South Korea Data Analytics Market Size, Share, and COVID-19 Impact Analysis, By Type (Prescriptive Analytics, Predictive Analytics, Customer Analytics, Descriptive Analytics, and Others), By Solution (Security Intelligence, Data Management, Data Monitoring, Data Mining), and South Korea Data Analytics Market Insights, Industry Trend, Forecasts to 2035.

South Korea Data Analytics Market Insights Forecasts to 2035

• The South Korea Data Analytics Market Size was estimated at USD 1.39 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 26.83% from 2025 to 2035
• The South Korea Data Analytics Market Size is Expected to Reach USD 18.99 Billion by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Data Analytics Market Size is anticipated to reach USD 18.99 Billion by 2035, growing at a CAGR of 26.83% from 2025 to 2035. The rise in AI and big data adoption, the need for real-time business intelligence across industries, government initiatives for digital transformation, the expansion of cloud computing infrastructure, and the growing demand for predictive analytics in healthcare and finance are all contributing factors to South Korea's growing market share in data analysis.

Market Overview

The South Korea data analytics market includes the services, tools, and technologies that let businesses gather, process, evaluate, and use data to gain insights that can be put to use. This market covers a range of analytics types, including diagnostic, predictive, prescriptive, and descriptive analytics, and it caters to a number of industries, including manufacturing, retail, healthcare, and finance. Additionally, The South Korean data analytics market is expanding rapidly due to a number of important factors that work together to influence its course. First off, companies are now being compelled to use analytics to extract valuable insights due to the growing amounts of data being produced. As digital technologies proliferate, companies are realizing more and more how important it is to leverage the enormous amounts of data that are available to them. In addition, the emergence of cutting-edge technologies like machine learning and artificial intelligence has completely changed the field of data analytics. Moreover, the outlook for the South Korean data analysis market is improving as a result of government initiatives encouraging the adoption of cloud technology, which further solidify this trend by guaranteeing data security and adherence to changing regulations.

Report Coverage

This research report categorizes the market for the South Korea data analytics market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea data analytics 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 data analytics market.

Driving Factors

Analytics solutions that provide quick and precise insights, improving operational efficiency, have become more popular as a consequence of the growing need for real-time decision-making capabilities. Additionally, businesses must use data analytics to obtain a competitive advantage due to the competitive environment. Businesses must incorporate analytics into their decision-making processes if they want to remain ahead of the competition in their respective sectors. Additionally, during the forecast period, the market growth in South Korea is further fueled by growing awareness of the transformative potential of data analytics across a variety of sectors.

Restraining Factors

It can be difficult to integrate contemporary data analytics solutions with the legacy systems used by many Korean businesses. Integration efforts are made more difficult by the language barrier, as the majority of systems are set up in Korean. This circumstance frequently results in higher implementation costs and delays for data analytics solutions.

Market Segmentation

The South Korea data analytics market share is classified into type and solution.

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

The South Korea data analytics market is segmented by type into prescriptive analytics, predictive analytics, customer analytics, descriptive analytics, and others. Among these, the predictive analytics segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. It is extensively used in fields like customer behavior analysis, risk management, and demand forecasting. Government programs encouraging digital transformation and data utilization support the South Korean predictive analytics market.

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

The South Korea data analytics market is segmented by solution into data management, data monitoring, and data mining. Among these, the data management segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. driven by the growing use of cloud-based solutions that facilitate easy accessibility, data integration, and collaboration. This change is especially noticeable in industries where effective data management is essential to operational success, like banking, financial services, insurance, and healthcare.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea data analytics 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

• Korea Credit Data
• Datarize
• Desilo
• Aimmo
• CryptoQuant
• IGAWorks
• OnePredict
• SelectStar
• Others

Recent Developments:

• In December 2024, The South Korean government launched hiring for the National Integrated Bio Big Data Construction Project, a landmark healthcare initiative valued at 606 billion won (more than $400 million USD). Over the following eight years, the project collected clinical and genomic information from one million individuals, including those with rare and severe illnesses. Beginning in 2026, researchers at hospitals and universities gained access to this vast database, facilitating advancements in precision medicine and digital healthcare.

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 data analytics market based on the below-mentioned segments:

South Korea Data Analytics Market, By Type

• Prescriptive Analytics
• Predictive Analytics
• Customer Analytics
• Descriptive Analytics
• Others

South Korea Data Analytics Market, By Solution

• Security Intelligence
• Data Management
• Data Monitoring
• Data Mining