South Korea Iot Platform Market Size & Outlook, 2024-2030
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South Korea iot platform market highlights
- The South Korea iot platform market generated a revenue of USD 577.3 million in 2024 and is expected to reach USD 1,499.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16.4% from 2025 to 2030.
- In terms of segment, platform was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Iot platform market data book summary
| Market revenue in 2024 | USD 577.3 million |
| Market revenue in 2030 | USD 1,499.9 million |
| Growth rate | 16.4% (CAGR from 2025 to 2030) |
| Largest segment | Platform |
| Fastest growing segment | Services |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platform, Services |
| Key market players worldwide | Microsoft Corp, Amazon Web Services, Google, Siemens AG, International Business Machines Corp, Cisco Systems Inc, Oracle Corp, PTC Inc, SAP SE ADR, Intel Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.4% of the global iot platform market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China iot platform 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 1,327.5 million by 2030.
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IoT Platform Market Scope
IoT Platform Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Amazon Web Services | View profile | 10001+ | Seattle, Washington, United States, North America | http://aws.amazon.com |
| View profile | 10001+ | Mountain View, California, United States, North America | https://www.google.com | |
| PTC Inc | View profile | 7231 | 121 Seaport Boulevard, Boston, MA, United States, 02210 | https://www.ptc.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| SAP SE ADR | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
South Korea iot platform 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 iot platform market will help companies and investors design strategic landscapes.
Platform was the largest segment with a revenue share of 78.26% in 2024. Horizon Databook has segmented the South Korea iot platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea iot platform market databook
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Our clientele includes a mix of iot platform market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea iot platform market , including forecasts for subscribers. This country databook contains high-level insights into South Korea iot platform market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea iot platform market size, by professional services, 2018-2030 (US$M)
South Korea IoT Platform Market Outlook Share, 2024 & 2030 (US$M)
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