New Market Research Report: South Korea Information Technology Report Q1 2016

We have left our forecasts for the South Korean IT market unchanged in the Q1 2016 report update. We had undertaken a negative revision in the Q4 2015 report update to reflect the weaker economic outlook and to account for the weaker sales in H115 that were reported by local retailers. Performance in the hardware market will be weakest in 2016, with fractional growth forecast due to saturation, a weaker consumption outlook and the fact some upgrade demand was brought forward to 2014. However, the outlook for the software and services segments is significantly stronger, and we expect robust growth to be maintained over the medium term due to strong demand from local enterprises, a supportive policy umbrella and the innovation capacity of local IT vendors and telecoms operators. The South Korean IT market is forecast to grow at a CAGR of 4.0% in 2015-2019 to reach a value of KRW33.3trn in 2019.

Full Report Details at
- http://www.fastmr.com/prod/1119031_south_korea_information.aspx?afid=301

Latest Updates And Industry Developments

Computer Hardware Sales: KRW12.6trn (+1.3%)

Software Sales: KRW6.57trn (+4.1%)

IT Services Sales: KRW9.55trn (+5.3%)

The South Korea Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's South Korea Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in South Korea.

Key Benefits
Benchmark BMI's independent IT Industry forecasts for South Korea to test other views - a key input for successful budgetary and strategic business planning in the Korean IT market.
Target business opportunities and risks in South Korea's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in South Korea.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the IT sector and within the broader telecommunications, political, economic and business environment.

BMI Industry Forecast

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- South Africa Information Technology Report Q1 2016
- Malaysia Information Technology Report Q1 2016
- Russia Information Technology Report Q1 2016
- Hong Kong Information Technology Report Q1 2016
- Vietnam Information Technology Report Q1 2016