South Korea Artificial Intelligence (AI) Software Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 12.76 Billion by 2030, growing at a CAGR of 23.5% from 2024 to 2030.
South Korea's Artificial Intelligence (AI) software market is rapidly growing, driven by both technological advancements and increasing demand across various industries. As AI continues to evolve, businesses in South Korea are keen on adopting AI-driven solutions to enhance productivity, improve operational efficiencies, and gain competitive advantages in a data-driven world. The AI software market in South Korea is becoming a cornerstone for innovation, with a variety of applications ranging from natural language processing and machine learning to robotics and data analytics.
The demand for AI software is heavily influenced by South Korea's industrial sectors, especially automotive, manufacturing, healthcare, and finance. Industries are now leveraging AI to automate processes, manage vast amounts of data, and provide personalized customer experiences. For instance, the automotive industry in South Korea is increasingly integrating AI technologies into autonomous vehicles and smart manufacturing systems. Meanwhile, in the healthcare sector, AI solutions are being utilized for predictive analytics, diagnostics, and patient care optimization, helping medical professionals deliver more accurate and timely treatments.
One of the primary drivers of the AI software market in South Korea is the country's robust infrastructure and technological readiness. South Korea ranks as one of the most digitally connected countries globally, which allows for smoother implementation of AI technologies. Moreover, the government's initiatives, such as the "Digital New Deal," have further accelerated AI research and development, offering funding and support to AI startups and enterprises.
AI software market players are also responding to the specific needs of various industries, tailoring solutions to address unique requirements. In the financial sector, for example, AI is being applied to fraud detection, risk management, and algorithmic trading. In retail, AI-powered recommendation systems and predictive analytics are helping businesses optimize inventory management and improve customer service.
As the demand for AI continues to grow, South Korean industries are becoming increasingly reliant on AI software to gain a technological edge, improve efficiency, and create value. The potential applications of AI are vast, and companies across sectors are embracing these solutions to transform their operations and enhance customer experiences.
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Datadog
ManageEngine
GROWITHIS
Ai Field Management
Acobot
WebHR
Sisense
ESRI
Timely
Lumen5
LiveChat
Anodot
Brainasoft
AppDynamics
Atomic Reach
Keatext
FirstScreen
AnswerRocket
Grooper
Botmind
DontGo
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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 Artificial Intelligence (AI) Software Market
Cloud-based AI Software
On-Premises AI Software
Hybrid AI Software
Healthcare
Manufacturing
Retail
Finance and Banking
Transportation and Logistics
Telecommunications
Education
Supervised Learning
Unsupervised Learning
Reinforcement Learning
Chatbots and Virtual Assistants
Fraud Detection and Prevention
Predictive Analytics
Image and Video Analysis
Speech Recognition
Sentiment Analysis
Marketing
Sales
Human Resource Management
Customer Service
Research and Development
Supply Chain Management
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Artificial Intelligence (AI) Software 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 Artificial Intelligence (AI) Software Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Artificial Intelligence (AI) Software Market, By Type
6. South Korea Artificial Intelligence (AI) Software Market, By Application
7. South Korea Artificial Intelligence (AI) Software Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Artificial Intelligence (AI) Software Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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