South Korea IT Services Market Size & Forecast to 2027

IT Services in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The IT services industry is valued as the combination of the business process outsourcing (BPO) services market, the application services market and the infrastructure services market. Values include revenues generated from (a) signed deals that remain under contract and (b) new contracts signed within that particular calendar year.
The South Korean IT services industry had total revenues of $19.0 billion in 2022, representing a compound annual growth rate (CAGR) of 9.4% between 2017 and 2022.
The infrastructure services segment accounted for the industry's largest proportion in 2022, with total revenues of $10.5 billion, equivalent to 55.1% of the industry's overall value.
The South Korean IT services industry has expanded recently owing to several factors, such as a growing economy, increasing GDP, increasing FDI, and a highly skilled labor population. According to the International Institute for Management Development's (IMD) latest rankings, South Korea ranked 8th in terms of digital technology competitiveness.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the it services market in South Korea
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the it services market in South Korea
Leading company profiles reveal details of key it services market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the South Korea it services market with five year forecasts

Reasons to Buy

What was the size of the South Korea it services market by value in 2022?
What will be the size of the South Korea it services market in 2027?
What factors are affecting the strength of competition in the South Korea it services market?
How has the market performed over the last five years?
What are the main segments that make up South Korea's it services market?

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What have been the recent M&A activities?
7.4. What are the recent developments in the market?

8 Company Profiles

8.1. International Business Machines Corporation
8.2. Fujitsu Limited
8.3. Samsung SDS Co Ltd
8.4. Hewlett Packard Enterprise Company

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. About the Publisher

List of Tables

Table 1: South Korea IT services industry value: $ billion, 2017-22
Table 2: South Korea IT services industry category segmentation: % share, by value, 2017-2022
Table 3: South Korea IT services industry category segmentation: $ billion, 2017-2022
Table 4: South Korea IT services industry geography segmentation: $ billion, 2022
Table 5: South Korea IT services industry value forecast: $ billion, 2022-27
Table 6: International Business Machines Corporation: key facts
Table 7: International Business Machines Corporation: Annual Financial Ratios
Table 8: International Business Machines Corporation: Key Employees
Table 9: International Business Machines Corporation: Key Employees Continued
Table 10: International Business Machines Corporation: Key Employees Continued
Table 11: Fujitsu Limited: key facts
Table 12: Fujitsu Limited: Annual Financial Ratios
Table 13: Fujitsu Limited: Key Employees
Table 14: Fujitsu Limited: Key Employees Continued
Table 15: Samsung SDS Co Ltd: key facts
Table 16: Samsung SDS Co Ltd: Annual Financial Ratios
Table 17: Samsung SDS Co Ltd: Key Employees
Table 18: Samsung SDS Co Ltd: Key Employees Continued
Table 19: Hewlett Packard Enterprise Company: key facts
Table 20: Hewlett Packard Enterprise Company: Annual Financial Ratios
Table 21: Hewlett Packard Enterprise Company: Key Employees
Table 22: Hewlett Packard Enterprise Company: Key Employees Continued
Table 23: South Korea size of population (million), 2018-22
Table 24: South Korea gdp (constant 2005 prices, $ billion), 2018-22
Table 25: South Korea gdp (current prices, $ billion), 2018-22
Table 26: South Korea inflation, 2018-22
Table 27: South Korea consumer price index (absolute), 2018-22
Table 28: South Korea exchange rate, 2018-22

List of Figures

Figure 1: South Korea IT services industry value: $ billion, 2017-22
Figure 2: South Korea IT services industry category segmentation: $ billion, 2017-2022
Figure 3: South Korea IT services industry geography segmentation: % share, by value, 2022
Figure 4: South Korea IT services industry value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the IT services industry in South Korea, 2022
Figure 6: Drivers of buyer power in the IT services industry in South Korea, 2022
Figure 7: Drivers of supplier power in the IT services industry in South Korea, 2022
Figure 8: Factors influencing the likelihood of new entrants in the IT services industry in South Korea, 2022
Figure 9: Factors influencing the threat of substitutes in the IT services industry in South Korea, 2022
Figure 10: Drivers of degree of rivalry in the IT services industry in South Korea, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

International Business Machines Corporation
Fujitsu Limited
Samsung SDS Co Ltd
Hewlett Packard Enterprise Company

Table Information

Report Attribute	Details
No. of Pages	52
Published	March 2023
Forecast Period	2022 - 2027
Estimated Market Value ( USD ) in 2022	$ 19.02 Billion
Forecasted Market Value ( USD ) by 2027	$ 25.2 Billion
Compound Annual Growth Rate	5.7%
Regions Covered	South Korea

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South Korea IT Services Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

Table Information

Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

Table Information

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