South Korea Enterprise ICT Investment Trends and Future Outlook by Segments Hardware, Software, IT Services and Network and Communications
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The majority enterprises in South Korea have seen slight increases in their enterprises’ ICT budgets for 2022 compared with 2021. Most enterprises have seen their ICT budgets increase in total across most ICT products and services, except hardware where most enterprises’ ICT budget allocations have remained the same in 2022 compared with 2021. This could largely be attributed to an increased focus on digital transformation among the country’s leading enterprises as well as SMEs.
The South Korea enterprise ICT investment trends research report provides a thorough, forward-looking analysis of South Korea’s Enterprise ICT Investment Trends and key ICT opportunities in a concise format to help executives build proactive and profitable growth strategies. The report has more than 50 charts, as it is designed for an executive-level audience, boasting presentation quality.
South Korea Enterprise ICT Budget Allocations Dynamics
South Korea has one of the highest internet penetration rates, and the country is also a pioneer in implementing 5G, thus businesses in the country are looking to harness information and communication technologies to remain competitive in the domestic and global markets. Furthermore, the Digital New Deal announced in 2020 combats the COVID-19-induced economic slowdown, and the transition toward a digital economy is also likely influencing the enterprises’ ICT spending in the country.
South Korea Enterprise ICT Investment Budget Allocation Segmentation by ICT products/services
The key ICT products or services in the South Korea enterprise ICT investment market are internal costs, hardware, software, network & communications, ICT services, IT consulting, and others.
South Korea Enterprise ICT Investment Budget Allocation Segmentation by Business Functions
The key business function in the South Korea enterprise ICT investments are production, procurement & operations, human resources & legal, finance & accounting, sales, marketing, & consumer relations, and research & development.
South Korea Enterprise Cloud & Digital Transformation Segmentation by Models
The key South Korea enterprise cloud & digital transformation models are public cloud, private cloud, hybrid cloud, managed cloud services, and cloud management platforms.
South Korea Public Cloud Budget Allocation Segmentation By Service Type
The key types of services in South Korea public cloud market are IaaS, PaaS, and SaaS.
South Korea ICT Budget Allocations By Segments
The key categories in South Korea enterprise budget allocations are hardware budget allocations, software budget allocations, managed IT services budget allocations, ICT consulting services budget allocations, network & communication budget allocations, and private mobile networks (LTE/5G) budget allocations.
South Korea Enterprise Hardware Budget Allocations Segmentation By Category
The key categories in South Korea enterprise hardware budget allocations are network equipment, security equipment, servers, storage, desktop PCs/laptops/tablets/printers, communication devices , and others.
For more insights on South Korea Enterprise ICT Investment Trends, download a free report sample
South Korea Enterprise ICT Investment Trends Report Overview
Key Products/Services | Internal Costs, Hardware, Software, Network & Communications, ICT Services, IT Consulting, and Others. |
Key Business Functions | Production, Procurement & Operations, Human Resources & Legal, Finance & Accounting, Sales, Marketig, & Consumer Relations, and Research & Development |
Key Models | Public Cloud, Private Cloud, Hybrid Cloud, Managed Cloud Services, and Cloud Management Platforms |
Key Public Cloud Models | IaaS, PaaS, and SaaS |
Key Segments | Hardware Budget Allocations, Software Budget Allocations, Managed IT Services Budget Allocations, ICT Consulting Services Budget Allocations, Network & Communication Budget Allocations, and Private Mobile Networks (LTE/5G) Budget Allocations |
Key Hardware Segments | Network Equipment, Security Equipment, Servers, Storage, Desktop Pcs/Laptops/Tablets/Printers, Communication Devices, and Others. |
Scope
- According to GlobalData’s survey, most survey respondents from South Korea confirm that there have been slight increases in their enterprises’ ICT budgets.
- Enterprises’ ICT budgets in total have increased for both maintaining existing ICT infrastructure and for new IT projects in 2022 over 2021.
- Enterprises’ ICT hardware budget allocations have slightly increased across all the categories in 2022 compared to 2021
- Cellular private mobile network services is predicted to be the prominent IoT connectivity investment area in the next two years.
Reasons to Buy
- The report is based on GlobalData’s IT Customer Insight Survey carried out annually covering key ICT decision-makers from enterprises across various industry verticals to understand their ICT investment priorities and trends.
- This survey report offers a thorough, forward-looking analysis of Enterprise ICT Investment Trends and key ICT opportunities in a concise format to help executives build proactive and profitable growth strategies.
- Accompanying GlobalData’s IT customer insight survey, the report examines the ongoing and upcoming trends in enterprise IT spending within South Korea.
- With more than 50 charts, the report is designed for an executive-level audience, boasting presentation quality.
- The report provides an easily digestible market assessment for decision makers built around research gathered from the local IT decision makers, which enables executives to quickly get up to speed with the current and emerging trends in South Korea’s Enterprise ICT Spending.
Table of Contents
Frequently asked questions
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What are the key products/services in the South Korea enterprise ICT investment market?
The key ICT products or services in the South Korea enterprise ICT investment market are internal costs, hardware, software, network & communications, ICT services, IT consulting, and others.
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What are the key business functions in the South Korea enterprise ICT investment market?
The major business function in the South Korea enterprise ICT budget allocations are production, procurement & operations, human resources & legal, finance & accounting, sales, marketing, & consumer relations, and research & development.
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What are the key models in the South Korea enterprise ICT investment market?
The key South Korea enterprise cloud & digital transformation models are public cloud, private cloud, hybrid cloud, managed cloud services, and cloud management platforms.
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What are the key public cloud models in the South Korea enterprise ICT investment market?
The key types of services in South Korea public cloud market are IaaS, PaaS, and SaaS.
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What are the key segments in the South Korea enterprise ICT investment market?
The key categories in South Korea enterprise budget allocations are hardware budget allocations, software budget allocations, managed IT services budget allocations, ICT consulting services budget allocations, network & communication budget allocations, and private mobile networks (LTE/5G) budget allocations.
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What are the key hardware segments in the South Korea enterprise ICT investment market?
The key categories in South Korea enterprise hardware budget allocations are network equipment, security equipment, servers, storage, desktop PCs/laptops/tablets/printers, communication devices , and others.
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