South Korea Smart Government Market Size & Outlook
South Korea smart government market, 2018-2030 (US$M)
Related Markets
South Korea smart government market highlights
- The South Korea smart government market generated a revenue of USD 966.1 million in 2023 and is expected to reach USD 3,048.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 17.8% from 2024 to 2030.
- In terms of segment, professional services was the largest revenue generating services in 2023.
- Managed Services is the most lucrative services segment registering the fastest growth during the forecast period.
Smart government market data book summary
| Market revenue in 2023 | USD 966.1 million |
| Market revenue in 2030 | USD 3,048.1 million |
| Growth rate | 17.8% (CAGR from 2023 to 2030) |
| Largest segment | Professional services |
| Fastest growing segment | Managed Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Professional Services, Managed Services |
| Key market players worldwide | Amazon.com Inc, Alphabet Inc Class C, International Business Machines Corp, Microsoft Corp, Oracle Corp, Palantir Technologies Inc Ordinary Shares - Class A, Salesforce Inc, Snowflake Inc Ordinary Shares - Class A, Accela, CivicPlus |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.8% of the global smart government market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart government 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 5,017.7 million by 2030.
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Smart Government Market Scope
Smart Government Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea smart government 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 smart government market will help companies and investors design strategic landscapes.
Professional services was the largest segment with a revenue share of 63.73% in 2023. Horizon Databook has segmented the South Korea smart government market based on professional services, managed services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea smart government market databook
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Our clientele includes a mix of smart government 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 smart government market , including forecasts for subscribers. This country databook contains high-level insights into South Korea smart government market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea smart government market size, by services, 2018-2030 (US$M)
South Korea Smart Government Market Outlook Share, 2023 & 2030 (US$M)
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