New Computer Technology research report from Business Monitor International is now available from Fast Market Research

Boston, MA -- (SBWire) -- 06/07/2013 --South Korean IT spending is expected to reach KWD21,930bn in 2013, up 6.6% from 2013. South Koreans already enjoy per capita incomes that are high by regional comparison, and strong economic growth is forecast to return after a slowdown in 2012. This will sustain IT market growth for the duration of our forecast period to 2017. In addition to a strong macroeconomic backdrop, we believe South Koreans will increasingly choose to spend on IT products as multiple PC households become more common. Demand for tablets and notebook hybrids will be popular as price competition deepens the market. There will be a number of key drivers and growth trends in the enterprise market, including cloud computing, IT outsourcing and industry-specific software applications.

View Full Report Details and Table of Contents

Headline Expenditure Predictions

- Computer Hardware Sales: KWD5,144bn in 2012 to KWD5,423bn in 2013, +5.4% in local currency terms. Tablets will see strong growth in 2013, as well as other form factors including hybrids, as the launch of the Windows 8 operating system introduces touch functionality to a wide range of vendors.
- Software Sales: KWD7,121bn in 2012 to KWD7,490bn in 2013, +5.2% in local currency terms. Trend in the South Korean software market is towards specialised vertical-specific application packages.
- IT Services Sales: KWD8,301bn in 2012 to KWD9,016bn in 2013, +8.6% in local currency terms. Cloud computing is expected to gain more traction in 2013, both among large enterprises and SMEs.

Risk/Reward Ratings: South Korea sits in fourth position in our Asia-Pacific ratings table with a score of 65.2. It sits below Singapore, Australia and Hong Kong, but ahead of Malaysia and China.

Key Trends And Developments

The improved performance of the South Korean economy is expected to be the key catalyst for faster growth of the IT market in 2013. However, there is downside risk to this outlook due to the derailing of the global economic recovery. IT spending in export-dependent South Korea remains vulnerable to uncertainty in the global economy and a hard landing in China or a shift in market sentiment around the eurozone crisis, and specifically Spain's refinancing requirements in 2013, could have a knock-on effect.

About Fast Market Research
Fast Market Research is an online aggregator and 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 will 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.

Browse all Computer Technology research reports at Fast Market Research

You may also be interested in these related reports:

- South Africa Information Technology Report Q3 2013
- Singapore Information Technology Report Q2 2013
- Egypt Information Technology Report Q2 2013
- Hong Kong Information Technology Report Q2 2013
- Mexico Information Technology Report Q3 2013
- Brazil Information Technology Report Q2 2013
- France Information Technology Report Q2 2013
- Germany Information Technology Report Q2 2013
- China Information Technology Report Q2 2013
- Hungary Information Technology Report Q3 2013