Tradelink-eBiz Tradelink corporate website
Members
Login ID

Password

Login
Free Membership Forgot your password?
Training Courses
Exhibitions/Seminars
What's New
eBiz-Highlights
eBiz Pulse
e-Post
BizCentral
TexWeb
CIECC
TradeAids
e-Law
Tariffs & Regulations
Trade Info Circular
TradeStat
Labour Legislation
e-Connect

Ad in eBiz

Chinese VersionHome
e-PostBizCentralTradeAids
Search eBiz

 
| Talking Point | Interviews | Success Stories | China Today | Import & Export | Legally Speaking | Regional Development |
Korea domestic IT market to grow
Despite the recent unstable economic situations, the domestic IT market in 2003 is expected to maintain 5.3% growth year-on-year.

According to 'Analysis and Outlook of Korean IT Market, 2002¡­2007' report released by IDC Korea on the 22nd, high growth in IT service and software will help to increase the growth of the domestic IT market by 5.3% year-on-year to 14.8 trillion won.

In particular, as the focus of the domestic IT market moves from hardware to IT service and software this year, IT service and software are expected to record growth of 13.5% and 5.6% respectively. In comparison, the hardware area except network equipment is expected to decrease its proportion out of the IT market by recording a growth of 1.2% this year. IDC also said that a Hardware proportion in the domestic IT market would drop to less than 50% in 2004.

In the software market that is leading the growth of the domestic IT market, SI software is expected to record a growth of 7.1% while the application area will account for 42% in the software market in terms of market volume. In particular, SI and outsourcing in the IT service area draw attention as they are expected to lead the market in terms of growth as well as market volume.

In the hardware area where growth has been sluggish, the PC market will record a meager 1% growth this year year-on-year and continues to see its proportion in the IT market decrease. As a result, the PC sector is expected to give away its first position to IT service in 2004. The large server and disk storage market will make small growth compared to last year while the printer market will record negative growth.

While demand in the network equipment market is expected to similar to that in last year, demand for edge router rather than large router is expected to drastically increase. The domestic LAN market is expected to be dependent on the spread of 10-gigabit Ethernet switch that has been recently introduced.

The outlook in 2003 by industry says that except the PC market, financial area will account for biggest portion of 21% in the domestic IT market, followed by public and education area and manufacturing at 19% and 17% respectively.

 
Seoul, April 2003

This article is courtesy of Korea Trade Network (KTNET), a member of the Pan-Asian E-Commerce Alliance. KTNET was founded in Dec. 1991 to help trading companies increase their international competitiveness by the business automation system to reduce cost and time trading businesses in Korea. To reach KTNET, please go to www.ktnet.co.kr/
enghome/index.html
.
divide
 


| Home | About Us | Site Map | Legal Notice | Privacy Policy | Help | Contact Us |
Tradelink Electronic Commerce Limited. All rights reserved.