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South Korea Big Data Market

South Korea Big Data Market Size, Share, Trends, Growth: By Component: Solution, Services; By Deployment Mode: On-Premises, Cloud; By Organisation Size: Small and Medium Enterprises, Large Enterprises; By Application: Customer Analytics, Operational Analytics, Others; By Industry Vertical; Competitive Landscape; 2024-2032

South Korea Big Data Market Outlook

The South Korea big data market size reached approximately USD 2.00 billion in 2023. The market is estimated to grow at a CAGR of 9.8% in the forecast period of 2024-2032, reaching a value of around USD 4.80 billion by 2032.

 

Key Trends in the Market

Big data refers to a large set of complex data that can be structured, unstructured, and semi-structured and is mined by organisations to gather valuable insights. These data sets are too large to be processed by traditional software and require the assistance of advanced algorithms and machine learning.

 

  • Growing usage of predictive analytics to make future predictions is one of the key South Korea big data market trends. Predictive analytics involves the analysis of current and historical data using statistics and modelling techniques to discover patterns.
  • Data observability has become another crucial trend aiding the market growth as it facilitates the management and monitoring of big data in the system to ensure its quality and reliability.
  • Increased integration of DataSecOps tools by several organisations to maintain data privacy, security, and governance of the ever-changing big data in the system also provides impetus to the South Korea big data market growth.
  • There is a surge in the deployment of AI and machine learning technologies in big data systems as they consist of self-learning algorithms that can identify more accurate patterns on their own.
  • Favourable government initiatives to strengthen technological innovations for economic development also contribute to the market expansion. For instance, in December 2023, the South Korean government announced a partnership with China and Japan in the advanced technology sectors of AI, big data, and blockchain.

 

Market Analysis

Based on component, the market is divided into solution and services. On the basis of deployment mode, the market is bifurcated into on-premises and cloud. Based on organisation size, the market is classified into small and medium enterprises and large enterprises. The South Korea big data market segmentation, on the basis of application, includes customer analytics, operational analytics, fraud detection, compliance, and data warehouse optimisation, among others.

 

Based on industry vertical, the market is segmented into BFSI, telecom and IT, healthcare and life sciences, government and defence, retail and consumer goods, and media and entertainment, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea big data market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Microsoft Corp. 
  • SAP SE 
  • Samsung Electronics Co., Ltd.
  • LG Corp. (LG CNS Co. Ltd.)  
  • Amazon Web Services, Inc. 
  • KT Corp. 
  • NAVER Cloud Corp. 
  • Saltlux Inc. 
  • 42Maru Inc
  • Bespin Global Inc. 
  • Others

 

Market Share by Deployment Mode

Cloud-based deployment mode occupies a significant portion of the South Korea big data market share, owing to the rising storage of large volumes of data on cloud-based platforms. Several platforms such as Azure and Oracle offer tools and technologies required for processing big data. Cloud platforms also offer facilities such as competitive pricing, scalability of data storage, and data accessibility from any location.

 

Moreover, on-premise mode is expected to gain robust growth in the coming years, owing to its growing utilisation by enterprises which require increased control and security over their data.

 

Market Share by Industry Vertical

As per the South Korea big data market analysis, the BFSI sector accounts for a substantial share of the market due to the large volume of data generated by different modes of transactions. Growing focus on risk management further fuels the demand for big data mining in banks and other financial institutes.

 

Additionally, stringent data governance policies in BFSI institutions regarding data accessibility and security have surged the demand for big data platforms that provide efficient data solutions.

 

Competitive Landscape

Microsoft Corp., established in 1975, is a multinational technology company, with its headquarters in Washington, the United States. Some of its specialities include business software, developer tools, the Windows operating system, applications and tools, and cloud computing, among others. The company operates in 190 countries and boasts over 220,000 employees worldwide.

 

SAP SE is a multinational software developer, founded in 1972 and based in Walldorf, Germany. The company offers innovative technologies in blockchain, crypto finance, as well as quantum technologies to transform their business solutions. Some of its major business software includes SAP Analytics Cloud, SAP Business Explorer, SAP Business Intelligence, and SAP ERP, among others.

 

Samsung Electronics Co., Ltd., incorporated in 1969 and headquartered in Suwon, South Korea, is a global provider of high-tech electronics. Its product portfolio includes air conditioners, refrigerators, washing machines, laptops, and monitors, among others. The company is acclaimed as one of the pioneers in technology across the world.

 

Other South Korea big data market players include LG Corp. (LG CNS Co. Ltd.), Amazon Web Services, Inc., KT Corp., NAVER Cloud Corp., Saltlux Inc., 42Maru Inc, and Bespin Global Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Deployment Mode
  • Organisation Size
  • Application
  • Industry Vertical
Breakup by Component
  • Solution
  • Services
Breakup by Deployment Mode
  • On-Premises
  • Cloud
Breakup by Organisation Size
  • Small and Medium Enterprises
  • Large Enterprises
Breakup by Application
  • Customer Analytics
  • Operational Analytics
  • Fraud Detection
  • Compliance
  • Data Warehouse Optimisation
  • Others
Breakup by Industry Vertical
  • BFSI
  • Telecom and IT
  • Healthcare and Life Sciences
  • Government and Defence
  • Retail and Consumer Goods
  • Media and Entertainment
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Microsoft Corp. 
  • SAP SE 
  • Samsung Electronics Co., Ltd.
  • LG Corp. (LG CNS Co. Ltd.)  
  • Amazon Web Services, Inc. 
  • KT Corp. 
  • NAVER Cloud Corp. 
  • Saltlux Inc. 
  • 42Maru Inc
  • Bespin Global Inc. 
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Asia Pacific Big Data Market Overview

    8.1    Key Industry Highlights
    8.2    Asia Pacific Big Data Historical Market (2018-2023) 
    8.3    Asia Pacific Big Data Market Forecast (2024-2032)
    8.4    Asia Pacific Big Data Market Breakup by Country
        8.4.1    China
        8.4.2    Japan
        8.4.3    India
        8.4.4    ASEAN
        8.4.5    Australia
        8.4.6    South Korea
        8.4.7    Others
9    South Korea Big Data Market Overview
    9.1    Key Industry Highlights
    9.2    South Korea Big Data Historical Market (2018-2023) 
    9.3    South Korea Big Data Market Forecast (2024-2032)
10    South Korea Big Data Market by Component
    10.1    Solution
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Services
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
11    South Korea Big Data Market by Deployment Mode
    11.1    On-Premises
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Cloud
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
12    South Korea Big Data Market by Organisation Size
    12.1    Small and Medium Enterprises
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Large Enterprises
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
13    South Korea Big Data Market by Application
    13.1    Customer Analytics
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Operational Analytics
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Fraud Detection
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Compliance
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Data Warehouse Optimisation
        13.5.1    Historical Trend (2018-2023)
        13.5.2    Forecast Trend (2024-2032)
    13.6    Others
14    South Korea Big Data Market by Industry Vertical
    14.1    BFSI
        14.1.1    Historical Trend (2018-2023)
        14.1.2    Forecast Trend (2024-2032)
    14.2    Telecom and IT
        14.2.1    Historical Trend (2018-2023)
        14.2.2    Forecast Trend (2024-2032)
    14.3    Healthcare and Life Sciences
        14.3.1    Historical Trend (2018-2023)
        14.3.2    Forecast Trend (2024-2032)
    14.4    Government and Defence
        14.4.1    Historical Trend (2018-2023)
        14.4.2    Forecast Trend (2024-2032)
    14.5    Retail and Consumer Goods
        14.5.1    Historical Trend (2018-2023)
        14.5.2    Forecast Trend (2024-2032)
    14.6    Media and Entertainment
        14.6.1    Historical Trend (2018-2023)
        14.6.2    Forecast Trend (2024-2032)
    14.7    Others
15    Market Dynamics
    15.1    SWOT Analysis
        15.1.1    Strengths
        15.1.2    Weaknesses
        15.1.3    Opportunities
        15.1.4    Threats
    15.2    Porter’s Five Forces Analysis
        15.2.1    Supplier’s Power
        15.2.2    Buyer’s Power
        15.2.3    Threat of New Entrants
        15.2.4    Degree of Rivalry
        15.2.5    Threat of Substitutes
    15.3    Key Indicators for Demand
    15.4    Key Indicators for Price
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Microsoft Corp. 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    SAP SE 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Samsung Electronics Co., Ltd. 
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4     LG Corp. (LG CNS Co. Ltd.)    
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Amazon Web Services, Inc. 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    KT Corp. 
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    NAVER Cloud Corp. 
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Saltlux Inc. 
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    42Maru Inc. 
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Bespin Global Inc. 
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Asia Pacific Big Data Market: Key Industry Highlights, 2018 and 2032
2.    South Korea Big Data Market: Key Industry Highlights, 2018 and 2032
3.    South Korea Big Data Historical Market: Breakup by Component (USD Billion), 2018-2023
4.    South Korea Big Data Market Forecast: Breakup by Component (USD Billion), 2024-2032
5.    South Korea Big Data Historical Market: Breakup by Deployment Mode (USD Billion), 2018-2023
6.    South Korea Big Data Market Forecast: Breakup by Deployment Mode (USD Billion), 2024-2032
7.    South Korea Big Data Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
8.    South Korea Big Data Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032
9.    South Korea Big Data Historical Market: Breakup by Application (USD Billion), 2018-2023
10.    South Korea Big Data Market Forecast: Breakup by Application (USD Billion), 2024-2032
11.    South Korea Big Data Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
12.    South Korea Big Data Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
13.    South Korea Big Data Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 2.00 billion.

The market is projected to grow at a CAGR of 9.8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 4.80 billion by 2032.

The major market drivers are rapid digitalisation, the growing volume of data generated due to rising social media usage, and the growing adoption of advanced technologies among organisations.

The key trends of the market include growing usage of predictive analytics, rising trend of data observability, increased integration of DataSecOps tools by several organisations, the surge in the deployment of AI and machine learning technologies in big data, and favourable government initiatives aimed at driving technological advancements.

Various components are solution and services.

Different deployment modes are on-premises and cloud.

The key players in the market are Microsoft Corp., SAP SE, Samsung Electronics Co., Ltd., LG Corp. (LG CNS Co. Ltd.), Amazon Web Services, Inc., KT Corp., NAVER Cloud Corp., Saltlux Inc., 42Maru Inc, and Bespin Global Inc., among others.

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