South Korea Internet of Things Market Forecast Report 2020 – 2027
Posted by Shaqib on July 3rd, 2020
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.
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.
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:
Segment by Software Solution:
Segment by Services:
Segment by Platform:
Segment by Node Component:
Segments by Application:
Segment by Network Infrastructure:
Segment by Connectivity Technology:
About GMI Research
GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.
Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to helping businesses stay ahead of the curve.Also See: Things Market, South Korea, Korea Internet, Market Research, Things, South, Market
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