IT Services in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The IT services industry is valued as the combination of the business process outsourcing (BPO) services market, the application services market and the infrastructure services market. Values include revenues generated from (a) signed deals that remain under contract and (b) new contracts signed within that particular calendar year.
- The South Korean IT services industry had total revenues of $19.0 billion in 2022, representing a compound annual growth rate (CAGR) of 9.4% between 2017 and 2022.
- The infrastructure services segment accounted for the industry's largest proportion in 2022, with total revenues of $10.5 billion, equivalent to 55.1% of the industry's overall value.
- The South Korean IT services industry has expanded recently owing to several factors, such as a growing economy, increasing GDP, increasing FDI, and a highly skilled labor population. According to the International Institute for Management Development's (IMD) latest rankings, South Korea ranked 8th in terms of digital technology competitiveness.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the it services market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the it services market in South Korea
- Leading company profiles reveal details of key it services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea it services market with five year forecasts
Reasons to Buy
- What was the size of the South Korea it services market by value in 2022?
- What will be the size of the South Korea it services market in 2027?
- What factors are affecting the strength of competition in the South Korea it services market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's it services market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- International Business Machines Corporation
- Fujitsu Limited
- Samsung SDS Co Ltd
- Hewlett Packard Enterprise Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 52 |
| Published | March 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 19.02 Billion |
| Forecasted Market Value ( USD | $ 25.2 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | South Korea |
