Desktop as a Service - South Korea

South Korea

Revenue in the Desktop as a Service market is projected to reach US$56.06m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.59%, resulting in a market volume of US$115.70m by 2029.
The average spend per employee in the Desktop as a Service market is projected to reach US$1.87 in 2024.
In global comparison, most revenue will be generated in the United States (US$2,041.00m in 2024).

Key regions: United Kingdom, Italy, Japan, United States, Canada

Market

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Analyst Opinion

The Public Cloud Market in South Korea is witnessing average growth due to factors like increasing adoption of Desktop as a Service, rising awareness about digital health, and the convenience offered by online services. These factors are impacting the growth rate of the market.

Customer preferences: South Korea has one of the highest smartphone penetration rates in the world, with a tech-savvy population that values convenience and efficiency. This has led to a growing demand for desktop as a service solutions within the public cloud market, as individuals and businesses seek to streamline their operations and access their data and applications from anywhere. Additionally, there has been a notable increase in the adoption of remote work and virtual collaboration tools, further driving the demand for desktop as a service solutions in South Korea.

Trends in the market: In South Korea, the Desktop as a Service (DaaS) market within the Public Cloud market is experiencing a surge in demand due to the increasing adoption of remote work and digital transformation initiatives. This trend is expected to continue in the coming years, with the market projected to reach a value of $1.4 billion by 2025. This growth is significant as it reflects the shift towards cloud-based solutions and the potential for cost savings and scalability. Furthermore, the rise of mobile workforce and BYOD policies are also driving the demand for DaaS. This trend has implications for industry stakeholders, as they need to stay updated with the latest technologies and offerings to remain competitive in the market. Additionally, with the growing emphasis on data security and privacy, companies need to ensure that their DaaS solutions comply with local regulations to avoid any legal repercussions.

Local special circumstances: In South Korea, the Desktop as a Service Market within the Public Cloud Market is driven by the country's advanced technological infrastructure and tech-savvy population. The government's push for digital transformation and increasing adoption of cloud-based solutions in various industries have also contributed to the growth of the market. Additionally, the strict data privacy laws and regulations in South Korea have influenced the market dynamics, leading to a focus on secure and compliant desktop as a service solutions.

Underlying macroeconomic factors: The Desktop as a Service Market within the Public Cloud Market in South Korea is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's strong economic growth and government support for digital transformation have created a favorable environment for the adoption of cloud-based solutions. At the same time, South Korea's high-tech infrastructure and skilled workforce make it an attractive market for cloud service providers. Additionally, the increasing demand for remote work solutions and the rising trend of digitization across industries are also driving the growth of the Desktop as a Service Market in the country.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.