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    South Korea Agile IoT Market

    ID: MRFR/ICT/57023-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    South Korea Agile IoT Market Research Report By Component (Hardware, Software), By Deployment (On-premises, Cloud), By Organization size (Large, Small, Medium) and By Connectivity (LAN, Wi-Fi, Li-Fi)- Forecast to 2035

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    Table of Contents

    South Korea Agile IoT Market Summary

    The South Korea Agile IoT market is projected to experience substantial growth, reaching 12.3 USD billion by 2035 from a base of 2.06 USD billion in 2024.

    Key Market Trends & Highlights

    South Korea Agile IoT Key Trends and Highlights

    • The market is expected to grow from 2.06 USD billion in 2024 to 12.3 USD billion by 2035.
    • A compound annual growth rate (CAGR) of 17.64 percent is anticipated from 2025 to 2035.
    • The Agile IoT market in South Korea is likely to expand significantly, driven by increasing demand for smart devices and connectivity.
    • Growing adoption of Agile IoT technologies due to the need for enhanced operational efficiency is a major market driver.

    Market Size & Forecast

    2024 Market Size 2.06 (USD Billion)
    2035 Market Size 12.3 (USD Billion)
    CAGR (2025-2035) 17.64%

    Major Players

    LG Uplus, Samsung Electronics, SK Telecom, POSCO, SK Hynix, Mando Corporation, Seoul Robotics, Korea Electric Power Corporation, LG Electronics, Daewoo Engineering & Construction, KT Corporation, Naver Corporation, Hanwha Group, Korea Telecom, Hyundai Mobis

    South Korea Agile IoT Market Trends

    The South Korea Agile IoT Market is witnessing notable trends driven by advancements in technology and increasing demand for seamless connectivity. The rapid adoption of 5G technology across the region is a crucial market driver, enhancing device interoperability and enabling real-time data processing. The South Korean government's proactive support for smart city initiatives creates a favorable environment for IoT integration within urban areas, focusing on optimizing public services and improving overall quality of life. 

    Furthermore, the pandemic has accelerated digital transformation, leading businesses to seek agile IoT solutions to enhance operation efficiency and resilience.Particularly in sectors like manufacturing, healthcare, and agriculture, the South Korea Agile IoT Market presents great chances to be investigated. The government's dedication to creating intelligent manufacturing facilities as part of the "Manufacturing Innovation Strategy" motivates IoT technologies adoption to raise output. 

    Advances in telemedicine and remote monitoring systems open doors for IoT use in the healthcare industry that would help to improve patient care. Similarly, the investigation of IoT in agriculture can result in smart farming methods, improving crop output by means of data-driven decisions. In the Agile IoT Market in South Korea, security and data privacy are becoming more and more important trends recently.

    As IoT devices proliferate, concerns regarding data breaches and cyber threats have led organizations to invest in robust security frameworks. Additionally, there is a shift towards sustainable IoT solutions as businesses recognize the importance of reducing their environmental impact. This drive towards sustainability not only aligns with global trends but also complements South Korea’s mission to become carbon neutral by 2050. Overall, the South Korea Agile IoT Market is characterized by innovation, government support, and a focus on security and sustainability.

    South Korea Agile IoT Market Drivers

    Market Segment Insights

    South Korea Agile IoT Market Segment Insights

    South Korea Agile IoT Market Segment Insights

    Agile IoT Market Component Insights

    Agile IoT Market Component Insights

    The Component segment within the South Korea Agile IoT Market is witnessing notable growth and transformation, playing a critical role in the broader landscape of the Internet of Things. This segment encompasses vital components such as hardware and software, which are integral to the development and operational efficiency of IoT systems. Hardware typically includes sensors, devices, and communication modules, while software encompasses the applications and platforms that facilitate device management, analytics, and connectivity.

    The growth in this area is significantly driven by the surge in smart city initiatives and advancements in technology, reflecting South Korea's commitment to digital innovation and infrastructure development.

    As national programs aim to enhance connectivity and data management in urban environments, the demand for efficient hardware and software solutions is expected to increase. Furthermore, the emphasis on security and data integrity in IoT applications has propelled the software component of this segment as organizations seek to safeguard sensitive information and maintain compliance with regulations. As a result, organizations are increasingly investing in robust software solutions that can easily integrate with diverse hardware, emphasizing the alignment between these two components.

    Moreover, the rising adoption of 5G technology in South Korea stands to enhance the capabilities of both hardware and software, enabling faster data transmission, which is crucial for real-time IoT applications. This synergy between hardware and software components opens up new opportunities for innovations and optimized performance in various sectors, including healthcare, manufacturing, and transportation.

    Agile IoT Market Deployment Insights

    Agile IoT Market Deployment Insights

    The Deployment segment of the South Korea Agile IoT Market is experiencing substantial growth as organizations increasingly integrate IoT solutions for enhanced operational efficiency. The landscape is primarily divided into On-premises and Cloud deployment methods, each offering distinct advantages. On-premises solutions are often favored by large enterprises that prioritize data control and security, allowing them to manage sensitive information effectively. Conversely, the Cloud deployment model is gaining traction due to its flexibility and scalability, enabling businesses to swiftly adjust resources as needed without significant capital expenditure.

    This shift towards cloud solutions is indicative of a broader trend in the South Korean market, driven by the need for innovation and agility in response to rapidly evolving technological demands. Overall, the Deployment segment is pivotal within the Agile IoT Market, supporting various industries by facilitating seamless connectivity and real-time data-processing capabilities. With such dynamics at play, this segment is likely to play an instrumental role in shaping the future of the South Korean IoT landscape.

    Agile IoT Market Organization

    Agile IoT Market Organization Size Insights

    The South Korea Agile IoT Market showcases a diverse landscape influenced by organization size, with notable contributions from large, medium, and small enterprises. Large organizations, often at the forefront of technological adoption, drive substantial innovation and investment in Agile IoT solutions, implementing wide-scale digital transformations to enhance operational efficiency and customer engagement. Medium-sized enterprises, recognizing the need to remain competitive, increasingly integrate Agile IoT technologies to streamline their processes and improve productivity.

    Small businesses are also vital to this ecosystem, leveraging Agile IoT platforms to optimize resource management, reduce costs, and access new markets. This segmentation reveals a balanced growth opportunity, with large and medium enterprises emphasizing scalability and complex solution implementations while small businesses focus on agility and cost-effectiveness. Collectively, these organizational sizes not only reflect the vibrancy of the South Korean economy but also shape the overall direction and growth of the South Korea Agile IoT Market, contributing significantly to the market growth and dynamics.

    Agile IoT Market Connectivity Insights

    Agile IoT Market Connectivity Insights

    The Connectivity segment of the South Korea Agile IoT Market plays a crucial role in enabling seamless communication between devices, fostering an interconnected ecosystem. As South Korea advances its digital infrastructure, technologies such as Local Area Networks (LAN), Wi-Fi, and Li-Fi are gaining prominence. LAN provides a reliable and high-speed connection, essential for businesses and enterprises seeking efficient data transfer within localized networks. Wi-Fi, being ubiquitous, supports a vast array of devices and is fundamental to the growing smart home market, enhancing user experience and convenience.

    Meanwhile, Li-Fi is emerging as a promising technology that utilizes light for data transmission, offering unprecedented speeds and security for various applications. The rise in smart city initiatives and the increasing adoption of Internet of Things devices are significant growth drivers within this segment, elevating the importance of robust connectivity solutions. Overall, the Connectivity segment serves as a backbone for the South Korea Agile IoT Market, ensuring effective communication and interaction among interconnected devices, which is vital for the nation’s technological advancement and economic growth.

    Get more detailed insights about South Korea Agile IoT Market Research Report - Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The South Korea Agile IoT Market is characterized by a dynamic landscape where technology advancements, consumer demand, and competitive strategies converge to create a vibrant ecosystem. This market has gained traction due to the growing need for seamless connectivity, data-driven insights, and innovative applications across various sectors, including manufacturing, healthcare, smart cities, and transportation. As companies leverage the power of the Internet of Things to enhance operational efficiency and improve customer experiences, the competitive arena continues to evolve.

    Organizations in this space are increasingly focusing on agility, enabling them to respond swiftly to changing market demands, adopt new technologies, and optimize their services. 

    As this market matures, key players are vying to establish their presence and capture market share through strategic collaborations, investments, and product innovations.LG Uplus has carved a significant niche in the Agile IoT Market within South Korea by leveraging its extensive network infrastructure and technological capabilities. The company has consistently showcased its commitment to IoT by investing in smart city projects, enabling businesses and communities to harness data for improved operational efficiency. LG Uplus has strengthened its market position through robust partnerships with various technology providers and local government authorities, enhancing its service offerings.

    The company's emphasis on providing high-quality connectivity solutions and developing a diverse range of IoT applications contributes to its competitive advantage. 

    With a focus on integrating 5G technology and enhancing its IoT platforms, LG Uplus continues to innovate, making substantial strides in the Agile IoT domain.Samsung Electronics stands as a formidable player in the South Korean Agile IoT Market, firmly establishing its presence through a multitude of connected devices and comprehensive IoT solutions. The company's portfolio includes a wide range of products, from smart home devices to industrial IoT applications, which position Samsung as a leader in promoting interconnected ecosystems.

    Its strengths lie in advanced technology development, considerable investment in research and development, and strategic mergers and acquisitions that enhance its technological capabilities. 

    Samsung's focus on integrating artificial intelligence and machine learning into its IoT offerings significantly elevates user experiences and operational productivity. By continuously expanding its partnerships with other tech firms and investing in innovative solutions, Samsung Electronics actively contributes to shaping the Agile IoT landscape in South Korea, making it a prominent contender in the ongoing market evolution.

    Key Companies in the South Korea Agile IoT Market market include

    Industry Developments

    In recent developments within the South Korea Agile IoT Market, LG Uplus has been actively enhancing its IoT offerings, particularly in smart home and industrial applications. Samsung Electronics continues to push innovation with its SmartThings platform, aiming to integrate various IoT devices seamlessly. SK Telecom is expanding its 5G IoT solutions, launching new services that underscore the company’s commitment to becoming a leader in the 5G ecosystem. In terms of mergers and acquisitions, SK Hynix has announced plans to acquire specific IoT-related technologies from international firms in March 2023, strengthening its position in the semiconductor space for IoT applications. 

    Additionally, Seoul Robotics is collaborating with various local governments to deploy smart city solutions using IoT technologies, while LG Electronics is focusing on sustainable IoT applications in energy management. The market valuation of the South Korea Agile IoT Market has seen significant growth, estimated at over USD 3 billion by mid-2023, which is positively influencing investment in related technologies and infrastructure. Over the last two years, initiatives by Korea Electric Power Corporation and Hyundai Mobis to develop smart grid solutions have also showcased the increasing integration of IoT in critical industries, further driving market expansion.

    Market Segmentation

    Outlook

    • LAN
    • Wi-Fi
    • Li-Fi

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 1.75(USD Billion)
    MARKET SIZE 2024 2.06(USD Billion)
    MARKET SIZE 2035 12.3(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 17.615% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED LG Uplus, Samsung Electronics, SK Telecom, POSCO, SK hynix, Mando Corporation, Seoul Robotics, Korea Electric Power Corporation, LG Electronics, Daewoo Engineering & Construction, KT Corporation, Naver Corporation, Hanwha Group, Korea Telecom, Hyundai Mobis
    SEGMENTS COVERED Component, Deployment, Organization size, Connectivity
    KEY MARKET OPPORTUNITIES Smart city implementations, Industrial automation enhancements, Healthcare IoT solutions, Connected vehicle innovations, Energy management systems
    KEY MARKET DYNAMICS Rapid technological advancements, High demand for automation, Strong government support, Increasing smart city initiatives, Rising cybersecurity concerns
    COUNTRIES COVERED South Korea

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What is the expected market size of the South Korea Agile IoT Market in 2024?

    The expected market size of the South Korea Agile IoT Market in 2024 is 2.06 USD Billion.

    What is the projected market value of the South Korea Agile IoT Market in 2035?

    In 2035, the projected market value of the South Korea Agile IoT Market is expected to reach 12.3 USD Billion.

    What is the expected CAGR for the South Korea Agile IoT Market from 2025 to 2035?

    The expected CAGR for the South Korea Agile IoT Market from 2025 to 2035 is 17.615 %.

    Which component of the South Korea Agile IoT Market is projected to have the highest value in 2035?

    The hardware component of the South Korea Agile IoT Market is projected to be valued at 5.12 USD Billion in 2035.

    What will be the value of the software segment of the South Korea Agile IoT Market in 2024?

    The software segment of the South Korea Agile IoT Market is expected to be valued at 1.24 USD Billion in 2024.

    What are the key players in the South Korea Agile IoT Market?

    Key players in the South Korea Agile IoT Market include LG Uplus, Samsung Electronics, and SK Telecom among others.

    What opportunities exist in the South Korea Agile IoT Market?

    The South Korea Agile IoT Market presents opportunities in innovation and expanding applications across various sectors.

    What are the major challenges facing the South Korea Agile IoT Market?

    Challenges in the South Korea Agile IoT Market include competition among key players and the need for consistent technology updates.

    What are some key applications of Agile IoT technology in South Korea?

    Key applications of Agile IoT technology in South Korea include smart cities, healthcare, and industrial automation.

    How does the growth rate of the South Korea Agile IoT Market compare regionally?

    The growth rate of the South Korea Agile IoT Market is competitive regionally, driven by high technological adoption and infrastructure improvements.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. South
    59. Korea Agile IoT Market, BY Component (USD Billion)
    60. Hardware
    61. Software
    62. South
    63. Korea Agile IoT Market, BY Deployment (USD Billion)
    64. On-premises
    65. Cloud
    66. South
    67. Korea Agile IoT Market, BY Organization size (USD Billion)
    68. Large
    69. Small
    70. Medium
    71. South
    72. Korea Agile IoT Market, BY Connectivity (USD Billion)
    73. LAN
    74. Wi-Fi
    75. Li-Fi
    76. Competitive Landscape
    77. Overview
    78. Competitive
    79. Analysis
    80. Market share Analysis
    81. Major
    82. Growth Strategy in the Agile IoT Market
    83. Competitive Benchmarking
    84. Leading
    85. Players in Terms of Number of Developments in the Agile IoT Market
    86. Key
    87. developments and growth strategies
    88. New Product Launch/Service
    89. Deployment
    90. Merger & Acquisitions
    91. Joint
    92. Ventures
    93. Major Players Financial Matrix
    94. Sales
    95. and Operating Income
    96. Major Players R&D Expenditure.
    97. Company
    98. Profiles
    99. LG Uplus
    100. Financial
    101. Overview
    102. Products Offered
    103. Key
    104. Developments
    105. SWOT Analysis
    106. Key
    107. Strategies
    108. Samsung Electronics
    109. Financial
    110. Overview
    111. Products Offered
    112. Key
    113. Developments
    114. SWOT Analysis
    115. Key
    116. Strategies
    117. SK Telecom
    118. Financial
    119. Overview
    120. Products Offered
    121. Key
    122. Developments
    123. SWOT Analysis
    124. Key
    125. Strategies
    126. POSCO
    127. Financial
    128. Overview
    129. Products Offered
    130. Key
    131. Developments
    132. SWOT Analysis
    133. Key
    134. Strategies
    135. SK hynix
    136. Financial
    137. Overview
    138. Products Offered
    139. Key
    140. Developments
    141. SWOT Analysis
    142. Key
    143. Strategies
    144. Mando Corporation
    145. Financial
    146. Overview
    147. Products Offered
    148. Key
    149. Developments
    150. SWOT Analysis
    151. Key
    152. Strategies
    153. Seoul Robotics
    154. Financial
    155. Overview
    156. Products Offered
    157. Key
    158. Developments
    159. SWOT Analysis
    160. Key
    161. Strategies
    162. Korea Electric Power Corporation
    163. Financial
    164. Overview
    165. Products Offered
    166. Key
    167. Developments
    168. SWOT Analysis
    169. Key
    170. Strategies
    171. LG Electronics
    172. Financial
    173. Overview
    174. Products Offered
    175. Key
    176. Developments
    177. SWOT Analysis
    178. Key
    179. Strategies
    180. Daewoo Engineering &
    181. Construction
    182. Financial Overview
    183. Products
    184. Offered
    185. Key Developments
    186. SWOT
    187. Analysis
    188. Key Strategies
    189. KT
    190. Corporation
    191. Financial Overview
    192. Products
    193. Offered
    194. Key Developments
    195. SWOT
    196. Analysis
    197. Key Strategies
    198. Naver
    199. Corporation
    200. Financial Overview
    201. Products
    202. Offered
    203. Key Developments
    204. SWOT
    205. Analysis
    206. Key Strategies
    207. Hanwha
    208. Group
    209. Financial Overview
    210. Products
    211. Offered
    212. Key Developments
    213. SWOT
    214. Analysis
    215. Key Strategies
    216. Korea
    217. Telecom
    218. Financial Overview
    219. Products
    220. Offered
    221. Key Developments
    222. SWOT
    223. Analysis
    224. Key Strategies
    225. Hyundai
    226. Mobis
    227. Financial Overview
    228. Products
    229. Offered
    230. Key Developments
    231. SWOT
    232. Analysis
    233. Key Strategies
    234. References
    235. Related
    236. Reports
    237. LIST
    238. OF ASSUMPTIONS
    239. South Korea Agile IoT Market SIZE ESTIMATES
    240. & FORECAST, BY COMPONENT, 2019-2035 (USD Billions)
    241. South
    242. Korea Agile IoT Market SIZE ESTIMATES & FORECAST, BY DEPLOYMENT, 2019-2035 (USD
    243. Billions)
    244. South Korea Agile IoT Market SIZE ESTIMATES
    245. & FORECAST, BY ORGANIZATION SIZE, 2019-2035 (USD Billions)
    246. South
    247. Korea Agile IoT Market SIZE ESTIMATES & FORECAST, BY CONNECTIVITY, 2019-2035
    248. (USD Billions)
    249. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    250. ACQUISITION/PARTNERSHIP
    251. LIST
    252. Of figures
    253. MARKET SYNOPSIS
    254. SOUTH
    255. KOREA AGILE IOT MARKET ANALYSIS BY COMPONENT
    256. SOUTH KOREA
    257. AGILE IOT MARKET ANALYSIS BY DEPLOYMENT
    258. SOUTH KOREA AGILE
    259. IOT MARKET ANALYSIS BY ORGANIZATION SIZE
    260. SOUTH KOREA
    261. AGILE IOT MARKET ANALYSIS BY CONNECTIVITY
    262. KEY BUYING
    263. CRITERIA OF AGILE IOT MARKET
    264. RESEARCH PROCESS OF MRFR
    265. DRO
    266. ANALYSIS OF AGILE IOT MARKET
    267. DRIVERS IMPACT ANALYSIS:
    268. AGILE IOT MARKET
    269. RESTRAINTS IMPACT ANALYSIS: AGILE IOT
    270. MARKET
    271. SUPPLY / VALUE CHAIN: AGILE IOT MARKET
    272. AGILE
    273. IOT MARKET, BY COMPONENT, 2025 (% SHARE)
    274. AGILE IOT MARKET,
    275. BY COMPONENT, 2019 TO 2035 (USD Billions)
    276. AGILE IOT MARKET,
    277. BY DEPLOYMENT, 2025 (% SHARE)
    278. AGILE IOT MARKET, BY DEPLOYMENT,
    279. TO 2035 (USD Billions)
    280. AGILE IOT MARKET, BY ORGANIZATION
    281. SIZE, 2025 (% SHARE)
    282. AGILE IOT MARKET, BY ORGANIZATION
    283. SIZE, 2019 TO 2035 (USD Billions)
    284. AGILE IOT MARKET, BY
    285. CONNECTIVITY, 2025 (% SHARE)
    286. AGILE IOT MARKET, BY CONNECTIVITY,
    287. TO 2035 (USD Billions)
    288. BENCHMARKING OF MAJOR COMPETITORS

    South Korea Agile IoT Market Segmentation

     

     

     

    • Agile IoT Market By Component (USD Billion, 2019-2035)

      • Hardware
      • Software

     

    • Agile IoT Market By Deployment (USD Billion, 2019-2035)

      • On-premises
      • Cloud

     

    • Agile IoT Market By Organization size (USD Billion, 2019-2035)

      • Large
      • Small
      • Medium

     

    • Agile IoT Market By Connectivity (USD Billion, 2019-2035)

      • LAN
      • Wi-Fi
      • Li-Fi

     

     

     

     

     

     

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