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    South Korea Internet Of Everything Market

    ID: MRFR/ICT/58995-HCR
    200 Pages
    Aarti Dhapte
    October 2025

    South Korea Internet of Everything Market Research Report By Component (Hardware, Software/Platform, Connectivity, Services) and By End User Industry (Manufacturing, Transportation, Healthcare, Retail, Energy and Utilities, Residential, Government, BFSI, Others)-Forecast to 2035

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    South Korea Internet Of Everything Market Infographic
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    South Korea Internet Of Everything Market Summary

    As per MRFR analysis, the South Korea internet of everything market size was estimated at 28.46 USD Billion in 2024. The South Korea internet of-everything market is projected to grow from 36.69 USD Billion in 2025 to 465.0 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 28.91% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The South Korea internet of everything market is experiencing robust growth driven by technological advancements and government initiatives.

    • The largest segment in the South Korea internet of-everything market is the smart home devices sector, which continues to see increased adoption.
    • The fastest-growing segment is the industrial IoT, reflecting a shift towards automation and efficiency in manufacturing processes.
    • Government support for digital initiatives is fostering innovation and investment in the internet of-everything ecosystem.
    • Key market drivers include the rising demand for connectivity solutions and the integration of AI technologies, which are essential for enhancing operational capabilities.

    Market Size & Forecast

    2024 Market Size 28.46 (USD Billion)
    2035 Market Size 465.0 (USD Billion)

    Major Players

    Cisco Systems (US), IBM (US), General Electric (US), Intel (US), Microsoft (US), Siemens (DE), Oracle (US), SAP (DE), Huawei (CN), Qualcomm (US)

    South Korea Internet Of Everything Market Trends

    The internet of everything market in South Korea is experiencing notable growth, driven by advancements in technology and increasing connectivity. The nation is recognized for its robust digital infrastructure, which facilitates the integration of devices and systems. This interconnectedness enhances efficiency across various sectors, including healthcare, manufacturing, and transportation. As businesses and consumers alike embrace smart technologies, the demand for innovative solutions continues to rise. Furthermore, government initiatives aimed at promoting digital transformation are likely to bolster the market's expansion. In addition, South Korea's focus on research and development plays a crucial role in shaping the internet of-everything market. The country invests heavily in emerging technologies, such as artificial intelligence and big data analytics, which are essential for optimizing the performance of interconnected systems. As a result, the market is poised for further evolution, with new applications and services emerging to meet the needs of a tech-savvy population. The interplay between public and private sectors is expected to drive innovation, creating a dynamic environment for growth in the coming years.

    Increased Adoption of Smart Devices

    The trend towards smart devices is gaining momentum, as consumers and businesses increasingly recognize the benefits of connectivity. This shift is evident in various sectors, including home automation and industrial applications, where smart devices enhance operational efficiency and user experience.

    Government Support for Digital Initiatives

    Government policies are fostering an environment conducive to the growth of the internet of-everything market. Initiatives aimed at enhancing digital infrastructure and promoting innovation are likely to stimulate investment and development in this sector.

    Focus on Cybersecurity Solutions

    As the internet of-everything market expands, the need for robust cybersecurity measures becomes paramount. Organizations are prioritizing the implementation of advanced security protocols to protect sensitive data and maintain consumer trust in interconnected systems.

    South Korea Internet Of Everything Market Drivers

    Integration of AI Technologies

    The integration of artificial intelligence (AI) technologies into the internet of-everything market is transforming how devices interact and function. In South Korea, AI applications are increasingly being embedded in smart home devices, industrial automation, and healthcare systems. This integration enhances the capabilities of IoT devices, allowing for predictive analytics and improved decision-making processes. The AI market in South Korea is anticipated to reach $5 billion by 2025, with a significant portion allocated to IoT applications. As businesses recognize the potential of AI to streamline operations and enhance customer experiences, the demand for AI-driven IoT solutions is likely to escalate. This trend not only fosters innovation but also positions South Korea as a leader in the internet of-everything market, driving competitive advantages across various industries.

    Expansion of Smart Cities Initiatives

    The development of smart cities in South Korea is a significant catalyst for the internet of-everything market. Urban areas are increasingly adopting IoT technologies to enhance public services, improve transportation systems, and optimize resource management. The government has allocated substantial funding, estimated at $15 billion, to support smart city projects over the next five years. This investment aims to create interconnected urban environments that leverage data to improve quality of life. As smart city initiatives expand, the demand for IoT solutions in areas such as traffic management, waste management, and public safety is expected to rise. This trend not only fosters innovation but also positions South Korea as a pioneer in the internet of-everything market, attracting global attention and investment.

    Growing Focus on Sustainable Solutions

    Sustainability has emerged as a pivotal driver within the internet of-everything market in South Korea. As environmental concerns gain prominence, businesses and consumers alike are increasingly seeking eco-friendly solutions. The government has set ambitious targets for reducing carbon emissions, which has led to the adoption of smart energy management systems and sustainable manufacturing practices. The market for green IoT solutions is projected to grow by 25% annually, reflecting a shift towards more responsible consumption. This focus on sustainability not only aligns with global trends but also enhances the reputation of companies operating within the internet of-everything market. By prioritizing sustainable practices, businesses can attract environmentally conscious consumers and contribute to a greener future.

    Rising Demand for Connectivity Solutions

    The internet of everything market in South Korea experiences a notable surge in demand for connectivity solutions. As urbanization accelerates, the need for seamless communication between devices becomes paramount. The government has invested heavily in enhancing network infrastructure, aiming for 5G coverage across the nation. This investment is projected to reach approximately $10 billion by 2026, facilitating the integration of smart devices into everyday life. Enhanced connectivity not only supports individual consumers but also empowers businesses to optimize operations through real-time data exchange. Consequently, the proliferation of IoT devices is expected to grow by 30% annually, indicating a robust trajectory for the internet of-everything market. This trend underscores the critical role of connectivity in driving innovation and efficiency across various sectors.

    Increased Investment in Cybersecurity Measures

    As the internet of-everything market expands, the need for robust cybersecurity measures becomes increasingly critical. In South Korea, the rise in connected devices has led to heightened concerns regarding data privacy and security breaches. The government has recognized this challenge and is investing approximately $2 billion in cybersecurity initiatives to protect IoT ecosystems. This investment aims to develop advanced security protocols and frameworks that safeguard sensitive information. As businesses and consumers become more aware of cybersecurity risks, the demand for secure IoT solutions is likely to grow. This focus on cybersecurity not only enhances consumer trust but also strengthens the overall resilience of the internet of-everything market, ensuring its sustainable growth.

    Market Segment Insights

    Internet of Everything Market Component Insights

    The South Korea Internet of Everything Market, particularly its Component segment, plays a critical role in driving the overall market growth within the region. This segment encompasses various essential elements, including Hardware, Software/Platform, Connectivity, and Services, each contributing significantly to the comprehensive landscape of Internet of Everything development in South Korea.

    The Hardware component provides the physical devices essential for connecting the vast network of devices, and its significance arises from the rapid increase in smart devices and the proliferation of Internet of Things technology in industries such as automotive, manufacturing, and healthcare. The Software/Platform segment is equally vital as it enables the management, analysis, and integration of data generated by these smart devices, thereby facilitating smooth communication and functionality across a multitude of applications.

    In collaboration with Hardware, Software/Platform acts as a backbone for process automation, enhancing efficiency and precision across various industrial sectors. Connectivity forms the cornerstone of the entire Internet of Everything infrastructure, particularly in a technologically advanced nation like South Korea, where a robust telecommunications network supports rapid data transmission, making technologies such as 5G integral for real-time applications.

    Enhanced connectivity not only provides reliable data sharing among devices but also supports the development of smart cities, leading to more efficient urban management and better quality of life for inhabitants. Services encompass a range of operational and support structures that are crucial for the implementation and sustainability of Internet of Everything solutions. This includes system integration, data analytics, and after-sales support that ensure devices function optimally and adapt to evolving user needs.In South Korea, the emphasis on technological advancement and innovation acts as a catalyst for the Component segment's growth.

    The government policies promoting digitization and a significant focus on Research and Development have fostered a conducive environment for technology companies. This is complemented by strong public-private partnerships, aimed at advancing the Internet of Everything ecosystem. Transportation and logistics, healthcare, and smart home segments are adopting these components extensively, creating increased opportunities for infrastructure investments and fostering a competitive market environment.

    Internet of Everything Market End User Industry Insights

    The South Korea Internet of Everything Market is experiencing notable advancements across various end user industries, reflecting a shift towards an interconnected ecosystem. Manufacturing is increasingly integrating IoT technologies, enhancing operational efficiency and minimizing production costs through smart automation. Transportation is leveraging IoT for logistics optimization and real-time tracking, which improves supply chain visibility. The healthcare industry is utilizing IoT for remote patient monitoring and data collection, leading to improved patient outcomes and streamlined workflows.

    Retail is embracing the IoT to enhance customer experiences through personalized marketing and smart inventory management systems. Furthermore, the Energy and Utilities sector is implementing IoT solutions to enable smarter grid management and optimize resource allocation. In residential segments, smart home devices are gaining traction, promoting energy efficiency and improved comfort. Government initiatives are driving the collection of data for enhanced urban planning and public safety.

    The BFSI sector is adopting IoT for secure transactions and fraud detection, further strengthening consumer trust.Other industries are also exploring IoT applications to foster innovation. Collectively, these sectors represent significant opportunities for growth and transformation within the South Korea Internet of Everything Market, influenced by technological advancements and changing consumer behaviors.

    Get more detailed insights about South Korea Internet Of Everything Market

    Key Players and Competitive Insights

    The internet of-everything market in South Korea is characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for interconnected devices. Major players such as Cisco Systems (US), IBM (US), and Huawei (CN) are strategically positioned to leverage their technological expertise and extensive networks. Cisco Systems (US) focuses on enhancing its IoT security solutions, while IBM (US) emphasizes its AI-driven analytics capabilities to optimize operational efficiencies. Huawei (CN) is actively expanding its 5G infrastructure, which is crucial for the seamless integration of IoT devices. Collectively, these strategies foster a competitive environment that prioritizes innovation and technological integration.

    Key business tactics within this market include localizing manufacturing and optimizing supply chains to enhance responsiveness to consumer demands. The competitive structure appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for niche players to emerge, yet the collective strength of major companies shapes market dynamics significantly.

    In September 2025, Cisco Systems (US) announced a partnership with a leading South Korean telecommunications provider to enhance IoT security protocols. This collaboration aims to address growing concerns over data privacy and security in interconnected systems, indicating Cisco's commitment to establishing itself as a leader in secure IoT solutions. Such strategic moves are likely to bolster Cisco's market position and enhance customer trust.

    In October 2025, IBM (US) launched a new suite of AI-driven IoT analytics tools tailored for the manufacturing sector. This initiative is designed to improve operational efficiencies and reduce downtime through predictive maintenance. By focusing on industry-specific solutions, IBM positions itself to capture a larger share of the manufacturing market, which is increasingly reliant on IoT technologies for optimization.

    In August 2025, Huawei (CN) unveiled its latest 5G-enabled IoT platform, which aims to facilitate the integration of smart devices across various sectors, including healthcare and transportation. This development underscores Huawei's strategy to dominate the 5G landscape, which is essential for the future growth of IoT applications. The introduction of such platforms is likely to enhance connectivity and drive further adoption of IoT solutions in South Korea.

    As of November 2025, current competitive trends are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances among key players are shaping the landscape, fostering innovation and collaborative solutions. Looking ahead, competitive differentiation is expected to evolve, with a shift from price-based competition to a focus on technological innovation and supply chain reliability. Companies that prioritize these aspects are likely to gain a competitive edge in the increasingly interconnected market.

    Key Companies in the South Korea Internet Of Everything Market market include

    Industry Developments

    The South Korea Internet of Everything Market has recently seen significant developments, particularly among leading players including LG Uplus, Samsung Electronics, and SK Telecom. As of September 2023, LG Uplus has announced partnerships aimed at enhancing its smart factory solutions, reflecting a growing emphasis on automation in production processes. Additionally, Hyundai Motor and Kia Corporation are advancing their initiatives in connected vehicle technologies, with a strong focus on integrating AI and big data into their operational frameworks.

    The merger landscape notably features SK Hynix’s acquisition of a semiconductor firm in August 2023, bolstering its capabilities in the Internet of Things sector. Meanwhile, Naver Corporation has been making strides in expanding its cloud services, indicating a robust growth trajectory in this segment. In light of these developments, the market valuation for the Internet of Everything in South Korea has shown signs of expansion, driven by technological integration across various sectors.

    The government has also been promoting policies to support digital transformation and innovation, further energizing the market dynamics and positioning South Korea as a significant player in the global Internet of Everything landscape.

    Future Outlook

    South Korea Internet Of Everything Market Future Outlook

    The internet of-everything market in South Korea is projected to grow at 28.91% CAGR from 2024 to 2035, driven by advancements in connectivity, AI integration, and increased demand for smart solutions.

    New opportunities lie in:

    • Development of AI-driven predictive maintenance systems for industrial IoT applications.
    • Expansion of smart city infrastructure to enhance urban living and efficiency.
    • Creation of secure IoT platforms for data management and analytics services.

    By 2035, the market is expected to achieve substantial growth, positioning itself as a leader in technological innovation.

    Market Segmentation

    South Korea Internet Of Everything Market End-User Outlook

    • Manufacturing
    • Transportation
    • Healthcare
    • Retail
    • Energy and Utilities
    • Residential
    • Government
    • Insurance

    South Korea Internet Of Everything Market Component Type Outlook

    • Hardware
    • Software/Platform
    • Connectivity
    • Services

    Report Scope

    MARKET SIZE 2024 28.46(USD Billion)
    MARKET SIZE 2025 36.69(USD Billion)
    MARKET SIZE 2035 465.0(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 28.91% (2024 - 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 Cisco Systems (US), IBM (US), General Electric (US), Intel (US), Microsoft (US), Siemens (DE), Oracle (US), SAP (DE), Huawei (CN), Qualcomm (US)
    Segments Covered End-User, Component Type
    Key Market Opportunities Integration of advanced AI and machine learning in the internet of-everything market enhances automation and efficiency.
    Key Market Dynamics Rapid technological advancements drive competitive dynamics in the internet of-everything market, influencing consumer adoption and regulatory frameworks.
    Countries Covered South Korea

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    FAQs

    What is the expected market size of the South Korea Internet of Everything Market in 2024?

    The South Korea Internet of Everything Market is expected to be valued at 25.36 USD Billion in 2024.

    What is the projected market value for the South Korea Internet of Everything Market by 2035?

    By 2035, the market is projected to reach a value of 126.82 USD Billion.

    What is the expected CAGR for the South Korea Internet of Everything Market from 2025 to 2035?

    The expected compound annual growth rate for the South Korea Internet of Everything Market from 2025 to 2035 is 15.756%.

    Which component of the South Korea Internet of Everything Market is expected to grow significantly?

    The hardware component is projected to grow from 7.5 USD Billion in 2024 to 37.5 USD Billion by 2035.

    What are the major players operating in the South Korea Internet of Everything Market?

    Key players in the market include LG Uplus, Samsung Electronics, SK Telecom, POSCO, and Hyundai Motor among others.

    How much is the software/platform segment expected to be valued in 2035?

    The software/platform segment of the South Korea Internet of Everything Market is expected to be valued at 40.0 USD Billion in 2035.

    What is the estimated market value for the connectivity segment in 2024?

    The connectivity segment is estimated to be valued at 5.0 USD Billion in 2024.

    What are the expected growth opportunities in the South Korea Internet of Everything Market?

    The market presents growth opportunities driven by advancements in technology and increasing adoption of connected devices.

    How much is the services component projected to grow by 2035?

    The services component is expected to grow from 4.86 USD Billion in 2024 to 24.32 USD Billion by 2035.

    What impact does the current global scenario have on the South Korea Internet of Everything Market?

    Current global market dynamics are influencing investments and innovations within the South Korea Internet of Everything Market.

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