South Korea Cloud Computing Market Size & Outlook

The cloud computing market in South Korea is expected to reach a projected revenue of US$ 31,024.7 million by 2030. A compound annual growth rate of 24.3% is expected of South Korea cloud computing market from 2025 to 2030.
Revenue, 2024 (US$M)
$8,069.1
Forecast, 2030 (US$M)
$31,024.7
CAGR, 2025 - 2030
24.3%
Report Coverage
South Korea

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South Korea cloud computing market, 2018-2030 (US$M)

South Korea cloud computing market, 2018-2030 (US$M)

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South Korea cloud computing market highlights

  • The South Korea cloud computing market generated a revenue of USD 8,069.1 million in 2024 and is expected to reach USD 31,024.7 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 24.3% from 2025 to 2030.
  • In terms of segment, software as a service (saas) was the largest revenue generating service in 2024.
  • Infrastructure as a Service (IaaS) is the most lucrative service segment registering the fastest growth during the forecast period.


Cloud computing market data book summary

Market revenue in 2024USD 8,069.1 million
Market revenue in 2030USD 31,024.7 million
Growth rate24.3% (CAGR from 2025 to 2030)
Largest segmentSoftware as a service (saas)
Fastest growing segmentInfrastructure as a Service (IaaS)
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInfrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)
Key market players worldwideAlibaba Group Holding Ltd ADR, Amazon.com Inc, DigitalOcean Holdings Inc, Alphabet Inc Class A, GigaCloud Technology Inc Class A, International Business Machines Corp, Microsoft Corp, Oracle Corp, Rackspace Technology Inc Ordinary Shares, Salesforce Inc, Tencent Holdings Ltd ADR, The Descartes Systems Group Inc


Other key industry trends

  • In terms of revenue, South Korea accounted for 1.1% of the global cloud computing market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China cloud computing market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 76,385.7 million by 2030.

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Cloud Computing Market Companies

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South Korea cloud computing market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cloud computing market will help companies and investors design strategic landscapes.


Software as a service (saas) was the largest segment with a revenue share of 69.77% in 2024. Horizon Databook has segmented the South Korea cloud computing market based on infrastructure as a service (iaas), platform as a service (paas), software as a service (saas) covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea cloud computing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea Service - Cloud Computing Market size, 2024 - 2030 (US$M)

South Korea Cloud Computing Market Outlook Share, 2024 & 2030 (US$M)

South Korea Service - Cloud Computing Market size, 2024 - 2030 (US$M)

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