South Korea Infrastructure Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


South Korea Infrastructure Market Analysis:

The current year has witnessed South Korea’s infrastructure market reaching a substantial value of USD 55.4 billion. This market is projected to experience a steady growth rate of over 3.5% during the forecast period. The driving force behind this growth is the significant investments being made in the country’s transportation infrastructure, fueled by the manufacturing and allied industries. Additionally, the market is being propelled by IT-enabled industries that are seeking advanced infrastructure solutions in the country.

South Korea presents an attractive market for US firms aiming to test their cybersecurity solutions before expanding into other markets. This is due to the country’s leadership in high-speed internet usage and its advanced ICT infrastructure. While companies specializing in sophisticated and innovative products for critical infrastructure are more likely to thrive, there are also opportunities for companies offering cybersecurity consulting and training services. Overall, the Korean market values the quality and reliability of American products, and the demand for such goods is expected to remain strong. South Korea is actively developing its AI capabilities and has expressed its ambition to become a global leader in AI technology markets. Government officials in the Republic of Korea recognize AI as a crucial component of the country’s ICT strength and are dedicated to establishing Korea as an AI powerhouse.

The growth of the VDI (Virtual Desktop Infrastructure) market in South Korea is driven by several key factors, one of which is the increasing need for remote support across various organizations. As internet speeds continue to improve, there is a growing demand for cost-effective solutions that can optimize various business operations. Remote support software solutions are particularly beneficial for businesses focused on resolving end-user technical issues. Today, a significant number of consumers rely on solutions that offer battery optimization, firmware support, and malware detection. This trend further contributes to the expansion of the VDI market in South Korea.

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