South Korea Custom Software Development Market Size, Share, and COVID-19 Impact Analysis, By Solution (Web-based Solutions, Mobile App, and Enterprise Software), By Enterprise Size (Large Enterprises, and Small Medium Enterprises (SMEs)), and South Korea Custom Software Development Market Insights, Industry Trend, Forecasts to 2035

South Korea Custom Software Development Market Size Insights Forecasts to 2035

• The South Korea Custom Software Development Market Size was estimated at USD 1.02 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 23.39% from 2025 to 2035
• The South Korea Custom Software Development Market Size is Expected to Reach USD 10.3 Billion by 2035

According to a Research Report Published by Spherical Insights & Consulting, the South Korea Custom Software Development Market Size is anticipated to reach USD 10.3 billion by 2035, growing at a CAGR of 23.39% from 2025 to 2035. Growing quickly as a result of increased demand for specialized enterprise solutions, robust government support for tech innovation, and accelerated digital transformation across industries. The rise in startups, broad cloud adoption, and incorporation of automation, IoT, and AI technologies into corporate processes all contribute to growth.

Market Overview

The South Korea custom software development market refers to the ecosystem of businesses and technologies that produce customized software solutions to satisfy particular business needs across sectors like finance, healthcare, manufacturing, government, and retail is referred to as the South Korean custom software development market. Additionally, the opportunities for integrating custom software development into industries like finance, healthcare, and education is astounding. These industries are under pressure to increase their digital capabilities, optimize workflows, and improve customer engagement. The advent of technologies like artificial intelligence, machine learning, and the Internet of Things has given software developers the chance to create novel solutions that tackle the intricate problems faced by South Korean businesses. Further, the government's continuous investment in technology and assistance for new businesses promotes growth in this area by allowing companies to use customized software solutions that better suit their unique requirements and goals.

Report Coverage

This research report categorizes the market for the South Korea custom software development market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea custom software development market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea custom software development market.

Driving Factors

One of the major factors propelling the South Korean custom software development market is the country's increasing use of automation and artificial intelligence (AI) technologies. Investments in AI research and application are skyrocketing as a result of the South Korean government's determination to lead the world in this technology. According to a forecast by the Korea Advanced Institute of Science and Technology, the South Korean AI market is expected to grow to a value of about 17 trillion South Korean won by 2030.There is a growing need for specialized software solutions that make use of these technologies as businesses like Naver and Kakao take the lead in incorporating AI into their offerings, propelling market expansion.

Restraining Factors

High development costs, a lack of specialized talent, data privacy issues, and difficulties integrating with legacy systems are some of the main obstacles facing South Korea's custom software development market. These problems restrict scalability, postpone deployment, and impede adoption in regulated industries and SMEs.

Market Segmentation

The South Korea custom software development market share is classified into solution and enterprise size.

• The enterprise software segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea custom software development market is segmented by solution into web-based solutions, mobile app, and enterprise software. Among these, the enterprise software segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The foundation of the South Korean custom software development market is still enterprise software, which helps businesses efficiently handle intricate processes.

• The large enterprises segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea custom software development market is segmented by enterprise size into large enterprises, small medium enterprises (SMEs). Among these, the large enterprises segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Large corporations have historically used cutting-edge technologies and significant financial resources to create unique software solutions that boost productivity and spur innovation.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea custom software development market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• In Time Tec South Korea
• SourceX
• Teksmobile / Teknowledge
• Mckinley & Rice Inc.
• Todos
• Samsung SDS
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Custom Software Development Market based on the below-mentioned segments:

South Korea Custom Software Development Market, By Solution

• Web-based Solutions
• Mobile App
• Enterprise Software

South Korea Custom Software Development Market, By Enterprise Size

• Large Enterprises
• Small Medium Enterprises (SMEs)