ICT investment trends in South Korea; Enterprise ICT spending patterns through to the end of 2017

Korean enterprises have been always fond of ICT innovations, therefore not surprisingly they are embracing various ICT domains to improve their internal processes. While investments in hardware, software, and IT services continue to gain prominence, enterprises in the country are also looking to invest in advanced technology domains that can enable them to achieve differentiation in the competitive global marketplace.

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Key Findings
- Kable expects ICT expenditure in South Korea to witness a considerable growth, as X% of Korean enterprises are planning a significant or slight increase in their overall ICT budgets in 2016, witnessing an increase of X% compared to 2015

- The adoption of on-demand software as a service (SaaS) and platform as a service (PaaS) is also gaining traction in South Korea, with enterprises of all sizes opting for on-demand software solutions, whereby software applications are hosted in the third-party data centers

Synopsis
ICT investment trends in South Korea presents the findings from a survey of 95 Korean enterprises regarding their Information and Communications Technology (ICT) investment trends. The survey investigates how Korean enterprises currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting. The report illustrates the core technologies that enterprises are investing in, including business intelligence, mobility management, green IT and virtualization, and internet of things (IoT). The survey also highlights the approach to purchasing technology adopted by enterprises in South Korea. Through Kable's survey, the report aims to provide a better insight to ICT vendors and service providers when pitching their solutions to enterprises in South Korea.

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In particular, it provides an in-depth analysis of the following:

- How ICT budgets are set to change in 2016 in terms of their overall size

- Allocation across the core elements of IT spend, including hardware, software, services, communications, and consulting

- Distribution of ICT money in areas such as the networks, applications, service desk, and data centers

- Which ICT functions Korean enterprises are interested in outsourcing

- Korean enterprises' investment priorities based on their budget allocations across core technology categories such as business intelligence, mobility management, green IT and virtualization, and internet of things (IoT).

- Factors that are influencing Korean enterprises' investments in each technology category

- How Korean enterprises' IT budgets are currently allocated across various segments within a technology category

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