
South Korean Smart Cities Market Size By Solution and Service (Smart Mobility Management, Smart Public Safety, Smart Healthcare, Smart Building, Smart Utilities, Others) Component (Hardware, Software, Service) Level (Emerging Smart Cities, Developing Smart Cities, Mature Smart Cities) End-user (Government & Municipalities, Transportation & Logistics, Energy & Utilities, Healthcare, Education, Others) and Country Market Analysis and Forecast, 2023-2030
South Korea Smart Cities are Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.
South Korea has been actively engaged in the development of smart cities as part of the plan to promote the construction of a smart city. These smart cities use technology and data to improve urban life, sustainability, and efficiency. With a strong digital infrastructure and widespread access to technology, South Korea has built a strong foundation for smart city initiatives.
"Samsung SDS (Seoul), SK Telecom (Seoul), LG CNS (Seoul), KT Corporation (Seongnam), Hyundai E&C (Seoul), POSCO ICT (Seoul), CJ OliveNetworks (Seoul), GS Engineering & Construction (Seoul), Hanwha S&C (Seoul), Lotte Data Communication Company (Seoul), Naver Corporation (Seongnam), KISTI (Korea Institute of Science and Technology Information) (Daejeon), Kolon Global Corporation (Seoul), KTNET (Seoul), Namyang Novitech (Seoul), Hancom MDS (Seoul), Shinhan Data Systems (Seoul), KOSA (Korea Smart Authentication Corporation) (Seoul), Daou Technology Inc. (Seoul), IS Dongseo (Seoul), and Other Major Players"
According to the Graph, the revenue growth in the Smart Finance Market in South Korea, as indicated by the increasing values from 2019 to 2022, reflects a positive trend in the country's smart city market. Smart finance solutions play a vital role in smart cities, as they enable seamless and efficient financial transactions and services for residents and businesses.
As smart cities strive for technological advancement and enhanced urban living experiences, smart finance solutions have emerged as a critical enabler. By providing convenient and secure financial services to citizens, businesses, and the government, smart finance solutions contribute to the overall progress and success of South Korea's smart city market.
Smart Cities market segments cover the Solution and Service, Component, Level, and End-user. By Solution and Service, the Smart Building segment is Anticipated to Dominate the Market Over the Forecast Period.
In June 2023, Samsung announced its ViewFinity S9 external monitor is available to pre-order in South Korea, and will be launched in the country on July 3. The monitor is priced at 1.7 million won, which is equivalent to approximately USD 1,300.
In March 2023, SK Telecom, one of South Korea’s biggest carriers, planned to fully launch its artificial intelligence chatbot but is looking at a very different product from ChatGPT, an executive working on the project told CNBC.
South Korea Smart Cities Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD XXX Bn. |
Forecast Period 2023-30 CAGR: |
XXX% |
Market Size in 2030: |
USD XXX Bn. |
Segments Covered: |
By Solution and Service |
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By Component |
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By Level |
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By End-user |
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South Korea Smart Cities Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD XXX Bn. |
Forecast Period 2023-30 CAGR: |
XXX% |
Market Size in 2030: |
USD XXX Bn. |
Segments Covered: |
By Solution and Service |
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By Component |
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By Level |
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By End-user |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the Report: |
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1. INTRODUCTION
1.1. RESEARCH OBJECTIVES
1.2. RESEARCH METHODOLOGY
1.3. RESEARCH PROCESS
1.4. SCOPE AND COVERAGE
1.4.1. Market Definition
1.4.2. Key Questions Answered
1.5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
5.1. PORTER’S FIVE FORCES ANALYSIS
5.1.1. Bargaining Power Of Supplier
5.1.2. Threat Of New Entrants
5.1.3. Threat Of Substitutes
5.1.4. Competitive Rivalry
5.1.5. Bargaining Power Among Buyers
5.2. INDUSTRY VALUE CHAIN
The forecast period in the South Korea Smart Cities Market research report is 2023-2030.
Samsung SDS (Seoul), SK Telecom (Seoul), LG CNS (Seoul), KT Corporation (Seongnam), Hyundai E&C (Seoul), POSCO ICT (Seoul), CJ OliveNetworks (Seoul), GS Engineering & Construction (Seoul), Hanwha S&C (Seoul), Lotte Data Communication Company (Seoul), Naver Corporation (Seongnam), KISTI (Korea Institute of Science and Technology Information) (Daejeon), Kolon Global Corporation (Seoul), KTNET (Seoul), Namyang Novitech (Seoul), Hancom MDS (Seoul), Shinhan Data Systems (Seoul), KOSA (Korea Smart Authentication Corporation) (Seoul), Daou Technology Inc. (Seoul), IS Dongseo (Seoul), and Other Major Players
The South Korea Smart Cities Market is segmented into the Solution and Service, Component, Level, End-user, and Region. By Solution and Service, the market is categorized into Smart Mobility Management, Smart Public Safety, Smart Healthcare, Smart Building, Smart Utilities, Others. By Component, the market is categorized into Hardware, Software, Service. By Level, the market is categorized into emerging Smart Cities, Developing Smart Cities, Mature Smart Cities. By End-user, the market is categorized into Government & Municipalities, Transportation & Logistics, Energy & Utilities, Healthcare, Education, Others
South Korea has been actively engaged in the development of smart cities as part of the plan to promote the construction of a smart city. These smart cities use technology and data to improve urban life, sustainability, and efficiency. With a strong digital infrastructure and widespread access to technology, South Korea has built a strong foundation for smart city initiatives.
South Korea Smart Cities Market is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.