South Korea Cloud Computing Market Growth, Trends, Size, Scope, Challenges and Future Outlook
South Korea Cloud Computing Market Size- By Service, By Workload, By Deployment Mode, By Organization Size, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2023 | Report ID: IACT23116 | Pages: 1 - 107 | Formats*: |
| Category : Information & Communications Technology | |||
South Korea Cloud Computing Market Overview
According to SPER Market Research, the South Korea Cloud Computing Market is estimated to reach USD 14.13 billion by 2033 with a CAGR of 15.13%.
Cloud computing is the provision of computing resources such as storage, processing power, and software applications via the internet. It offers a flexible and scalable infrastructure, eliminating the need for physical servers and costly on-premises hardware. With cloud computing, users can access these resources on-demand from remote data centers managed by cloud services providers (CSPs). The CSPs make the resources available through subscriptions or usage-based billing. Whether it's using cloud applications like Gmail or streaming media on Netflix, individuals and businesses rely on cloud computing in their daily lives for convenient and efficient access to computing resources.
Exploring the Growth Drivers of the South Korea Cloud Computing Industry.
The market growth is being propelled by several key factors, including the rising uptake of cloud-based solutions among small and medium-sized enterprises (SMEs), the demand for cost-effective and scalable IT infrastructure, and the growing emphasis on digital transformation. Also, the South Korean government is making significant investments in enhancing the nation's digital infrastructure and promoting the adoption of cloud-based services. The government's Digital New Deal initiative is anticipated to bolster the digital economy, generate new employment prospects, and enhance the country's global competitiveness.
What challenges does the South Korea Cloud Computing Market face?
The South Korean cloud computing market is experiencing rapid growth, driven by the country's technological advancements. However, there are obstacles that must be overcome for sustained market expansion. One major challenge lies in the absence of standardization. With numerous standards and formats for cloud services available, businesses often face difficulty in selecting the most suitable option. This lack of clarity can result in confusion and hinder the adoption of cloud services, impeding market growth.
In what ways has the COVID-19 pandemic affected South Korea Cloud Computing Market?
The South Korean cloud computing market has been significantly impacted by the COVID-19 pandemic. Businesses increasingly looked to cloud solutions to support their operations and assure company continuity as remote work became the norm. The need for scalable infrastructure, remote access to data and applications, and cloud-based collaboration capabilities increased dramatically. As a result, the market saw an increase in cloud use and quickened efforts at digital transformation. The epidemic also brought to light how crucial cloud-based services are for facilitating remote work and boosting resilience. The South Korean cloud computing market is anticipated to continue growing as a result of this greater reliance on the cloud.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Service, By Workload, By Deployment Mode, By Organization Size, By End-User |
| Regions covered | East South Korea, Southeast South Korea, Southwest South Korea, West South Korea |
| Companies Covered | Amazon Web services, Alibaba Cloud, Google Cloud Platform, Microsoft Azure, Others |
Key Target Audience:
- Academics and Researchers
- Business Leaders and Executives
- Industry Associations and Trade Organizations
- System Integrators and IT Consultants
- Technology and Cloud Service Providers
South Korea Cloud Computing Market Segmentation:
1. By Service:
- South Korea Cloud Computing Market Value Share and Forecast, By Service, 2023-2033
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
2. By Workload:
- South Korea Cloud Computing Market Value Share and Forecast, By Workload, 2023-2033
- Analytics and Reporting
- Application Development and Testing
- Data Storage and Backup
- Integration and Orchestration
- Resource Management
3. By Deployment Mode:
- South Korea Cloud Computing Market Value Share and Forecast, By Deployment Mode, 2023-2033
- Hybrid
- Private
- Public
4. By Organization Size:
- South Korea Cloud Computing Market Value Share and Forecast, By Organization Size, 2023-2033
- Large Enterprise
- Small and Medium Enterprise
5. By Region:
- East South Korea
- Southeast South Korea
- Southwest South Korea
- West South Korea
Key Topics Covered in the Report:
- South Korea Cloud Computing Market Size (FY’2023-FY’2033)
- Overview of South Korea Cloud Computing Market
- Segmentation of South Korea Cloud Computing Market By Service (Infrastructure as a Service, Platform as a Service, Software as a Service)
- Segmentation of South Korea Cloud Computing Market By Workload (Analytics and Reporting, Application Development and Testing, Data Storage and Backup, Integration and Orchestration, Resource Management, Others)
- Segmentation of South Korea Cloud Computing Market By Deployment Mode (Hybrid, Private, Public)
- Segmentation of South Korea Cloud Computing Market By Organization Size (Large Enterprise, Small and Medium Enterprise)
- Segmentation of South Korea Cloud Computing Market By End User (BFSI, Energy and Utilities, Government and Public Sector, Healthcare, IT and Telecom, Media and Entertainment, Retail and Consumer Goods, Others)
- Statistical Snap of South Korea Cloud Computing Market
- Growth Analysis of South Korea Cloud Computing Market
- Problems and Challenges in South Korea Cloud Computing Market
- Competitive Landscape in the South Korea Cloud Computing Market
- Impact of COVID-19 and Demonetization on South Korea Cloud Computing Market
- Details on Recent Investment in South Korea Cloud Computing Market
- Competitive Analysis of South Korea Cloud Computing Market
- Key Players in the South Korea Cloud Computing Market
- SWOT Analysis of South Korea Cloud Computing Market
- South Korea Cloud Computing Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the South Korea Cloud Computing Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Cloud Computing Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Cloud Computing Market
7. South Korea Cloud Computing Market, By Service (USD Million)
7.1. South Korea Cloud Computing Market Value Share and Forecast, By Service, 2023-20337.2. Infrastructure as a Service (IaaS)7.3. Platform as a Service (PaaS)7.4. Software as a Service (SaaS)
8. South Korea Cloud Computing Market, By Workload (USD Million)
8.1. South Korea Cloud Computing Market Value Share and Forecast, By Workload, 2023-20338.2. Analytics and Reporting8.3. Application Development and Testing8.4. Data Storage and Backup8.5. Integration and Orchestration8.6. Resource Management8.7. Others
9. South Korea Cloud Computing Market, By Deployment Mode (USD Million)
9.1. South Korea Cloud Computing Market Value Share and Forecast, By Deployment Mode, 2023-20339.2. Hybrid9.3. Private9.4. Public
10. South Korea Cloud Computing Market, By Organization Size (USD Million)
10.1. South Korea Cloud Computing Market Value Share and Forecast, By Organization Size, 2023-203310.2. Large Enterprise10.3. Small and Medium Enterprise
11. South Korea Cloud Computing Market, By End User (USD Million)
11.1. South Korea Cloud Computing Market Value Share and Forecast, By End User, 2023-203311.2. BFSI11.3. Energy and Utilities11.4. Government and Public Sector11.5. Healthcare11.6. IT and Telecom11.7. Media and Entertainment11.8. Retail and Consumer Goods11.9. Others
12. South Korea Cloud Computing Market Forecast, 2019-2033 (USD Million)
12.1. South Korea Cloud Computing Market Size and Market Share
13. South Korea Cloud Computing Market, By Service, 2019-2033 (USD Million)
13.1. South Korea Cloud Computing Market Size and Market Share By Service (2019-2026)13.2. South Korea Cloud Computing Market Size and Market Share By Service (2027-2033)
14. South Korea Cloud Computing Market, By Workload, 2019-2033 (USD Million)
14.1. South Korea Cloud Computing Market Size and Market Share By Workload (2019-2026)14.2. South Korea Cloud Computing Market Size and Market Share By Workload (2027-2033)
15. South Korea Cloud Computing Market, By Deployment Mode, 2019-2033 (USD Million)
15.1. South Korea Cloud Computing Market Size and Market Share By Deployment Mode (2019-2026)15.2. South Korea Cloud Computing Market Size and Market Share By Deployment Mode (2027-2033)
16. South Korea Cloud Computing Market, By Organization Size, 2019-2033 (USD Million)
16.1. South Korea Cloud Computing Market Size and Market Share By Organization Size (2019-2026)16.2. South Korea Cloud Computing Market Size and Market Share By Organization Size (2027-2033)
17. South Korea Cloud Computing Market, By End User, 2019-2033 (USD Million)
17.1. South Korea Cloud Computing Market Size and Market Share By End User (2019-2026)17.2. South Korea Cloud Computing Market Size and Market Share By End User (2027-2033)
18. South Korea Cloud Computing Market, By Region, 2019-2033 (USD Million)
18.1. South Korea Cloud Computing Market Size and Market Share By Region (2019-2026)18.2. South Korea Cloud Computing Market Size and Market Share By Region (2027-2033)18.3. East South Korea18.4. Southeast South Korea18.5. Southwest South Korea18.6. West South Korea
19. Company Profile
19.1. Amazon Web services19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Alibaba Cloud19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Google Cloud Platform19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Microsoft Azure19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
South Korea Cloud Computing Market is projected to reach USD 14.13 billion by 2033, growing at a CAGR of 15.13% during the forecast period.
South Korea Cloud Computing Market grew in market size from 2023. The Market is expected to reach USD 14.13 billion by 2033, at a CAGR of 15.13% during the forecast period.
South Korea Cloud Computing Market CAGR of 15.13% during the forecast period.
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South Korea Cloud Computing Market size is USD 14.13 billion from 2023 to 2033.
South Korea Cloud Computing Market Segment is Covered By Service, By Workload, By Deployment Mode, By Organization Size, By End-User
The Asia-Pacific region is anticipated to have the highest market share in South Korea Cloud Computing Market.
The key players in the market include Companies Covered Amazon Web services, Alibaba Cloud, Google Cloud Platform, Microsoft Azure, Others
The market growth is being propelled by several key factors, including the rising uptake of cloud-based solutions among small and medium-sized enterprises (SMEs), the demand for cost-effective and scalable IT infrastructure, and the growing emphasis on digital transformation.
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