South Korea’s security market size is almost on the verge of hitting approximately USD 5 billion this year, in which the market is estimated to have reached USD 4.7 billion last year. USD 3.1 billion belong to physical security and USD 1.6 billion to cyber security. The country has rapidly developed into one of the most technologically advanced countries as many have started to realize the value in technological development capable of responding to emergency security risk issues.
Known as an IT powerhouse, South Korea possesses the most convenient cyberspace environment, a world-class ICT and infrastructure. Market demand for cyber security devices and services in South Korea has grown as the level of security awareness has risen. The ‘Cyber Security Market Outlook in South Korea’ focuses on the market trend of Public Cloud and Security Consulting, providing the readers with a broader knowledge on its impact and role.