South Korea Proactive Services Market Size & Outlook
South Korea proactive services market, 2018-2030 (US$M)
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South Korea proactive services market highlights
- The South Korea proactive services market generated a revenue of USD 147.9 million in 2023 and is expected to reach USD 665.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 24% from 2024 to 2030.
- In terms of segment, managed services was the largest revenue generating service in 2023.
- Technical Support is the most lucrative service segment registering the fastest growth during the forecast period.
Proactive services market data book summary
| Market revenue in 2023 | USD 147.9 million |
| Market revenue in 2030 | USD 665.4 million |
| Growth rate | 24% (CAGR from 2023 to 2030) |
| Largest segment | Managed services |
| Fastest growing segment | Technical Support |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Design & Consulting, Managed Services, Technical Support |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Genesys International Corporation, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, LivePerson Inc, Microsoft Corp, NICE Ltd ADR, Broadcom Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.0% of the global proactive services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan proactive services 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 1,028.1 million by 2030.
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Proactive Services Market Scope
Proactive Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea proactive services 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 proactive services market will help companies and investors design strategic landscapes.
Managed services was the largest segment with a revenue share of 38.13% in 2023. Horizon Databook has segmented the South Korea proactive services market based on design & consulting, managed services, technical support covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, advanced IT infrastructure has enabled high-speed connectivity, which is allowing vendors to provide cloud-based proactive services, thereby driving the growth of the market.
The high adoption rate of emerging technologies and favorable government initiatives encouraging the rollout of digital infrastructure are creating robust opportunities for proactive services in the country.
For instance, in June 2021, the government of South Korea announced the digital government strategy for 2021-2025 for data-driven public administration, and implementing smart service design & delivery.
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Target buyers of South Korea proactive services market databook
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Our clientele includes a mix of proactive services 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 proactive services market , including forecasts for subscribers. This country databook contains high-level insights into South Korea proactive services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea proactive service,s market size, by service, 2018-2030 (US$M)
South Korea Proactive Services Market Outlook Share, 2023 & 2030 (US$M)
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