Market Overview:
The South Korea cloud computing market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to continue its strong growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the South Korea cloud computing market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on 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:
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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Million |
| Segment Coverage |
Service, Workload, Deployment Mode, Organization Size, Vertical, Region |
| Region Covered |
East, West, Southwest, Southeast |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License $ 2499
Five User License $ 2999
Corporate License $ 3999 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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$), 2015-2020
Figure 3: South Korea: Cloud Computing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: South Korea: Cloud Computing Market: Breakup by Service (in %), 2020
Figure 5: South Korea: Cloud Computing Market: Breakup by Workload (in %), 2020
Figure 6: South Korea: Cloud Computing Market: Breakup by Deployment Mode (in %), 2020
Figure 7: South Korea: Cloud Computing Market: Breakup by Organization Size (in %), 2020
Figure 8: South Korea: Cloud Computing Market: Breakup by Vertical (in %), 2020
Figure 9: South Korea: Cloud Computing Market: Breakup by Region (in %), 2020
Figure 10: South Korea: Cloud Computing (Infrastructure as a Service) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: South Korea: Cloud Computing (Infrastructure as a Service) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: South Korea: Cloud Computing (Platform as a Service) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: South Korea: Cloud Computing (Platform as a Service) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: South Korea: Cloud Computing (Software as a Service) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: South Korea: Cloud Computing (Software as a Service) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: South Korea: Cloud Computing (Application Development and Testing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: South Korea: Cloud Computing (Application Development and Testing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: South Korea: Cloud Computing (Analytics and Reporting) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: South Korea: Cloud Computing (Analytics and Reporting) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: South Korea: Cloud Computing (Data Storage and Backup) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: South Korea: Cloud Computing (Data Storage and Backup) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: South Korea: Cloud Computing (Integration and Orchestration) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: South Korea: Cloud Computing (Integration and Orchestration) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: South Korea: Cloud Computing (Resource Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: South Korea: Cloud Computing (Resource Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: South Korea: Cloud Computing (Other Workloads) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: South Korea: Cloud Computing (Other Workloads) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: South Korea: Cloud Computing (Public) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: South Korea: Cloud Computing (Public) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: South Korea: Cloud Computing (Private) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: South Korea: Cloud Computing (Private) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: South Korea: Cloud Computing (Hybrid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: South Korea: Cloud Computing (Hybrid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: South Korea: Cloud Computing (Large Enterprise) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: South Korea: Cloud Computing (Large Enterprise) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: South Korea: Cloud Computing (Small and Medium Enterprise) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: South Korea: Cloud Computing (Small and Medium Enterprise) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: South Korea: Cloud Computing (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: South Korea: Cloud Computing (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: South Korea: Cloud Computing (IT and Telecom) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: South Korea: Cloud Computing (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: South Korea: Cloud Computing (Retail and Consumer Goods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: South Korea: Cloud Computing (Retail and Consumer Goods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: South Korea: Cloud Computing (Energy and Utilities) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: South Korea: Cloud Computing (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: South Korea: Cloud Computing (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: South Korea: Cloud Computing (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: South Korea: Cloud Computing (Media and Entertainment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: South Korea: Cloud Computing (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: South Korea: Cloud Computing (Government and Public Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: South Korea: Cloud Computing (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: South Korea: Cloud Computing (Other Verticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: South Korea: Cloud Computing (Other Verticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: East: Cloud Computing Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: East: Cloud Computing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: West: Cloud Computing Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: West: Cloud Computing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Southwest: Cloud Computing Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Southwest: Cloud Computing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Southeast: Cloud Computing Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Southeast: Cloud Computing Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: South Korea: Cloud Computing Market Forecast: Breakup by Service (in Million US$), 2021-2026
Table 3: South Korea: Cloud Computing Market Forecast: Breakup by Workload (in Million US$), 2021-2026
Table 4: South Korea: Cloud Computing Market Forecast: Breakup by Deployment Mode (in Million US$), 2021-2026
Table 5: South Korea: Cloud Computing Market Forecast: Breakup by Organization Size (in Million US$), 2021-2026
Table 6: South Korea: Cloud Computing Market Forecast: Breakup by Vertical (in Million US$), 2021-2026
Table 7: South Korea: Cloud Computing Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: South Korea: Cloud Computing Market: Competitive Structure
Table 9: South Korea: Cloud Computing Market: Key Players