BMI View: South Korea’s IT market is highly developed, with widespread use of IT products and solutions by consumers, public authorities and enterprises. Despite the maturity of the market, we forecast strong growth in 2013, and over our five-year forecast to 2017. We expect the market to expand at a compound annual growth rate (CAGR) of 7.2% over 2013 to 2017, increasing slightly as a share of GDP. Key factors underpinning this positive outlook include: a favourable policy environment that is promoting emerging technologies such as cloud computing, machine-to-machine (or smart) infrastructure, and Big Data. In addition, consumers have demonstrated …
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