2013-02-24 15:20:12 - Fast Market Research recommends "South Korea Information Technology Report Q1 2013" from Business Monitor International, now available

BMI View: South Korean IT spending is expected to reach US$20.3bn in 2013, up 6%, with consumer and business segment IT growth expected to moderate as its economy remains subdued throughout the year.

However, South Koreans have experienced a rapid increase in per capita incomes (in US dollar terms) in recent years, and, as the economy remains on a solid growth track, despite a forecast deceleration in 2013, we believe South Koreans will increasingly choose to spend on IT products due to a substantial increase in their disposable incomes. There will be a number of key drivers and growth trends including cloud computing, IT outsourcing and industry-specific software applications.


Full Report Details at
- www.fastmr.com/prod/536497_south_korea_information_technology_re ..


Computer Hardware Sales: US$4.7bn in 2012 to

US$4.7bn in 2013, +1% in US dollar terms. Forecast in US dollar terms is downwardly revised but form factors such as tablets will provide growth areas in 2013, as well as tablets and other devices based on the Windows 8 operating system.

Software Sales: US$6.8bn in 2012 to US$7.2bn in 2013, +6% in US dollar terms. Forecast in US dollar terms unchanged with the trend in the South Korean software market being towards specialised verticalspecific application packages.

IT Services Sales: US$7.8bn in 2012 to US$8.3bn in 2013, +7% in US dollar terms. Forecast in US dollar terms downwardly revised but vendors and service providers are investing heavily in the cloud computing market.

* South Korean government agencies are adopting cloud computing and the Ministry of Public Administration and Security is investing in cloud technologies for national computing resources. The Ministry of Knowledge Economy has launched a study of how to combine green IT with cloud platforms. New cloud computing offerings should fuel further demand from companies to utilise this technology and drive investment in datacentres.
* Demand from the financial segment should also be a growth area, with financial services institutions investing in more customer-orientated strategies and streamlining complex operating environments. Growing demand for cloud computing services will also generate opportunities and investments in datacentres.
* IT spending in export-dependent South Korea will remain vulnerable to continued uncertainty in the global economy. We see consumer demand decelerating because of mounting consumer debt and we have revised our forecast downwards. Corporate IT spending should also moderate, due to a weaker outlook for the export sector, and a forecast slowdown in China.

Report Table of Contents:

BMI Industry View
SWOT
- Political
- Economic
- Business Environment
Industry Forecast
- Table: South Korea IT Industry - Historical Data And Forecasts (US$mn unless otherwise stated)
- Economic Outlook
- Expenditure Breakdown
- Private Consumption
- Public Consumption
- Gross Fixed Capital Formation
- Net Exports
- Table: South Korea - Economic Activity
Industry Risk Reward Ratings
- Industry Risk/Reward Ratings
- Table: Asia Pacific IT Risk/Reward Ratings, Q113
Market Overview
- Asia Pacific Regional Market Overview
- IT Penetration
- IT Growth and Drivers
- Sectors And Verticals
- Market Overview
- Hardware
- Software
- Services
Industry Trends And Developments
Regulatory Development
- Table: Regulatory Authorities
Competitive Landscape
- Computers
- Software
- IT Services
Company Profile
- Samsung Electronics
- Regional Overview
- Asia Pacific Regional Market Overview
- IT Penetration
- IT Growth and Drivers
- Sectors And Verticals
Demographic Forecast
- Table: South Korea's Population By Age Group, 1990-2020 ('000)
- Table: South Korea's Population By Age Group, 1990-2020 (% of total)
- Table: South Korea's Key Population Ratios, 1990-2020
- Table: South Korea's Rural And Urban Population, 1990-2020
Methodology
- How We Generate Our Industry Forecasts
- IT Industry
- IT Ratings - Methodology
- Table: IT Business Environment Indicators
- Weighting
- Table: Weighting Of Components
- Sources

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