Software in South Korea

Software in South Korea

  • February 2019 •
  • 40 pages •
  • Report ID: 3957923 •
  • Format: PDF
Software in South Korea

Summary
Software in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- The software market is defined as revenues generated from both sales of, and subscriptions to, various software packages and offerings. The market includes both signed deals that remain under contract, and the annual revenues associated with new contracts signed, within a particular calendar year. This excludes sales opportunities for third-party services providers.
- The South Korean software market had total revenues of $7.6bn in 2018, representing a compound annual growth rate (CAGR) of 9.6% between 2014 and 2018.
- The IT management segment was the market’s most lucrative in 2018, with total revenues of $2.7bn, equivalent to 35.6% of the market’s overall value.
- The South Korean market was growing very strongly before 2018, due to a high level of technology adoption by both businesses and individuals. However, the market declined by 3% in 2018, following a worldwide trend largely attributed to the rise of the US dollar, which affected sales from global US-based software companies.

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

Reasons to buy
- What was the size of the South Korea software market by value in 2018?
- What will be the size of the South Korea software market in 2023?
- What factors are affecting the strength of competition in the South Korea software market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea’s software market?
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