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South Korea Cloud Computing Market
ID: MRFR/ICT/54001-HCR
200 Pages
February 2026
South Korea Cloud Computing Market Size, Share and Trends Analysis Report By Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service, Function as a Service), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud, Community Cloud), By End User (Small and Medium Enterprises, Large Enterprises, Government) andBy Application (Data Backup and Recovery, Application Hosting, Disaster Recovery, Big Data Analytics)- Forecast to 2035
Industry Developments
The South Korea Cloud Computing Market has seen significant developments and growth recently. In October 2023, Naver Corporation announced plans to expand its cloud services by investing in infrastructure to enhance its capabilities and compete more effectively with global players like Amazon Web Services and Google Cloud. In September 2023, Kakao also unveiled enhancements to its cloud offerings, aimed at optimizing services for businesses and boosting user engagement. Notably, in July 2023, LG CNS partnered with the government to assist small and medium-sized enterprises in adopting cloud technology, highlighting the push for digital transformation within the nation. Furthermore, Tencent Cloud has been actively increasing its footprint in South Korea, aiming to cater to local businesses and expand data center operations. Growth in market valuation has been observed across several companies, with Microsoft and AWS continuing to lead in market share. In recent years, especially in 2021, discerning trends have shown increased investment in cloud security solutions as organizations seek to mitigate risks associated with data management and protection in the cloud. These developments underscore a robust and competitive environment in the South Korean cloud landscape.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 8.22(USD Billion) |
| MARKET SIZE 2024 | 10.0(USD Billion) |
| MARKET SIZE 2035 | 30.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 10.503% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Tencent Cloud, Kakao, Alibaba Cloud, NHN, Microsoft, LG CNS, AWS, Naver, Samsung SDS, IBM, KT Corporation, DigitalOcean, Google Cloud, Oracle, SK C&C |
| SEGMENTS COVERED | Service Model, Deployment Model, End User, Application |
| KEY MARKET OPPORTUNITIES | Increased demand for hybrid cloud solutions, Growth of AI and machine learning services, Expansion of digital transformation initiatives, Rising adoption of cloud security solutions, Surge in remote work and collaboration tools |
| KEY MARKET DYNAMICS | growing adoption of hybrid cloud, increasing demand for data security, rise of AI and ML integration, government support for digital transformation, competitive pricing strategies among providers |
| COUNTRIES COVERED | South Korea |
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FAQs
What is the projected market size of the South Korea Cloud Computing Market in 2024?
The South Korea Cloud Computing Market is expected to be valued at 10.0 USD Billion in 2024.
What is the expected valuation of the South Korea Cloud Computing Market by 2035?
The market is projected to reach a valuation of 30.0 USD Billion by 2035.
What is the expected CAGR for the South Korea Cloud Computing Market from 2025 to 2035?
The expected Compound Annual Growth Rate (CAGR) for the market from 2025 to 2035 is 10.503%.
Which segment of the South Korea Cloud Computing Market holds the largest market share in 2024?
In 2024, the Software as a Service segment holds the largest market share, valued at 4.0 USD Billion.
What is the market size of the Infrastructure as a Service segment in 2035?
The Infrastructure as a Service segment is projected to be valued at 9.0 USD Billion by 2035.
Who are the major players in the South Korea Cloud Computing Market?
Key players include Tencent Cloud, Kakao, Alibaba Cloud, Microsoft, and AWS among others.
What opportunities are driving the growth of the South Korea Cloud Computing Market?
Increased demand for digital transformation and flexibility in resources are key growth drivers.
How does the Software as a Service market segment grow from 2024 to 2035?
The Software as a Service segment is anticipated to grow from 4.0 USD Billion in 2024 to 12.0 USD Billion by 2035.
What challenges does the South Korea Cloud Computing Market currently face?
Challenges include data security concerns and regulatory compliance that can hinder market growth.
What is the expected market size of the Platform as a Service segment in 2025?
The Platform as a Service segment is anticipated to grow and reach 2.5 USD Billion in 2024 and continue its growth through the forecast period.
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