South Korea Unified Communications Market Size & Outlook

The unified communications market in South Korea is expected to reach a projected revenue of US$ 1,788.6 million by 2030. A compound annual growth rate of 15.5% is expected of South Korea unified communications market from 2024 to 2030.

Revenue, 2023 (US$M)
$653.5
Forecast, 2030 (US$M)
$1,788.6
CAGR, 2024 - 2030
15.5%
Report Coverage
South Korea

South Korea unified communications market highlights

  • The South Korea unified communications market generated a revenue of USD 653.5 million in 2023 and is expected to reach USD 1,788.6 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 15.5% from 2024 to 2030.
  • In terms of segment, on-premise was the largest revenue generating deployment mode in 2023.
  • Hosted is the most lucrative deployment mode segment registering the fastest growth during the forecast period.


Unified communications market data book summary

Market revenue in 2023USD 653.5 million
Market revenue in 2030USD 1,788.6 million
Growth rate15.5% (CAGR from 2023 to 2030)
Largest segmentOn-premise
Fastest growing segmentHosted
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHosted, On-premise
Key market players worldwideAlcatel-Lucent Enterprise, Avaya, Cisco Systems Inc, Microsoft Corp, Mitel Networks Corporation, NEC Corp, Poly, Unifi Inc, Verizon Communications Inc, Tata Communications, International Business Machines Corp


Other key industry trends

  • In terms of revenue, South Korea accounted for 0.5% of the global unified communications market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China unified communications 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 35,781.6 million by 2030.

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Unified Communications Market Companies

Name Profile # Employees HQ Website

South Korea unified communications 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 unified communications market will help companies and investors design strategic landscapes.


On-premise was the largest segment with a revenue share of 75.81% in 2023. Horizon Databook has segmented the South Korea unified communications market based on hosted, on-premise covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Korea unified communications market databook

  • Our clientele includes a mix of unified communications market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 unified communications market , including forecasts for subscribers. This country databook contains high-level insights into South Korea unified communications market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea unified communications market size, by deployment mode, 2018-2030 (US$M)

South Korea Unified Communications Market Outlook Share, 2023 & 2030 (US$M)

South Korea unified communications market size, by deployment mode, 2018-2030 (US$M)

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