BMI View: Software and services spending growth is forecast to drive the South Korean IT market throughout the medium term. Penetration of cloud computing and Internet of Things solutions will increase, driven by the strength of the South Korean ICT ecosystem, which includes global leading vendors and government support. The hardware outlook is more mixed, where hybrid notebooks are expected to record volume growth, but tablets face a growing threat from phablets that have proved hugely popular.
Latest Updates & Industry Developments - Computer Hardware Sales: KRW11.5trn in 2016 to KRW12.3trn in 2020, a compound annual growth rate (CAGR) of 1.5%. PC saturation and threat to tablet replacement spending by the trend towards larger and more powerful smartphones will be a drag on growth, but hybrid notebooks should be a bright spot. - Software Sales: KRW6.3trn in 2016 to KRW7.8trn in 2020, a CAGR of 5.3%. Advanced solution demand from key verticals such as financial services will offset the price squeeze from emerging market vendors and cloud solutions. - IT Services Sales: KRW8.8trn in 2016 to KRW11.2trn in 2020, a CAGR of 6.1%. A base of local vendors and supportive government policies means South Korea is positioned well for cloud computing and Internet of Things growth.
Table Of Contents
South Korea Information Technology Report Q4 2016 BMI Industry View 7 SWOT 9 Industry Forecast 11 Latest Updates 11 Structural Trends 11 Table: Enterprise Trends - GVA By Vertical (South Korea 2015-2020) 15 Table: IT Industry - Historical Data And Forecasts (South Korea 2013-2020) 17 Industry Risk Reward Index 18 Industry Risk/Reward Index 18 Table: Asia Pacific IT Risk/Reward Index, Q4 2016 21 Market Overview 22 Hardware 22 Software 28 Cloud Computing 32 IT Services 36 Industry Trends And Developments 41 IT Hardware Trade 41 Table: Developed APAC IT Hardware Trade 41 Table: South Korea IT Hardware Trade, 2010-2015 42 IT Industry Analysis 43 Table: IT Hardware Industry Performance, 2009-2014 45 Table: Software and Services Industry Performance, 2009-2014 47 Regulatory Development 48 Table: Regulatory Authorities 48 Competitive Landscape 54 South Korea IT Companies 54 IT Vendors - APAC, 2015 58 Table: Computer Hardware 58 Table: Software 58 Table: Cloud 59 Table: IT Services 60 E-Commerce 61 Regional Overview 63 Demographic Forecast 67 Demographic Outlook 67 Table: Population Headline Indicators (South Korea 1990-2025) 68 Table: Key Population Ratios (South Korea 1990-2025) 68 Table: Urban/Rural Population and Life Expectancy (South Korea 1990-2025) 69 Table: Population By Age Group (South Korea 1990-2025) 69 Table: Population By Age Group % (South Korea 1990-2025) 70 Methodology 72 Industry Forecast Methodology 72 Sources 74 Risk/Reward Index Methodology 74 Table: IT Risk/Reward Index Indicators 75 Table: Weighting Of Components 76