South Korea Smart Government Market Size & Outlook
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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 |
|---|---|---|---|---|
| CivicPlus | View profile | 251-500 | Manhattan, Kansas, United States, North America | http://www.civicplus.com |
| Accela | View profile | 501-1000 | San Ramon, California, United States, North America | https://www.accela.com |
| Palantir Technologies Inc Ordinary Shares - Class A | View profile | 3678 | 1200 17th Street, Floor 15, Denver, CO, United States, 80202 | https://www.palantir.com |
| Salesforce Inc | View profile | 72682 | 415 Mission Street, 3rd Floor, Salesforce Tower, San Francisco, CA, United States, 94105 | https://www.salesforce.com |
| Snowflake Inc Ordinary Shares - Class A | View profile | 7004 | 106 East Babcock Street, Suite 3A, Bozeman, MT, United States, 59715 | https://www.snowflake.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Alphabet Inc Class C | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
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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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.
Partial client list
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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