IMARC Group has recently released a new research study titled “South Korea Cloud Computing Market Report by Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), Workload (Application Development and Testing, Analytics and Reporting, Data Storage and Backup, Integration and Orchestration, Resource Management, and Others), Deployment Mode (Public, Private, Hybrid), Organization Size (Large Enterprise, Small and Medium Enterprise), Vertical (BFSI, IT and Telecom, Retail and Consumer Goods, Energy and Utilities, Healthcare, Media and Entertainment, Government and Public Sector, and Others), and Region 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Cloud Computing Market Overview
The South Korea cloud computing market size was valued at USD 3.9 Billion in 2024 and is projected to reach USD 11.6 Billion by 2033, growing at a CAGR of 12.36% during the forecast period of 2025-2033. This growth is driven by rising cybersecurity threats, increased digital education initiatives, and widespread adoption in healthcare.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
South Korea Cloud Computing Market Key Takeaways
- Current Market Size: USD 3.9 Billion in 2024
- CAGR: 12.36% during 2025-2033
- Forecast Period: 2025-2033
- Rising incidences of cybersecurity threats and data breaches are primary growth drivers.
- Increasing adoption of multi-cloud strategies helps avoid vendor lock-in and optimize providers' capabilities.
- Integration of AI and ML enhances cloud computing data analytics and decision-making.
- West region dominates due to established IT infrastructure and tech-savvy workforce.
- Government initiatives and strategic private-sector collaborations promote cloud technology adoption.
Sample Request Link: https://www.imarcgroup.com/south-korea-cloud-computing-market/requestsample
