Cloud Computing Market in Korea 2014-2018

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Apr 23, 2014, 03:00 ET

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

05. Introduction

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

Companies Mentioned: