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South Korea Integrated Workplace Management System Market Forecast 2021-2026

KEY FINDINGS

The South Korea integrated workplace management system market growth is expected to progress at a CAGR of 14.71% during the forecast period, 2021-2026. The internet penetration in the country is increasing at a rapid pace. For instance, as of 2017, out of the total population of 50 million, 43.27 million were internet users. This is projected to propel the growth of connected devices, which will further offer growth opportunities for the market analyzed.

MARKET INSIGHTS

In South Korea, the IoT companies posted considerable revenue in 2019, as per the ICT. Also, exports showed an average annual increase from 2015-19. In 2019, the IoT devices recorded 4.47 trillion. In addition, the network sector witnessed the highest sales growth, attributed to the rising use of IoT network services and the sales of 5G mobile network equipment. Further, the service sector logged substantial sales, particularly IoT services related to safety & environment, construction, and management, accounting for the highest portion. Besides, the Ministry of Land, Infrastructure, and Transport is set to launch a smart building technology project to facilitate more innovations to construction sites over the next six years. Moreover, the 2020-2025 smart building technology development project emphasizes digital platforms, smart integrated safety control technology, smart buildings for road structure, and management systems and construction equipment automation. Such factors influence market growth in South Korea.

COMPETITIVE INSIGHTS

Some of the key companies in the market include FM Systems, Planon Corporation, Accruent Llc, Tango Analytics, etc.

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South Korea Integrated Workplace Management System Market Forecast 2021-2026
Published By :Inkwood Research
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