The total addressable market size of servers in South Korea, in terms of enterprise spending opportunity, is poised to grow at a compound annual growth rate (CAGR) of 5% between 2020 and 2025.
This is driven by the acceleration in Digital Transformation initiatives among enterprises in the country, and the subsequent rise in their demand for high computing power, says GlobalData, a leading data and analytics company.
Its report GlobalData Market Opportunity Forecasts to 2025: ICT in South Korea reveals that rising adoption of disruptive technologies like Artificial Intelligence, IoT and Big Data as a part of Digital Transformation efforts to improve operational efficiencies, enhance services and gain competitive advantage, is also encouraging enterprises to upgrade their technology infrastructure, including servers to support such workloads.
Saurabh Daga, Technology Analyst at GlobalData, said: “Several enterprises in the country are accelerating their remote working, online service, cloud computing and e-commerce strategies to emerge stronger from the COVID-19 inflicted disruptions and are hence upgrading their compute and storage infrastructure to support these implementations. This will help enterprise server spending in South Korea to grow from US$1 billion in 2020 to US$1.3 billion in 2025.”
KT Corp, for instance, launched a new Internet data center in southwestern Seoul in May 2021.Click below to share this article