Desktop as a Service - South Korea

South Korea

Revenue in the Desktop as a Service market is projected to reach €51.99m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.83%, resulting in a market volume of €108.40m by 2029.
The average spend per employee in the Desktop as a Service market is projected to reach €1.74 in 2024.
In global comparison, most revenue will be generated in the United States (€1,892.00m in 2024).

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

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Analyst Opinion

The Desktop as a Service market in South Korea is experiencing significant growth and development due to several key factors.

Customer preferences: South Korean customers are increasingly adopting Desktop as a Service (DaaS) solutions due to its numerous advantages. DaaS allows users to access their desktop environment from any device with an internet connection, providing flexibility and convenience. This is particularly appealing to South Korean businesses and individuals who value mobility and remote work capabilities. Additionally, DaaS offers improved security features, which is a major concern for customers in South Korea given the growing number of cyber threats.

Trends in the market: One of the key trends in the DaaS market in South Korea is the increasing demand for cloud-based solutions. As businesses in South Korea continue to embrace digital transformation, they are looking for scalable and cost-effective IT solutions. Cloud-based DaaS offers these benefits by eliminating the need for on-premises infrastructure and reducing maintenance costs. This trend is further fueled by the availability of high-speed internet connections in South Korea, which enables seamless access to cloud-based desktop environments. Another trend in the market is the integration of virtualization technologies with DaaS. South Korean businesses are leveraging virtualization to enhance the performance and efficiency of their desktop environments. By virtualizing desktops, companies can consolidate their IT infrastructure, reduce hardware costs, and improve resource allocation. This trend is particularly relevant for industries that require high-performance computing, such as gaming and design.

Local special circumstances: South Korea has a highly developed IT infrastructure, with widespread internet connectivity and advanced telecommunications networks. This provides a conducive environment for the growth of the DaaS market, as it ensures reliable and fast access to cloud-based desktop environments. Additionally, South Korea has a tech-savvy population that is quick to adopt new technologies, making it an attractive market for DaaS providers.

Underlying macroeconomic factors: South Korea is known for its strong economy and technological advancements. The country has a thriving IT industry and is home to several global technology giants. This favorable business environment, coupled with government initiatives to promote digitalization, is driving the growth of the DaaS market in South Korea. Furthermore, the COVID-19 pandemic has accelerated the adoption of remote work and digital solutions, further fueling the demand for DaaS in the country. In conclusion, the Desktop as a Service market in South Korea is experiencing rapid growth and development due to customer preferences for flexible and secure IT solutions, the adoption of cloud-based technologies, the integration of virtualization, the country's advanced IT infrastructure, and favorable macroeconomic factors. As businesses in South Korea continue to embrace digital transformation, the demand for DaaS is expected to further increase in the coming years.

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.