Expansion Services Market size was valued at USD 3.5 Billion in 2024 and is projected to reach USD 7.3 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
South Korea's Expansion Services Market is experiencing a significant transformation, driven by the nation's strategic initiatives to bolster service exports and attract foreign enterprises. The government's ambitious plan aims to double service exports from $130 billion in 2022 to $250 billion by 2030, positioning South Korea as the world's seventh-largest exporter in this sector.
Key industries contributing to this growth include entertainment content, healthcare, and information technology. Notably, the export of entertainment content surged from $3.2 billion in 2010 to $12.4 billion in 2021, reflecting the global appeal of Korean pop culture. The healthcare sector is also expanding, with the government facilitating joint ventures between manufacturing and service industries to explore new business opportunities.
To support foreign enterprises entering the South Korean market, the Ministry of SMEs and Startups offers various programs tailored to different export capabilities. The "Export Voucher Program" allows SMEs to select services that best fit their expansion needs, covering aspects such as brand development, overseas certifications, and market surveys. Additionally, online and offline support is provided to help SMEs establish a foothold in the global value chain.
Professional services firms like PwC Korea play a crucial role in assisting foreign companies with market entry strategies. Their Market Development and Expansion Team offers comprehensive support, from feasibility studies to establishing local operations, ensuring that businesses can navigate the unique challenges of the Korean market effectively.
Furthermore, the architectural, engineering, and construction services market in South Korea is projected to grow at a compound annual growth rate (CAGR) of 18.5% from 2024 to 2030, reaching a revenue of $4,949.4 million by 2030. This growth is driven by the increasing demand for digital and city planning services, highlighting the country's commitment to sustainable urban development.
In summary, South Korea's Expansion Services Market presents lucrative opportunities for foreign enterprises across various industries. With robust government support, a thriving cultural export sector, and a rapidly growing infrastructure services market, South Korea stands as an attractive destination for business expansion.
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DKSH
Dow Corning
Yeon
Brainmates
AVA
Avaali
Bangkokmex
Inslo
Nos Progressus Consultancy
Nuno ID
P&P Global Expansion
SevenGlobe Development
Kompreni
Jebsen & Jessen
Getz
LF Asia
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 Expansion Services Market
Consulting Services
Support Services
Implementation Services
Managed Services
Cloud-based Deployment
On-premises Deployment
Hybrid Deployment
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Healthcare
Retail
IT and Telecom
Manufacturing
Banking, Financial Services, and Insurance (BFSI)
Energy and Utilities
Education
Third-party Service Providers
In-house Service Providers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Expansion Services 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 Expansion Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Expansion Services Market, By Type
6. South Korea Expansion Services Market, By Application
7. South Korea Expansion Services Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Expansion Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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