by traditional software and require the assistance of advanced algorithms and machine learning.
The EMR’s report titled “South Korea Big Data Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
Cloud-based deployment mode occupies a significant portion of the South Korea big data market share, owing to the rising storage of large volumes of data on cloud-based platforms. Several platforms such as Azure and Oracle offer tools and technologies required for processing big data. Cloud platforms also offer facilities such as competitive pricing, scalability of data storage, and data accessibility from any location.
Moreover, on-premise mode is expected to gain robust growth in the coming years, owing to its growing utilisation by enterprises which require increased control and security over their data.
Market Share by Industry Vertical
As per the South Korea big data market analysis, the BFSI sector accounts for a substantial share of the market due to the large volume of data generated by different modes of transactions. Growing focus on risk management further fuels the demand for big data mining in banks and other financial institutes.
Additionally, stringent data governance policies in BFSI institutions regarding data accessibility and security have surged the demand for big data platforms that provide efficient data solutions.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea big data market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Microsoft Corp.
Microsoft Corp., established in 1975, is a multinational technology company, with its headquarters in Washington, the United States. Some of its specialities include business software, developer tools, the Windows operating system, applications and tools, and cloud computing, among others. The company operates in 190 countries and boasts over 220,000 employees worldwide.
SAP SE
SAP SE is a multinational software developer, founded in 1972 and based in Walldorf, Germany. The company offers innovative technologies in blockchain, crypto finance, as well as quantum technologies to transform their business solutions. Some of its major business software includes SAP Analytics Cloud, SAP Business Explorer, SAP Business Intelligence, and SAP ERP, among others.
Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd., incorporated in 1969 and headquartered in Suwon, South Korea, is a global provider of high-tech electronics. Its product portfolio includes air conditioners, refrigerators, washing machines, laptops, and monitors, among others. The company is acclaimed as one of the pioneers in technology across the world.
Other South Korea big data market players include LG Corp. (LG CNS Co. Ltd.), Amazon Web Services, Inc., KT Corp., NAVER Cloud Corp., Saltlux Inc., 42Maru Inc, and Bespin Global Inc., among others.
Key Trends in the Market
Big data refers to a large set of complex data that can be structured, unstructured, and semi-structured and is mined by organisations to gather valuable insights. These data sets are too large to be processed by traditional software and require the assistance of advanced algorithms and machine learning.
- Growing usage of predictive analytics to make future predictions is one of the key South Korea big data market trends. Predictive analytics involves the analysis of current and historical data using statistics and modelling techniques to discover patterns.
- Data observability has become another crucial trend aiding the market growth as it facilitates the management and monitoring of big data in the system to ensure its quality and reliability.
- Increased integration of DataSecOps tools by several organisations to maintain data privacy, security, and governance of the ever-changing big data in the system also provides impetus to the South Korea big data market growth.
- There is a surge in the deployment of AI and machine learning technologies in big data systems as they consist of self-learning algorithms that can identify more accurate patterns on their own.
- Favourable government initiatives to strengthen technological innovations for economic development also contribute to the market expansion. For instance, in December 2023, the South Korean government announced a partnership with China and Japan in the advanced technology sectors of AI, big data, and blockchain.
The EMR’s report titled “South Korea Big Data Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
- Solution
- Services
- On-Premises
- Cloud
- Small and Medium Enterprises
- Large Enterprises
- Customer Analytics
- Operational Analytics
- Fraud Detection
- Compliance
- Data Warehouse Optimisation
- Others
- BFSI
- Telecom and IT
- Healthcare and Life Sciences
- Government and Defence
- Retail and Consumer Goods
- Media and Entertainment
- Others
Cloud-based deployment mode occupies a significant portion of the South Korea big data market share, owing to the rising storage of large volumes of data on cloud-based platforms. Several platforms such as Azure and Oracle offer tools and technologies required for processing big data. Cloud platforms also offer facilities such as competitive pricing, scalability of data storage, and data accessibility from any location.
Moreover, on-premise mode is expected to gain robust growth in the coming years, owing to its growing utilisation by enterprises which require increased control and security over their data.
Market Share by Industry Vertical
As per the South Korea big data market analysis, the BFSI sector accounts for a substantial share of the market due to the large volume of data generated by different modes of transactions. Growing focus on risk management further fuels the demand for big data mining in banks and other financial institutes.
Additionally, stringent data governance policies in BFSI institutions regarding data accessibility and security have surged the demand for big data platforms that provide efficient data solutions.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea big data market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Microsoft Corp.
Microsoft Corp., established in 1975, is a multinational technology company, with its headquarters in Washington, the United States. Some of its specialities include business software, developer tools, the Windows operating system, applications and tools, and cloud computing, among others. The company operates in 190 countries and boasts over 220,000 employees worldwide.
SAP SE
SAP SE is a multinational software developer, founded in 1972 and based in Walldorf, Germany. The company offers innovative technologies in blockchain, crypto finance, as well as quantum technologies to transform their business solutions. Some of its major business software includes SAP Analytics Cloud, SAP Business Explorer, SAP Business Intelligence, and SAP ERP, among others.
Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd., incorporated in 1969 and headquartered in Suwon, South Korea, is a global provider of high-tech electronics. Its product portfolio includes air conditioners, refrigerators, washing machines, laptops, and monitors, among others. The company is acclaimed as one of the pioneers in technology across the world.
Other South Korea big data market players include LG Corp. (LG CNS Co. Ltd.), Amazon Web Services, Inc., KT Corp., NAVER Cloud Corp., Saltlux Inc., 42Maru Inc, and Bespin Global Inc., among others.
Table of Contents
121 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Big Data Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Big Data Historical Market (2018-2024)
- 5.3 Asia Pacific Big Data Market Forecast (2025-2034)
- 5.4 Asia Pacific Big Data Market Breakup by Country
- 5.4.1 China
- 5.4.2 Japan
- 5.4.3 India
- 5.4.4 ASEAN
- 5.4.5 Australia
- 5.4.6 South Korea
- 5.4.7 Others
- 6 South Korea Big Data Market Overview
- 6.1 Key Industry Highlights
- 6.2 South Korea Big Data Historical Market (2018-2024)
- 6.3 South Korea Big Data Market Forecast (2025-2034)
- 7 South Korea Big Data Market by Component
- 7.1 Solution
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Services
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 South Korea Big Data Market by Deployment Mode
- 8.1 On-Premises
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Cloud
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 South Korea Big Data Market by Organisation Size
- 9.1 Small and Medium Enterprises
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Large Enterprises
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 South Korea Big Data Market by Application
- 10.1 Customer Analytics
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Operational Analytics
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Fraud Detection
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Compliance
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Data Warehouse Optimisation
- 10.5.1 Historical Trend (2018-2024)
- 10.5.2 Forecast Trend (2025-2034)
- 10.6 Others
- 11 South Korea Big Data Market by Industry Vertical
- 11.1 BFSI
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Telecom and IT
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 11.3 Healthcare and Life Sciences
- 11.3.1 Historical Trend (2018-2024)
- 11.3.2 Forecast Trend (2025-2034)
- 11.4 Government and Defence
- 11.4.1 Historical Trend (2018-2024)
- 11.4.2 Forecast Trend (2025-2034)
- 11.5 Retail and Consumer Goods
- 11.5.1 Historical Trend (2018-2024)
- 11.5.2 Forecast Trend (2025-2034)
- 11.6 Media and Entertainment
- 11.6.1 Historical Trend (2018-2024)
- 11.6.2 Forecast Trend (2025-2034)
- 11.7 Others
- 12 Market Dynamics
- 12.1 SWOT Analysis
- 12.1.1 Strengths
- 12.1.2 Weaknesses
- 12.1.3 Opportunities
- 12.1.4 Threats
- 12.2 Porter’s Five Forces Analysis
- 12.2.1 Supplier’s Power
- 12.2.2 Buyer’s Power
- 12.2.3 Threat of New Entrants
- 12.2.4 Degree of Rivalry
- 12.2.5 Threat of Substitutes
- 12.3 Key Indicators for Demand
- 12.4 Key Indicators for Price
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Microsoft Corp.
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 SAP SE
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Samsung Electronics Co., Ltd.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 LG Corp. (LG CNS Co. Ltd.)
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Amazon Web Services, Inc.
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 KT Corp.
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 NAVER Cloud Corp.
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Saltlux Inc.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 42Maru Inc.
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Bespin Global Inc.
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Others
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