The value added of computer programming and consultancy services in South Korea has shown significant growth from 2015 to 2023. Starting at 35.622 trillion KRW in 2015, it reached 49.101 trillion KRW in 2023. The sector experienced varying annual growth rates, with notable acceleration in 2016 and 2019 and a decline in 2020 due to external challenges. However, there was a strong recovery in 2021 with a 22.72% increase and continued growth in recent years. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 1.21%.
Looking forward, the industry is expected to grow steadily from 2024 to 2028, with a forecasted CAGR of 1.34% over the next five years, amounting to a total growth of 6.86% by 2028. Future trends to watch include advances in artificial intelligence, increased demand for cybersecurity, and the expansion of cloud-based services, which are likely to drive further growth in the computer programming and consultancy sector in South Korea.
