South Korea Internet Of Things (iot) In Retail Market Size & Outlook
South Korea internet of things (iot) in retail market, 2018-2030 (US$B)
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South Korea internet of things (iot) in retail market highlights
- The South Korea internet of things (iot) in retail market generated a revenue of USD 1.6 billion in 2023 and is expected to reach USD 11.1 billion by 2030.
- The South Korea market is expected to grow at a CAGR of 31.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Platform is the most lucrative component segment registering the fastest growth during the forecast period.
Internet of things (iot) in retail market data book summary
| Market revenue in 2023 | USD 1.6 billion |
| Market revenue in 2030 | USD 11.1 billion |
| Growth rate | 31.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Platform |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Platform, Services |
| Key market players worldwide | Cisco Systems Inc, International Business Machines Corp, Intel Corp, SAP SE, ARM Holdings PLC ADR, SoftBank Group Corp, Alphabet Inc Class A, Microsoft Corp, NXP Semiconductors NV, PTC, Aviva PLC, Avnet Inc, Verizon Communications Inc, Zebra Technologies Corp Class A |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.2% of the global internet of things (iot) in retail market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China internet of things (iot) in retail 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 13.6 billion by 2030.
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Internet Of Things (IoT) In Retail Market Scope
Internet Of Things (IoT) In Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea internet of things (iot) in retail 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 internet of things (iot) in retail market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 43.75% in 2023. Horizon Databook has segmented the South Korea internet of things (iot) in retail market based on hardware, platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
Rising disposable incomes, expansion of international retail chains, favorable retail policies, and a growing e-commerce sector are also expected to contribute to the growth of the retail industry in South Korea.
This, in turn, is stimulating the demand for IoT solutions that play a significant role in delivering enhanced and more personalized experiences to customers, creating significant opportunities for market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea internet of things (iot) in retail market , including forecasts for subscribers. This country databook contains high-level insights into South Korea internet of things (iot) in retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea internet of things (iot) in retail market size, by component, 2018-2030 (US$B)
South Korea Internet Of Things (IoT) In Retail Market Outlook Share, 2023 & 2030 (US$B)
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