Government Spending in South Korea - Market Summary, Competitive Analysis and Forecast to 2025

Government Spending in South Korea - Market Summary, Competitive Analysis and Forecast to 2025

  • July 2021 •
  • 39 pages •
  • Report ID: 6152362 •
  • Format: PDF
Government Spending in South Korea - Market Summary, Competitive Analysis and Forecast to 2025

Summary
Government Spending in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- The government spending sector is the total amount of public sector expenditure at any sort of level, including central government, local government etc. It is split into the following segments: defense, education, social protection, healthcare, and other.
- The South Korean government spending sector had total revenues of $470.4bn in 2020, representing a compound annual growth rate (CAGR) of 9.9% between 2016 and 2020.
- The social protection segment was the sector’s most lucrative in 2020, with total revenues of $87.0bn, equivalent to 18.5% of the sector’s overall value.
- Looking forward, government investment in the Korean New Deal strategy, through digital innovation and securing a green economy, will help to maintain positive growth in the sector following a boom in 2020.

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

Reasons to Buy
- What was the size of the South Korea government spending market by value in 2020?
- What will be the size of the South Korea government spending market in 2025?
- What factors are affecting the strength of competition in the South Korea government spending market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea’s government spending market?
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