South Korea Information Technology Report Q3 2012

Date: August 21, 2012
Pages: 68
US$ 1,175.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download
ID: S658C855C0EEN

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Includes 3 FREE quarterly updates

BMI View: South Korean IT spending is expected to reach US$18.7bn in 2012, up 5%, with consumer and business segment IT growth expected to moderate as its economy remains subdued throughout the year. However, South Koreans have experienced a rapid increase in per capita incomes (in US dollar terms) in recent years, and as the economy remains on a solid growth track, despite a forecast deceleration in 2012, we believe South Koreans will increasingly choose to spend on IT products due to a substantial increase in their disposable incomes. There will be a number of key drivers and growth trends including cloud computing, IT outsourcing and industry-specific software applications.

Headline Expenditure Projections Computer hardware sales: US$4.5bn in 2011 to US$4.5bn in 2012, +0% in US dollar terms. Forecast in US dollar terms is unchanged, but form factors such as tablets will provide growth areas in 2012, as well as Microsoft's Windows 8 operating system

Software sales: US$6.3bn in 2011 to US$6.6bn in 2012, +6% in US dollar terms. Forecast in US dollar terms unchanged, with the trend in the South Korean software market being towards specialised verticalspecific application packages.

IT Services sales: US$7.1bn in 2011 to US$7.6bn in 2012, +6% in US dollar terms. Forecast in US dollar terms unchanged as vendors and service providers are investing heavily in the cloud computing market.

Risk/Reward Ratings: South Korea's score was 64.5 out of 100.0. South Korea ranks fourth in our latest Asia RRR table, behind Australia, Singapore and Hong Kong, but still ahead of China, Taiwan and the Philippines. The country also benefited from a relatively high Country Structure score of 75.

Key Trends & Developments

South Korean government agencies are adopting cloud computing and The Ministry of Public Administration and Security is investing in cloud technologies for national computing resources.

The Ministry of Knowledge Economy has launched a study of how to combine green IT with cloud platforms. New cloud computing offerings, which should fuel further demand from companies to utilise this technology and drive investment in data centres.

Demand from the financial segment should also be a growth area, with financial services institutions investing in more customer-orientated strategies and streamlining complex operating environments. Growing demand for cloud computing services will also generate opportunities and investments in data centres.

IT spending in export-dependent South Korea will remain vulnerable to continued uncertainty in the global economy. We see consumer demand decelerating in 2012 because of mounting consumer debt and we have revised our forecast downwards. Corporate IT spending should also moderate, due to a weaker outlook for the export sector in 2012, and a forecast slowdown in China.
Executive Summary
SWOT Analysis
South Korea IT Sector SWOT
South Korea Political SWOT
South Korea Economic SWOT
South Korea Business Environment SWOT
Asia Pacific IT Risk/Reward Ratings
  Table: Asia Pacific IT Risk/Reward Ratings Q312
IT Markets Overview
Market Overview
Government Authority
Industry Developments
Industry Forecast
  Table: South Korea IT Industry – Historical Data And Forecasts (US$mn unless otherwise stated)
Industry Forecast Internet
  Table: South Korea Telecoms Sector – Internet – Historical Data & Forecasts
Competitive Landscape
IT Services
  Table: South Korean Broadband Market, June 2009
  Table: South Korea Broadband Access Types By Operator, June 2009
Wireline Developments
  Table: Wireline (Fixed-Line And Broadband) Developments
Macroeconomic Forecast
  Table: South Korea – Economic Activity, 2011-2016
Company Profiles
Samsung Electronics
Demographic Outlook
  Table: South Korea's Population By Age Group, 1990-2020 ('000)
  Table: South Korea's Population By Age Group, 1990-2020 (% of total)
  Table: South Korea's Key Population Ratios, 1990-2020
  Table: South Korea's Rural And Urban Population, 1990-2020
BMI Methodology
How We Generate Our Industry Forecasts
Transport Industry
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