South Korea Operational Technology Market Size & Outlook
South Korea operational technology market, 2018-2030 (US$M)
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South Korea operational technology market highlights
- The South Korea operational technology market generated a revenue of USD 4,112.8 million in 2023 and is expected to reach USD 10,580.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.5% from 2024 to 2030.
- In terms of segment, computer numerical control was the largest revenue generating component in 2023.
- Building Management System is the most lucrative component segment registering the fastest growth during the forecast period.
Operational technology market data book summary
| Market revenue in 2023 | USD 4,112.8 million |
| Market revenue in 2030 | USD 10,580.0 million |
| Growth rate | 14.5% (CAGR from 2023 to 2030) |
| Largest segment | Computer numerical control |
| Fastest growing segment | Building Management System |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Supervisory Control and Data Acquisition, Distributed Control System, Manufacturing Execution System Market, Functional Safety, Building Management System, Plant Asset Management, Variable Frequency Drives, Computer Numerical Control |
| Key market players worldwide | ABB Ltd, Emerson Electric Co, GE Aerospace, Hitachi Ltd, Honeywell International Inc, International Business Machines Corp, OMRON Corp, Rockwell Automation Inc, Siemens AG, Schneider Electric SE |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global operational technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China operational technology 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 12,503.6 million by 2030.
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Operational Technology Market Scope
Operational Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea operational technology 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 operational technology market will help companies and investors design strategic landscapes.
Computer numerical control was the largest segment with a revenue share of 34.21% in 2023. Horizon Databook has segmented the South Korea operational technology market based on supervisory control and data acquisition, distributed control system, manufacturing execution system market, functional safety, building management system, plant asset management, variable frequency drives, computer numerical control covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea's growth in operational technology is propelled by initiatives such as the Manufacturing Innovation 3.0 program, highlighting the important role of operational technology in advanced manufacturing and automation. South Korea's adoption of Industry 4.0 principles in electronics and automotive signifies a strong focus on data-driven decision-making and operational efficiency.
Prominent industry players such as Samsung Electronics Co., Ltd. and the Korean Electric Power Corporation represent successful operational technology integration in production lines and smart grid management.
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Target buyers of South Korea operational technology market databook
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Our clientele includes a mix of operational technology 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 operational technology market, including forecasts for subscribers. This country databook contains high-level insights into South Korea operational technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea operational technology market report size, by component, 2018-2030 (US$M)
South Korea Operational Technology Market Share, 2023 & 2030 (US$M)
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