IT Services in South Korea – Market Summary, Competitive Analysis and Forecast to 2025

IT Services 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 IT services industry is valued as the combination of the business process outsourcing (BPO) services market, the application services market and the infrastructure services market. Values include revenues generated from (a) signed deals that remain under contract and (b) new contracts signed within that particular calendar year.

– The South Korean IT services industry had total revenues of $21.5bn in 2020, representing a compound annual growth rate (CAGR) of 11.1% between 2016 and 2020.

– The infrastructure services segment was the industry's most lucrative in 2020, with total revenues of $13.9bn, equivalent to 64.8% of the industry's overall value.

– The IT services industry is highly correlated with the gross domestic product (GDP) of a country.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the IT Services market in South Korea

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the IT Services market in South Korea

– Leading company profiles reveal details of key IT Services market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the South Korea IT Services market with five year forecasts

Reasons to buy

- What was the size of the South Korea IT Services market by value in 2020?

- What will be the size of the South Korea IT Services market in 2025?

- What factors are affecting the strength of competition in the South Korea IT Services market?

- How has the market performed over the last five years?

- What are the main segments that make up South Korea's IT Services market?

Companies mentioned

Samsung SDS Co Ltd

Fujitsu Limited

Hewlett Packard Enterprise Company

International Business Machines Corporation

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market rivalry

1.6. Competitive Landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?

7.2. What strategies do the leading players follow?

7.3. What strategies do the leading players follow? (continued)

7.4. What has been the recent M&A activity?

7.5. How is the COVID-19 pandemic impacting leading players?

8 Company Profiles

8.1. Samsung SDS Co Ltd

8.2. Fujitsu Limited

8.3. Hewlett Packard Enterprise Company

8.4. International Business Machines Corporation

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: South Korea IT services industry value: $ billion, 2016-20

Table 2: South Korea IT services industry category segmentation: $ billion, 2020

Table 3: South Korea IT services industry geography segmentation: $ billion, 2020

Table 4: South Korea IT services industry value forecast: $ billion, 2020-25

Table 5: Samsung SDS Co Ltd: key facts

Table 6: Samsung SDS Co Ltd: Annual Financial Ratios

Table 7: Samsung SDS Co Ltd: Key Employees

Table 8: Fujitsu Limited: key facts

Table 9: Fujitsu Limited: Annual Financial Ratios

Table 10: Fujitsu Limited: Key Employees

Table 11: Fujitsu Limited: Key Employees Continued

Table 12: Hewlett Packard Enterprise Company: key facts

Table 13: Hewlett Packard Enterprise Company: Annual Financial Ratios

Table 14: Hewlett Packard Enterprise Company: Key Employees

Table 15: Hewlett Packard Enterprise Company: Key Employees Continued

Table 16: International Business Machines Corporation: key facts

Table 17: International Business Machines Corporation: Annual Financial Ratios

Table 18: International Business Machines Corporation: Key Employees

Table 19: International Business Machines Corporation: Key Employees Continued

Table 20: South Korea size of population (million), 2016-20

Table 21: South Korea gdp (constant 2005 prices, $ billion), 2016-20

Table 22: South Korea gdp (current prices, $ billion), 2016-20

Table 23: South Korea inflation, 2016-20

Table 24: South Korea consumer price index (absolute), 2016-20

Table 25: South Korea exchange rate, 2016-20

List of Figures

List of Figures

Figure 1: South Korea IT services industry value: $ billion, 2016-20

Figure 2: South Korea IT services industry category segmentation: % share, by value, 2020

Figure 3: South Korea IT services industry geography segmentation: % share, by value, 2020

Figure 4: South Korea IT services industry value forecast: $ billion, 2020-25

Figure 5: Forces driving competition in the IT services industry in South Korea, 2020

Figure 6: Drivers of buyer power in the IT services industry in South Korea, 2020

Figure 7: Drivers of supplier power in the IT services industry in South Korea, 2020

Figure 8: Factors influencing the likelihood of new entrants in the IT services industry in South Korea, 2020

Figure 9: Factors influencing the threat of substitutes in the IT services industry in South Korea, 2020

Figure 10: Drivers of degree of rivalry in the IT services industry in South Korea, 2020

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