South Korea Smart Government Market Size & Outlook
The smart government market in South Korea is expected to reach a projected revenue of US$ 3,048.1 million by 2030. A compound annual growth rate of 17.8% is expected of South Korea smart government market from 2024 to 2030.
Revenue, 2023 (US$M)
$966.1
Forecast, 2030 (US$M)
$3,048.1
CAGR, 2024 - 2030
17.8%
Report Coverage
South Korea
South Korea Smart Government Market, 2018-2030 (US$M)
Global Market
Related Markets
South Korea smart government market highlights
- The South Korea smart government market generated a revenue of USD 966.1 million in 2023 and is expected to reach USD 3,048.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 17.8% from 2024 to 2030.
- In terms of segment, professional services was the largest revenue generating services in 2023.
- Managed Services is the most lucrative services segment registering the fastest growth during the forecast period.
Smart government market data book summary
| Market revenue in 2023 | USD 966.1 million |
| Market revenue in 2030 | USD 3,048.1 million |
| Growth rate | 17.8% (CAGR from 2023 to 2030) |
| Largest segment | Professional services |
| Fastest growing segment | Managed Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Professional Services, Managed Services |
| Key market players worldwide | Amazon.com Inc, Alphabet Inc Class C, International Business Machines Corp, Microsoft Corp, Oracle Corp, Palantir Technologies Inc Ordinary Shares - Class A, Salesforce Inc, Snowflake Inc Ordinary Shares - Class A, Accela, CivicPlus |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.8% of the global smart government market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart government market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,017.7 million by 2030.
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Smart Government Market Scope
Smart Government Market segmentation & scope
Others
Smart Government Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Amazon.com Inc | View profile | 1,525,000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | www.amazon.com |
| Oracle Corp | View profile | 164,000 | 2300 Oracle Way, Austin, TX, United States, 78741 | www.oracle.com |
| Alphabet Inc Class C | View profile | 180,895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | www.abc.xyz |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| Snowflake Inc Ordinary Shares - Class A | View profile | 7,004 | 106 East Babcock Street, Suite 3A, Bozeman, MT, United States, 59715 | www.snowflake.com |
| Salesforce Inc | View profile | 72,682 | 415 Mission Street, 3rd Floor, Salesforce Tower, San Francisco, CA, United States, 94105 | www.salesforce.com |
| Palantir Technologies Inc Ordinary Shares - Class A | View profile | 3,678 | 1200 17th Street, Floor 15, Denver, CO, United States, 80202 | www.palantir.com |
| Accela | View profile | 501-1000 | San Ramon, California, United States, North America | www.accela.com |
| CivicPlus | View profile | 251-500 | Manhattan, Kansas, United States, North America | www.civicplus.com |
South Korea Smart Government 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 Smart Government Market Outlook will help companies and investors design strategic landscapes.
Professional Services was the largest segment with a revenue share of 63.73% in 2023.
Horizon Databook has segmented the South Korea smart government market based on professional services, managed services covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Smart Government Market Services Outlook (Revenue, USD Million , 2018-2030)
- Professional Services
- Managed Services
- South Korea Smart Government Market Solutions Outlook (Revenue, USD Million , 2018-2030)
- Analytics
- Security
- Government Resource Planning System
- Remote Monitoring
- Network Management
- Others
- South Korea Smart Government Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- On-Premise
- Cloud
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Smart Government Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Smart Government Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Smart Government Market, 2018-2030 (US$M)
South Korea smart government market statistics, by services, 2018-2030 (US$M)
