Managed SD-WAN Service Market size is estimated to be USD 3.2 Billion in 2024 and is expected to reach USD 10.5 Billion by 2033 at a CAGR of 15.5% from 2026 to 2033.
The Managed SD-WAN Service Market in South Korea is experiencing remarkable growth, driven by the nation's robust digital transformation initiatives and the increasing demand for efficient, secure, and agile network solutions across various industries.
In 2024, the South Korean Managed SD-WAN market was valued at approximately USD 28.85 million and is projected to grow at a compound annual growth rate (CAGR) of 35.3% from 2024 to 2031. citeturn0search0
The surge in adoption is primarily fueled by the need for enhanced network performance, seamless cloud application access, and simplified network management. Managed SD-WAN solutions offer businesses the ability to prioritize critical network traffic, reduce latency, and improve overall operational efficiency. For instance, SD-WAN technology can deliver up to 80% increase in bandwidth efficiency, 98% faster failover time, 85% improvement in network throughput, and at least 50% reduction in network hardware costs. citeturn0search2
Industries such as manufacturing, IT & telecom, healthcare, retail, banking, financial services, and insurance (BFSI), and government sectors are increasingly adopting Managed SD-WAN services to support their digital initiatives. These sectors require reliable, secure, and high-performance network solutions to manage the growing volume of data and the need for real-time application access. For example, the IT & telecom sector accounted for a market share of around 30% in 2023, highlighting the industry's significant demand for advanced network solutions. citeturn0search5
The competitive landscape in South Korea's Managed SD-WAN market is vibrant, with both global and local players offering a range of solutions to cater to diverse industry needs. Companies such as Samsung SDS, SK C&C, LG CNS, KT Corporation, and NHN Technology Services Corporation are prominent providers, offering services that include cloud computing, cybersecurity, network management, and digital transformation solutions. citeturn0search4
As businesses continue to embrace digital transformation, the demand for Managed SD-WAN services is expected to rise, offering opportunities for service providers to innovate and deliver tailored solutions that meet the evolving needs of various industries in South Korea.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Managed SD-WAN Service Market
Managed SD-WAN as a Service
Managed SD-WAN Overlay Solutions
Managed SD-WAN Consulting Services
Cloud-Based Deployment
On-Premise Deployment
Hybrid Deployment
Healthcare
Retail
Manufacturing
Education
Financial Services
Small and Medium Enterprises (SMEs)
Large Enterprises
Multi-Cloud Connectivity
Software-Defined Networking
Firewall as a Service
Analytics and Reporting Tools
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Managed SD-WAN Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Managed SD-WAN Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Managed SD-WAN Service Market, By Type
6. South Korea Managed SD-WAN Service Market, By Application
7. South Korea Managed SD-WAN Service Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Managed SD-WAN Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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