South Korea Software As A Service (saas) Market Size & Outlook
South Korea software as a service (saas) market, 2018-2030 (US$M)
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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 2.7 million in 2023 and is expected to reach USD 5.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.3% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- 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 2023 | USD 2.7 million |
| Market revenue in 2030 | USD 5.6 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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 2023.
- 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 37.3 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 |
|---|
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 81.48% in 2023. 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, 2023 & 2030 (US$M)
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