South Korea Cloud Computing Market

Market Overview:

The South Korea cloud computing market witnessed strong double-digit growth during 2014-2019. Cloud computing refers to the on-demand delivery of computing services primarily over the internet or on a payment basis. It mainly offers three types of cloud services, including Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). Cloud computing is widely adopted by the organizations for application development and testing, resource management, data storage and backup, orchestration services, etc. As a result, it finds numerous applications across diverse sectors, including IT and telecom, healthcare, BFSI, manufacturing, retail, media and entertainment, etc.

In South Korea, the rising upgradations of existing data centers with cloud computing solutions based on low infrastructure setup costs and on-demand availability of computing services, are primarily driving the market growth. Furthermore, the widespread adoption of cloud services in the e-commerce sector for providing significant data access to enhance customer experiences is also propelling the market. Several e-commerce companies in the country are getting inclined towards cloud computing services for optimizing delivery period by anticipating demand spikes, automating warehouse logistics, and calculating the fastest routes. In South Korea, numerous relaxations in the legacy restrictions on the adoption of cloud computing solutions in the financial sector are also augmenting the market growth. The expanding BFSI industry in the country has led to the increasing deployment of cloud-based services for secured payment gateways, efficient storage of customer data, round-the-clock uptime, digitalization of trade and wealth, etc. Apart from this, the increasing penetration of automated manufacturing and logistics systems is also augmenting the demand for cloud services pertaining to supply chain management, planning enterprise resources, real-time monitoring, and storing a large amount of production-related data. Furthermore, the increasing investments by the South Korea government for promoting the development of numerous technologies, such as 5G, AI, IoT, machine learning, Big Data, etc., in the country are further propelling the market growth. Additionally, the emergence of hybrid cloud computing in the IT sector to manage the influx of data-intensive workloads and large-scale execution of workflows is expected to drive the market for cloud computing in South Korea.

The sudden outbreak of the COVID-19 pandemic, in early 2020, has augmented the demand for cloud computing services in South Korea. Several IT-based organizations have adopted the work-from-home model, thereby increasing the demand for Software-as-a-Service (SaaS)-based collaboration solutions. Furthermore, the rising consumer influx on Video-on-Demand (VoD) platforms, such as Netflix, Hulu, YouTube, Amazon Prime Video, etc., during the nationwide lockdown, is also driving the need for IaaS services. Looking forward, IMARC Group expects the South Korea cloud computing market to continue its strong growth during the next five years.  

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the South Korea cloud computing market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, service, workload, deployment mode, organization size and vertical.

Breakup by Service:

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)
   

Breakup by Workload:

• Application Development and Testing
• Analytics and Reporting
• Data Storage and Backup
• Integration and Orchestration
• Resource Management
• Others
   

Breakup by Deployment Mode:

• Public
• Private
• Hybrid
   

Breakup by Organization Size:

• Large Enterprise
• Small and Medium Enterprise
   

Breakup by Vertical:

• BFSI
• IT and Telecom
• Retail and Consumer Goods
• Energy and Utilities
• Healthcare
• Media and Entertainment
• Government and Public Sector
• Others
   

Breakup by Region:

• East
• West
• Southwest
• Southeast
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

• How has the South Korea cloud computing market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the South Korea cloud computing market?
• What are the key regional markets?
• What is the breakup of the market based on the service?
• What is the breakup of the market based on the workload?
• What is the breakup of the market based on the deployment mode?
• What is the breakup of the market based on the organization size?
• What is the breakup of the market based on the vertical?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the South Korea cloud computing market and who are the key players?
• What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    South Korea Cloud Computing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Service
    6.1    Infrastructure as a Service (IaaS)
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Platform as a Service (PaaS)
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Software as a Service (SaaS)
        6.3.1    Market Trends
        6.3.2    Market Forecast
7    Market Breakup by Workload
    7.1    Application Development and Testing
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Analytics and Reporting
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Data Storage and Backup
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Integration and Orchestration
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Resource Management
        7.5.1    Market Trends
        7.5.2    Market Forecast
    7.6    Others
        7.6.1    Market Trends
        7.6.2    Market Forecast
8    Market Breakup by Deployment Mode
    8.1    Public
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Private
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Hybrid
        8.3.1    Market Trends
        8.3.2    Market Forecast
9    Market Breakup by Organization Size
    9.1    Large Enterprise
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Small and Medium Enterprise
        9.2.1    Market Trends
        9.2.2    Market Forecast
10    Market Breakup by Vertical
    10.1    BFSI
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    IT and Telecom
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Retail and Consumer Goods
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Energy and Utilities
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Healthcare
        10.5.1    Market Trends
        10.5.2    Market Forecast
    10.6    Media and Entertainment
        10.6.1    Market Trends
        10.6.2    Market Forecast
    10.7    Government and Public Sector
        10.7.1    Market Trends
        10.7.2    Market Forecast
    10.8    Others
        10.8.1    Market Trends
        10.8.2    Market Forecast
11    Market Breakup by Region
    11.1    East
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2    West 
        11.2.1 Market Trends
        11.2.2 Market Forecast
    11.3    Southwest 
        11.3.1 Market Trends
        11.3.2 Market Forecast
    11.4    Southeast 
        11.4.1 Market Trends
        11.4.2 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Policy and Regulatory Landscape
17    Competitive Landscape
    17.1    Market Structure
    17.2    Key Players
    17.3    Profiles of Key Players

List of Figures

Figure 1: South Korea: Cloud Computing Market: Major Drivers and Challenges
Figure 2: South Korea: Cloud Computing Market: Sales Value (in Million US$), 2014-2019
Figure 3: South Korea: Cloud Computing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 4: South Korea: Cloud Computing Market: Breakup by Service (in %), 2019
Figure 5: South Korea: Cloud Computing Market: Breakup by Workload (in %), 2019
Figure 6: South Korea: Cloud Computing Market: Breakup by Deployment Mode (in %), 2019
Figure 7: South Korea: Cloud Computing Market: Breakup by Organization Size (in %), 2019
Figure 8: South Korea: Cloud Computing Market: Breakup by Vertical (in %), 2019
Figure 9: South Korea: Cloud Computing Market: Breakup by Region (in %), 2019
Figure 10: South Korea: Cloud Computing (Infrastructure as a Service) Market: Sales Value (in Million US$), 2014 - 2019
Figure 11: South Korea: Cloud Computing (Infrastructure as a Service) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: South Korea: Cloud Computing (Platform as a Service) Market: Sales Value (in Million US$), 2014 - 2019
Figure 13: South Korea: Cloud Computing (Platform as a Service) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: South Korea: Cloud Computing (Software as a Service) Market: Sales Value (in Million US$), 2014 - 2019
Figure 15: South Korea: Cloud Computing (Software as a Service) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: South Korea: Cloud Computing (Application Development and Testing) Market: Sales Value (in Million US$), 2014 - 2019
Figure 17: South Korea: Cloud Computing (Application Development and Testing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: South Korea: Cloud Computing (Analytics and Reporting) Market: Sales Value (in Million US$), 2014 - 2019
Figure 19: South Korea: Cloud Computing (Analytics and Reporting) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: South Korea: Cloud Computing (Data Storage and Backup) Market: Sales Value (in Million US$), 2014 - 2019
Figure 21: South Korea: Cloud Computing (Data Storage and Backup) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: South Korea: Cloud Computing (Integration and Orchestration) Market: Sales Value (in Million US$), 2014 - 2019
Figure 23: South Korea: Cloud Computing (Integration and Orchestration) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: South Korea: Cloud Computing (Resource Management) Market: Sales Value (in Million US$), 2014 - 2019
Figure 25: South Korea: Cloud Computing (Resource Management) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: South Korea: Cloud Computing (Other Workloads) Market: Sales Value (in Million US$), 2014 - 2019
Figure 27: South Korea: Cloud Computing (Other Workloads) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: South Korea: Cloud Computing (Public) Market: Sales Value (in Million US$), 2014 - 2019
Figure 29: South Korea: Cloud Computing (Public) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: South Korea: Cloud Computing (Private) Market: Sales Value (in Million US$), 2014 - 2019
Figure 31: South Korea: Cloud Computing (Private) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: South Korea: Cloud Computing (Hybrid) Market: Sales Value (in Million US$), 2014 - 2019
Figure 33: South Korea: Cloud Computing (Hybrid) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: South Korea: Cloud Computing (Large Enterprise) Market: Sales Value (in Million US$), 2014 - 2019
Figure 35: South Korea: Cloud Computing (Large Enterprise) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: South Korea: Cloud Computing (Small and Medium Enterprise) Market: Sales Value (in Million US$), 2014 - 2019
Figure 37: South Korea: Cloud Computing (Small and Medium Enterprise) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: South Korea: Cloud Computing (BFSI) Market: Sales Value (in Million US$), 2014 - 2019
Figure 39: South Korea: Cloud Computing (BFSI) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: South Korea: Cloud Computing (IT and Telecom) Market: Sales Value (in Million US$), 2014 - 2019
Figure 41: South Korea: Cloud Computing (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: South Korea: Cloud Computing (Retail and Consumer Goods) Market: Sales Value (in Million US$), 2014 - 2019
Figure 43: South Korea: Cloud Computing (Retail and Consumer Goods) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: South Korea: Cloud Computing (Energy and Utilities) Market: Sales Value (in Million US$), 2014 - 2019
Figure 45: South Korea: Cloud Computing (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: South Korea: Cloud Computing (Healthcare) Market: Sales Value (in Million US$), 2014 - 2019
Figure 47: South Korea: Cloud Computing (Healthcare) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: South Korea: Cloud Computing (Media and Entertainment) Market: Sales Value (in Million US$), 2014 - 2019
Figure 49: South Korea: Cloud Computing (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: South Korea: Cloud Computing (Government and Public Sector) Market: Sales Value (in Million US$), 2014 - 2019
Figure 51: South Korea: Cloud Computing (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: South Korea: Cloud Computing (Other Verticals) Market: Sales Value (in Million US$), 2014 - 2019
Figure 53: South Korea: Cloud Computing (Other Verticals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: East: Cloud Computing Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: East: Cloud Computing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: West: Cloud Computing Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: West: Cloud Computing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Southwest: Cloud Computing Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Southwest: Cloud Computing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Southeast: Cloud Computing Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Southeast: Cloud Computing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: South Korea: Cloud Computing Industry: SWOT Analysis
Figure 63: South Korea: Cloud Computing Industry: Value Chain Analysis
Figure 64: South Korea: Cloud Computing Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: South Korea: Cloud Computing Market: Key Industry Highlights, 2019 and 2025
Table 2: South Korea: Cloud Computing Market Forecast: Breakup by Service (in Million US$), 2020-2025
Table 3: South Korea: Cloud Computing Market Forecast: Breakup by Workload (in Million US$), 2020-2025
Table 4: South Korea: Cloud Computing Market Forecast: Breakup by Deployment Mode (in Million US$), 2020-2025
Table 5: South Korea: Cloud Computing Market Forecast: Breakup by Organization Size (in Million US$), 2020-2025
Table 6: South Korea: Cloud Computing Market Forecast: Breakup by Vertical (in Million US$), 2020-2025
Table 7: South Korea: Cloud Computing Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 8: South Korea: Cloud Computing Market: Competitive Structure
Table 9: South Korea: Cloud Computing Market: Key Players