July 25, 2020

South Korea Internet of Things Market: Opportunities and Forecast Assessment, 2020-2027

This detailed market study covers South Korea Internet of Things market growth opportunities and competitive scenarios, which can assist the stakeholders in understanding market trends and prospects in the South Korea Internet of Things market. The market report focuses on data from a combination of primary and secondary sources and analyses the information using numerous tools. The research report also offers a detailed analysis of each segment in the South Korea Internet of Things market and evaluates the impact of COVID-19 outbreak on the industry.

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South Korea Internet of Things Market Competitive Rivalry

The market report includes an analysis of the competitive landscape present in the industry. It consists of an assessment of the existing and ongoing trends that players can invest in. The notable players in the South Korea Internet of Things market are Hewlett Packard Enterprise, IBM Corporation, Microsoft Corporation, Intel Corporation, Qualcomm Technologies, Inc., Cisco Systems, General Electric Company, Samsung Electronics Co., Ltd., PTC Inc., and SAP SE, among others.

South Korea Internet of Things Market Drivers

The key drivers contributing to the growth of the South Korea internet of things market include the increasing integration of the internet of things in smart cities, smart homes, and smart cars, followed by the rising willingness of the population for the adoption of the new technologies and to purchase related devices. The enhanced ICT infrastructure, tech-friendly people, innovative, and diverse setups, and the accelerating adoption of the internet of things services in safety, facility management, and the environment-related technology will further surge the demand of the market over the coming years. Additionally, the growing sales of wearable devices and smart terminals, which include modules and sensors, facility monitoring, remote meter reading, and biometric recognition systems is a factor that is responsible for the expansion of the South Korea internet of things market size.

The increasing number of government efforts and support for the internet of things through South Korea Information and Communication Technology (K-ICT) strategy and the strong demand for non-licensed low power, long-distance band to interconnect objects of the remote areas, and the development of several infrastructures such as Giga-internet, 5G, and IPv6 to enable the internet of things will further pave the way for the growth of the market. According to the South Korea internet of things market report, the increasing penetration of the internet and the rising adoption of smartphones across the country is boosting the growth of the market for the internet of things.

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South Korea Internet of Things Market Segmentation

The chapter of segmentation provides the readers with an overview of the South Korea Internet of Things market, such as its products, applications, and other relevant factors of the industry. Understanding the market segments helps in identifying the importance of different factors that surges market growth over the forecast period (2020-2027).

Segment by Component:

  • Software Solution
  • Services
  • Platform

Segment by Software Solution:

  • Data Management
    • Product Data
    • Location Data
    • Customer Data
    • Supplier Data
    • Asset Data
  • Real Time Streaming Analytics
  • Remote Monitoring
  • Security Solution
    • Data Encryption and Tokenization
    • Distributed Denial of Service Protection
    • Identity Access Management
    • Secure Communications
    • Others
  • Network bandwidth management
    • Bundled Network Management
    • Standalone Network Management

Segment by Services:

  • Professional service
    • Support and Maintenance
    • Deployment and Integration
    • Consulting Service
  • Managed Service

Segment by Platform:

  • Device Management
  • Cloud Platform
  • Network Management
  • Application Management

Segment by Node Component:

  • Sensor
    • Inertial Measurement Unit
    • Accelerometer
    • Pressure Sensor
    • Image Sensor
    • Others
  • Processor
    • Microprocessor
    • Microcontroller
    • Application Processor
    • Digital Signal Processor
  • Connectivity IC
    • Wireless
    • Wired
    • Logic Device
    • Memory Device

Segments by Application:

  • Smart Manufacturing
  • Building & Automation
  • Connected Logistics
  • Smart Energy & Utilities
  • Agriculture
  • Smart Mobility & Transportation
  • Government and Defense
  • Smart Retail
  • Connected Healthcare
  • Others

Segment by Network Infrastructure:

  • Storage
  • Server
  • Ethernet Switch & Routing
  • Gateway

Segment by Connectivity Technology:

  • Bluetooth Low Energy (BLE)
  • Wi-fi
  • Near Field Communication
  • Cellular
  • Satellite
  • Others