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    South Korea Iot Integration Market

    ID: MRFR/ICT/59320-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    South Korea IoT Integration Market Research Report By Service (Device and Platform Management, System Design and Architecture, Advisory Services, Database & Block Storage Management, Application Management Services, Third Party API Management Services, Others), By Organization Size (Large Enterprises, Small & Medium Enterprises), and By Application (Smart Healthcare, Smart Retail, Smart Building, Energy & Utilities, Smart Transportation)- Forecast to 2035

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    Table of Contents

    South Korea Iot Integration Market Summary

    The South Korea IoT Integration market is projected to grow significantly from 12.5 USD Billion in 2024 to 35 USD Billion by 2035.

    Key Market Trends & Highlights

    South Korea IoT Integration Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate (CAGR) of 9.81 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 35 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 12.5 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of IoT technologies due to increasing demand for smart solutions is a major market driver.

    Market Size & Forecast

    2024 Market Size 12.5 (USD Billion)
    2035 Market Size 35 (USD Billion)
    CAGR (2025 - 2035) 9.81%

    Major Players

    Samsung Electronics (KR), SK Hynix (KR), LG Electronics (KR), Hyundai Motor Company (KR), Kia Corporation (KR), POSCO (KR), Naver Corporation (KR), Kakao Corp (KR), Hanwha Group (KR), Lotte Group (KR)

    South Korea Iot Integration Market Trends

    The government's dedication to enhancing connectivity and technology infrastructure is propelling the South Korean IoT Integration Market. Through smart energy management, public services, and transportation, the "K-Smart City" initiative seeks to improve urban living through the use of IoT technology.

    This program supports the country's ambition to lead the Fourth Industrial Revolution, which encourages investment in IoT integration solutions for a range of industries, including manufacturing and healthcare. There are several opportunities in the South Korean market, especially for improving industrial automation and smart home systems.

    Businesses have the opportunity to develop and implement IoT solutions that can track and control energy usage in real-time as a result of the growing need for sustainable practices and efficient energy consumption.Furthermore, as 5G technology becomes more widely used, the possibility of real-time data processing and networking enables companies to create increasingly sophisticated IoT applications, improving functionality and scalability.

    A notable trend in recent years has been the cooperation of digital companies, startups, and traditional sectors to create customized IoT solutions. IoT system integration into daily operations is accelerated by this collaborative approach, which permits the sharing of knowledge and creativity.

    Furthermore, as businesses work to earn customers' trust while creating IoT solutions, the need of data security and privacy has grown. The future of the IoT Integration Market will be greatly influenced by the interaction of private sector innovation, government regulation, and consumer demand as South Korea establishes itself as a technology hub in Asia.

    South Korea IoT

    South Korea Iot Integration Market Drivers

    Market Segment Insights

    South Korea

    South Korea IoT Integration Market Segment Insights

    IoT

    IoT Integration Market Service Insights

    The Service segment of the South Korea IoT Integration Market plays a pivotal role in shaping the overall framework of IoT implementations across various industries. With a focus on enhancing connectivity, security, and operational efficiency, this segment encompasses critical aspects such as Device and Platform Management, System Design and Architecture, and Advisory Services.

    Device and Platform Management serves as the backbone for effective IoT functioning, allowing seamless integration and communication between numerous connected devices. Meanwhile, System Design and Architecture is paramount in constructing the infrastructure that supports IoT ecosystems, facilitating scalability and adaptability to technology advancements.Furthermore, Advisory Services provide essential insights and strategic guidance for organizations navigating the complexities of IoT, assisting in decision-making processes related to investments and technology integration.

    Database and Block Storage Management emerges as a crucial service, ensuring that vast amounts of data generated by IoT devices are organized and stored efficiently, while also ensuring accessibility in real-time for data analytics and decision-making processes.

    Application Management Services play an important role in maintaining the functionality and performance of IoT applications, making certain they meet user needs while staying aligned with evolving technological standards. Third Party API Management Services contribute significantly by enabling interoperability among different platforms and devices, ensuring that data can flow freely and securely.

    This interconnected nature of services fosters a comprehensive environment where data sharing and communication are optimized, thus promoting innovation and a smoother workflow in various sectors like manufacturing, healthcare, and smart cities.The demand for these services is further bolstered by South Korea's robust focus on digital transformation and government-backed initiatives aimed at enhancing the nation’s technological capabilities.

    With South Korea being a leader in technology adoption and innovation, the growth drivers within the South Korea IoT Integration Market are commensurate with the need for advanced service solutions that can efficiently manage burgeoning data and device networks.Challenges such as cybersecurity risks and the need for continuous upgrades to technology infrastructures also underscore the importance of solid service frameworks.

    IoT

    IoT Integration Market Organization Size Insights

    The South Korea IoT Integration Market is significantly influenced by the Organization Size segment, comprising Large Enterprises and Small and Medium Enterprises.

    Large Enterprises typically dominate this market due to their resources and capacity to adopt sophisticated IoT solutions, driving widespread integration of smart technologies across various sectors such as manufacturing, healthcare, and logistics.

    These organizations leverage IoT for enhanced operational efficiency, better data analytics, and improved decision-making capabilities. On the other hand, Small and Medium Enterprises are increasingly recognizing the potential of IoT integration to streamline processes, reduce costs, and enhance customer engagement.

    IoT

    IoT Integration Market Application Insights

    The Application segment of the South Korea IoT Integration Market presents significant opportunities across several key areas, including Smart Healthcare, Smart Retail, Smart Building, Energy and Utilities, and Smart Transportation.

    Smart Healthcare is particularly noteworthy, reflecting the government's commitment to advancing digital health technologies, enhancing patient care, and optimizing hospital management systems. In the realm of Smart Retail, the integration of IoT technology facilitates enhanced consumer experiences and real-time inventory management, leading to increased sales and improved operational efficiency.

    Meanwhile, Smart Building solutions focus on energy management and sustainability, catering to the growing demand for eco-friendly living spaces in urban areas, a priority for metropolitan centers like Seoul.

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    Regional Insights

    Key Players and Competitive Insights

    The South Korea IoT Integration Market is characterized by rapid innovation and intense competition, driven by the region's robust technological infrastructure and a strong commitment to smart solutions across various industries.

    As a highly developed economy, South Korea has become a hub for IoT advancements, with both domestic and international companies vying for leadership in this space. The market dynamics are influenced by factors such as advancements in artificial intelligence, big data analytics, and increasing demand for seamless connectivity across devices, leading to a plethora of opportunities for IoT integration services.Companies are focusing on developing innovative solutions that cater to diverse sectors, including manufacturing, healthcare, transportation, and smart city initiatives, which further fuels competitive insights within the market.

    Samsung Electronics commands a significant share of the South Korea IoT Integration Market, leveraging its extensive portfolio of devices and platforms to deliver comprehensive IoT solutions. With its strong foundation in electronics and information technology, the company has introduced a range of products and services tailored to facilitate smart homes, smart cities, and industrial IoT applications.

    Its SmartThings platform stands out as a key offering, allowing users to connect and control various smart devices seamlessly. Samsung Electronics' strengths lie in its innovative approach to product development, vast distribution channels, and established reputation for quality and reliability.Furthermore, the company has been actively engaged in strategic mergers and acquisitions, enhancing its capabilities in IoT technologies and expanding its footprint in related sectors.

    By continuously investing in emerging technologies and collaborating with industry players, Samsung Electronics maintains a leadership position in the South Korea IoT Integration Market, driving advancements in connectivity and automation for a smarter future.

    Key Companies in the South Korea Iot Integration Market market include

    Industry Developments

    The multibillion-dollar AI and cloud infrastructure deal that KT Corporation signed with Microsoft in September 2024 will see KT invest about USD 450 million in network and data center upgrades over the next 15 years, with a focus on integrating Microsoft's cloud and AI tools into KT's IoT and telecommunications ecosystem.

    Through a partnership with Trimble, KT launched Trimble RTX Fast Positioning Services in June 2025, providing centimeter-accurate GNSS correction throughout South Korea. This allowed for real-time precision for Internet of Things applications in robots, connected cars, and scalable smart city infrastructure.

    In order to assist public infrastructure, environmental monitoring, and logistics activities in over 85 cities, KT and LG Uplus deployed statewide LPWA (Low Power Wide Area) networks via NBIoT earlier in June 2025. In the meantime, KT and Cisco Jasper have been working together for years, providing connectivity management systems for IoT installations in Korean logistics and business sectors.

    South Korea IoT

    Market Segmentation

    IoT Integration Market Service Outlook

    • Device and Platform Management
    • System Design and Architecture
    • Advisory Services
    • Database & Block Storage Management
    • Application Management Services
    • Third Party API Management Services
    • Others

    IoT Integration Market Application Outlook

    • Smart Healthcare
    • Smart Retail
    • Smart Building
    • Energy & Utilities
    • Smart Transportation

    IoT Integration Market Organization Size Outlook

    • Large Enterprises
    • Small & Medium Enterprises

    Report Scope

     

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 22.02(USD Billion)
    MARKET SIZE 2024 27.58(USD Billion)
    MARKET SIZE 2035 125.45(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 14.764% (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 POSCO ICT, Samsung Electronics, SK Telecom, Hanwha Techwin, Hyundai Motor, Sooil Development, Zigbee Alliance, CJ OliveNetworks, LG Electronics, KT Corporation, Naver Corporation, Daumsoft, GS Group, Kakao Corp, Hynix Semiconductor
    SEGMENTS COVERED Service, Organization Size, Application
    KEY MARKET OPPORTUNITIES Smart city development initiatives, Enhanced supply chain management, Industrial automation advancements, Healthcare IoT solutions expansion, Energy management optimization
    KEY MARKET DYNAMICS rapid technological advancements, increasing demand for automation, strong government support, growing cybersecurity concerns, expanding industry applications
    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 projected market size of the South Korea IoT Integration Market in 2024?

    The South Korea IoT Integration Market is projected to be valued at 27.58 billion USD in 2024.

    What is the expected market size of the South Korea IoT Integration Market by 2035?

    By 2035, the South Korea IoT Integration Market is expected to reach a valuation of 125.45 billion USD.

    What is the expected CAGR for the South Korea IoT Integration Market during 2025 to 2035?

    The expected CAGR for the South Korea IoT Integration Market is 14.764% during the period from 2025 to 2035.

    Which services contribute the most to the South Korea IoT Integration Market?

    Significant services contributing to the market include Device and Platform Management, System Design and Architecture, and Application Management Services.

    What is the market value of Device and Platform Management in 2024?

    In 2024, the market value for Device and Platform Management is projected to be 4.5 billion USD.

    How much is the System Design and Architecture segment expected to be valued in 2035?

    The System Design and Architecture segment is expected to reach a value of 27.5 billion USD by 2035.

    Who are the key players in the South Korea IoT Integration Market?

    Major players in the South Korea IoT Integration Market include Samsung Electronics, SK Telecom, LG Electronics, and POSCO ICT.

    What is the expected value of Application Management Services in 2024?

    Application Management Services is projected to have a value of 7.58 billion USD in the year 2024.

    What challenges are currently faced by the South Korea IoT Integration Market?

    The market faces challenges such as cybersecurity concerns and the need for standardized protocols.

    How is the South Korea IoT Integration Market expected to grow in the coming years?

    The South Korea IoT Integration Market is expected to see significant growth driven by increasing demand for smart devices and automation.

    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 IoT Integration Market, BY Service (USD Billion)
    60. Device
    61. and Platform Management
    62. System Design and Architecture
    63. Advisory
    64. Services
    65. Database & Block Storage Management
    66. Application
    67. Management Services
    68. Third Party API Management Services
    69. Others
    70. South
    71. Korea IoT Integration Market, BY Organization Size (USD Billion)
    72. Large
    73. Enterprises
    74. Small & Medium Enterprises
    75. South
    76. Korea IoT Integration Market, BY Application (USD Billion)
    77. Smart
    78. Healthcare
    79. Smart Retail
    80. Smart
    81. Building
    82. Energy & Utilities
    83. Smart
    84. Transportation
    85. Competitive Landscape
    86. Overview
    87. Competitive
    88. Analysis
    89. Market share Analysis
    90. Major
    91. Growth Strategy in the IoT Integration Market
    92. Competitive
    93. Benchmarking
    94. Leading Players in Terms of Number of Developments
    95. in the IoT Integration Market
    96. Key developments and growth
    97. strategies
    98. New Product Launch/Service Deployment
    99. Merger
    100. & Acquisitions
    101. Joint Ventures
    102. Major
    103. Players Financial Matrix
    104. Sales and Operating Income
    105. Major
    106. Players R&D Expenditure. 2023
    107. Company
    108. Profiles
    109. POSCO ICT
    110. Financial
    111. Overview
    112. Products Offered
    113. Key
    114. Developments
    115. SWOT Analysis
    116. Key
    117. Strategies
    118. Samsung Electronics
    119. Financial
    120. Overview
    121. Products Offered
    122. Key
    123. Developments
    124. SWOT Analysis
    125. Key
    126. Strategies
    127. SK Telecom
    128. Financial
    129. Overview
    130. Products Offered
    131. Key
    132. Developments
    133. SWOT Analysis
    134. Key
    135. Strategies
    136. Hanwha Techwin
    137. Financial
    138. Overview
    139. Products Offered
    140. Key
    141. Developments
    142. SWOT Analysis
    143. Key
    144. Strategies
    145. Hyundai Motor
    146. Financial
    147. Overview
    148. Products Offered
    149. Key
    150. Developments
    151. SWOT Analysis
    152. Key
    153. Strategies
    154. Sooil Development
    155. Financial
    156. Overview
    157. Products Offered
    158. Key
    159. Developments
    160. SWOT Analysis
    161. Key
    162. Strategies
    163. Zigbee Alliance
    164. Financial
    165. Overview
    166. Products Offered
    167. Key
    168. Developments
    169. SWOT Analysis
    170. Key
    171. Strategies
    172. CJ OliveNetworks
    173. Financial
    174. Overview
    175. Products Offered
    176. Key
    177. Developments
    178. SWOT Analysis
    179. Key
    180. Strategies
    181. LG Electronics
    182. Financial
    183. Overview
    184. Products Offered
    185. Key
    186. Developments
    187. SWOT Analysis
    188. Key
    189. Strategies
    190. KT Corporation
    191. Financial
    192. Overview
    193. Products Offered
    194. Key
    195. Developments
    196. SWOT Analysis
    197. Key
    198. Strategies
    199. Naver Corporation
    200. Financial
    201. Overview
    202. Products Offered
    203. Key
    204. Developments
    205. SWOT Analysis
    206. Key
    207. Strategies
    208. Daumsoft
    209. Financial
    210. Overview
    211. Products Offered
    212. Key
    213. Developments
    214. SWOT Analysis
    215. Key
    216. Strategies
    217. GS Group
    218. Financial
    219. Overview
    220. Products Offered
    221. Key
    222. Developments
    223. SWOT Analysis
    224. Key
    225. Strategies
    226. Kakao Corp
    227. Financial
    228. Overview
    229. Products Offered
    230. Key
    231. Developments
    232. SWOT Analysis
    233. Key
    234. Strategies
    235. Hynix Semiconductor
    236. Financial
    237. Overview
    238. Products Offered
    239. Key
    240. Developments
    241. SWOT Analysis
    242. Key
    243. Strategies
    244. References
    245. Related
    246. Reports
    247. LIST
    248. OF ASSUMPTIONS
    249. South Korea IoT Integration Market SIZE
    250. ESTIMATES & FORECAST, BY SERVICE, 2019-2035 (USD Billions)
    251. South
    252. Korea IoT Integration Market SIZE ESTIMATES & FORECAST, BY ORGANIZATION SIZE,
    253. 2035 (USD Billions)
    254. South Korea IoT Integration
    255. Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD Billions)
    256. PRODUCT
    257. LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    258. ACQUISITION/PARTNERSHIP
    259. LIST
    260. Of figures
    261. MARKET SYNOPSIS
    262. SOUTH
    263. KOREA IOT INTEGRATION MARKET ANALYSIS BY SERVICE
    264. SOUTH
    265. KOREA IOT INTEGRATION MARKET ANALYSIS BY ORGANIZATION SIZE
    266. SOUTH
    267. KOREA IOT INTEGRATION MARKET ANALYSIS BY APPLICATION
    268. KEY
    269. BUYING CRITERIA OF IOT INTEGRATION MARKET
    270. RESEARCH PROCESS
    271. OF MRFR
    272. DRO ANALYSIS OF IOT INTEGRATION MARKET
    273. DRIVERS
    274. IMPACT ANALYSIS: IOT INTEGRATION MARKET
    275. RESTRAINTS IMPACT
    276. ANALYSIS: IOT INTEGRATION MARKET
    277. SUPPLY / VALUE CHAIN:
    278. IOT INTEGRATION MARKET
    279. IOT INTEGRATION MARKET, BY SERVICE,
    280. (% SHARE)
    281. IOT INTEGRATION MARKET, BY SERVICE, 2019
    282. TO 2035 (USD Billions)
    283. IOT INTEGRATION MARKET, BY ORGANIZATION
    284. SIZE, 2025 (% SHARE)
    285. IOT INTEGRATION MARKET, BY ORGANIZATION
    286. SIZE, 2019 TO 2035 (USD Billions)
    287. IOT INTEGRATION MARKET,
    288. BY APPLICATION, 2025 (% SHARE)
    289. IOT INTEGRATION MARKET,
    290. BY APPLICATION, 2019 TO 2035 (USD Billions)
    291. BENCHMARKING
    292. OF MAJOR COMPETITORS

    South Korea IoT Integration Market Segmentation

     

     

     

    • IoT Integration Market By Service (USD Billion, 2019-2035)

      • Device and Platform Management
      • System Design and Architecture
      • Advisory Services
      • Database & Block Storage Management
      • Application Management Services
      • Third Party API Management Services
      • Others

     

    • IoT Integration Market By Organization Size (USD Billion, 2019-2035)

      • Large Enterprises
      • Small & Medium Enterprises

     

    • IoT Integration Market By Application (USD Billion, 2019-2035)

      • Smart Healthcare
      • Smart Retail
      • Smart Building
      • Energy & Utilities
      • Smart Transportation

     

     

     

     

     

     

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