2014-02-07 20:31:01 - South Korea Information Technology Report Q1 2014 - a new market research report on companiesandmarkets.com
the South Korean IT market is one of the most developed in the region both in terms of adoption by the population and enterprises, and the local base of firms operating in the hardware, software and services markets. There is widespread use of IT products and solutions by consumers, public authorities and enterprises, but even so we expect robust medium term growth. In the retail market short replacement cycles and demand for tablets and hybrids/convertibles will drive sales, while in the enterprise market emerging technologies such as cloud computing, machine-to-machine (or smart) infrastructure, and Big Data will play a key role. An additional driver of growth is the supportive policy environment as the government promotes the development of the local
software and services industry.
Headline Expenditure Predictions
- Computer Hardware Sales: KRW5,404bn in 2013 to KRW6.623bn in 2017, compound annual growth rate (CAGR) of +5.1% in local currency terms. South Korea was one of the first markets where demand for hybrid form factors gained momentum, but growth will continue to be driven by tablets in the shortto- medium term.
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