South Korea Software As A Service (saas) Market Size & Outlook
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South Korea software as a service (saas) market highlights
- The South Korea software as a service (saas) market generated a revenue of USD 3,135.5 million in 2024 and is expected to reach USD 5,619.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.4% from 2025 to 2030.
- In terms of segment, software was the largest revenue generating component in 2024.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Software as a service (saas) market data book summary
| Market revenue in 2024 | USD 3,135.5 million |
| Market revenue in 2030 | USD 5,619.9 million |
| Growth rate | 9.4% (CAGR from 2025 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Intel Corp, Broadcom Inc, Trend Micro Inc, Cisco Systems Inc, Zscaler Inc, Lookout, Radware Ltd, Adobe Inc, Microsoft Corp, Alibaba Group Holding Ltd ADR, International Business Machines Corp, Salesforce Inc, Oracle Corp, SAP SE, Rackspace Technology Inc Ordinary Shares, VMware, Atlassian Corp A, ServiceNow Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.8% of the global software as a service (saas) market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China software as a service (saas) 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 37,332.4 million by 2030.
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Software As A Service (SaaS) Market Scope
Software As A Service (SaaS) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Atlassian Corp A | View profile | 10726 | 341 George Street, Level 6, Sydney, NSW, Australia, 2000 | https://www.atlassian.com |
| Radware Ltd | View profile | 1218 | 22 Raoul Wallenberg Street, Tel Aviv, Israel, 6971917 | https://www.radware.com |
| Lookout | View profile | 501-1000 | San Francisco, California, United States, North America | http://www.lookout.com |
| Zscaler Inc | View profile | 5962 | 120 Holger Way, San Jose, CA, United States, 95134 | https://www.zscaler.com |
| Rackspace Technology Inc Ordinary Shares | View profile | 5800 | 19122 US Highway 281 North, Suite 128, San Antonio, TX, United States, 78258 | https://www.rackspace.com |
| Salesforce Inc | View profile | 72682 | 415 Mission Street, 3rd Floor, Salesforce Tower, San Francisco, CA, United States, 94105 | https://www.salesforce.com |
| ServiceNow Inc | View profile | 22668 | 2225 Lawson Lane, Santa Clara, CA, United States, 95054 | https://www.servicenow.com |
| Trend Micro Inc | View profile | 7432 | Shibuya-ku, 2-1-1 Shinjuku Maynds Tower, Yoyogi, Tokyo, Japan, 151-0053 | http://www.trendmicro.co.jp |
| VMware | View profile | 10001+ | Palo Alto, California, United States, North America | https://www.vmware.com |
| Alibaba Group Holding Ltd ADR | View profile | 204891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | https://www.alibabagroup.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Adobe Inc | View profile | 29945 | 345 Park Avenue, San Jose, CA, United States, 95110-2704 | https://www.adobe.com |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Broadcom Inc | View profile | 20000 | 3421 Hillview Avenue, Palo Alto, CA, United States, 94304 | https://www.broadcom.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 |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
South Korea software as a service (saas) 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 software as a service (saas) market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 95.93% in 2024. Horizon Databook has segmented the South Korea software as a service (saas) market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is at the forefront of the digital revolution with some of the swiftest internet speeds and one of the most significant tech-savvy residents worldwide. In 2021, the country topped Bloomberg L.P.'s Innovation Index due to intensive research and development investments and a much-lauded innovation system encouraging close collaboration between industry, government, and the academic community.
Despite its well-established prominence as a significant technology center, global players like Microsoft, Amazon, and Google monopolize more than half of the nation's Software as a Service (SaaS) market. To change this competitive scenario in South Korea, local firms are bound to compel the global expansion of the country's Software as a Service (SaaS) startup.
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Target buyers of South Korea software as a service (saas) market databook
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Our clientele includes a mix of software as a service (saas) market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea software as a service (saas) market , including forecasts for subscribers. This country databook contains high-level insights into South Korea software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea software as a service (saas) market size, by component, 2018-2030 (US$M)
South Korea Software As A Service (SaaS) Market Outlook Share, 2024 & 2030 (US$M)
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