DUBLIN, April 23, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4htwp4/cloud_computing) has announced the addition of the "Cloud Computing Market in Korea 2014-2018" report to their offering.
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The analysts forecast the Cloud Computing market in Korea to grow at a CAGR of 22.16 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in government initiatives to develop cloud computing facilities in the country. The Cloud Computing market in Korea has also been witnessing the increased demand for private cloud computing. However, the increasing concerns regarding data security could pose a challenge to the growth of this market.
The report, the Cloud Computing Market in Korea 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on Korea; it also covers the Cloud Computing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
There is a huge demand for private cloud computing among government agencies and large enterprises in Korea. Government agencies in Korea are concerned about data security and are therefore looking to adopt more of private cloud rather than public. Private cloud infrastructure is dedicated to a single organization and assures a high level of security as it cannot be accessed by other companies in the same data center.
Large enterprises in Korea are adopting a private cloud to have a greater control of their data. In case of the public cloud, third-party providers are in charge of the data systems. However, in a private cloud, organizations can themselves maintain and monitor the data systems, which allow them a complete oversight of their data.
According to the report, although there are many factors driving the growth of the Cloud Computing market in Korea, one of the main drivers is the increase in government initiatives to create cloud computing infrastructure in the country. This is mainly to improve performance and reduce the cost of IT of Korean businesses.
The government plans to continue investing over the next few years and aims to contribute 10 percent of the Global Cloud Computing market by 2014. The government is not only making the environment favorable for multinational cloud vendors but is also trying to attract local players into the market.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Public Cloud Market in Korea
08. Private Cloud Market in Korea
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
- Amazon Web Services Inc.
- Computer Sciences Corp.
- Google Inc.
- IBM Corp.
- KT Corp.
- LG CNS
- LG Uplus Corp.
- Microsoft Corp.
- SK Telecom Co. Ltd.
- Samsung SDS Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/4htwp4/cloud_computing
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets