South Korea Managed Services Market Size, Share, and COVID-19 Impact Analysis, By Service Type (Managed IT Infrastructure & Data Center, Managed Network, Managed Communication & Collaboration, Managed Information, Managed Security, and Others), By Deployment Mode (On-premises and Cloud-based), and South Korea Managed Services Market Insights, Industry Trend, Forecasts to 2035.

South Korea Managed Services Market Insights Forecasts to 2035

• The South Korea Managed Services Market Size was Estimated at USD 5,794.2 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.00% from 2025 to 2035
• The South Korea Managed Services Market Size is Expected to Reach USD 8,016.3 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Managed Services Market Size is anticipated to reach USD 8,016.3 Million by 2035, Growing at a CAGR of 3.00% from 2025 to 2035. The market is driven by a number of important factors, including the growing complexity of IT infrastructures, the growing concern about cybersecurity in the digital age, the introduction of government initiatives to promote technological advancements, and the significant growth in the small and medium enterprise (SME) sector.

Market Overview

The South Korea managed services market refers to the outsourcing of business and IT operations, including network services, infrastructure management, cybersecurity, and cloud operations, to outside providers is referred to as the managed services market in South Korea. These services are intended to lower expenses, increase operational effectiveness, and free up companies to concentrate on their core strengths. Additionally, the continuous digital transformation of numerous industries is one of the major market opportunities in the South Korean managed services market. The need for managed services keeps growing as more companies adopt digital technologies like cloud computing, AI, and data analytics. By providing customized solutions that aid companies in their shift to digital environments, managed service providers can profit from this trend. MSPs can establish themselves as vital facilitators of digital transformation by utilizing their specific knowledge of cloud migration, AI integration, and cybersecurity. MSPs have the opportunity to provide comprehensive managed services that improve operational efficiency and security as a result of the growing demand for dependable and secure IT infrastructure in sectors like manufacturing, healthcare, and finance that are becoming more digitalized. Moreover, South Korea's managed services market is expanding as a result of government initiatives, especially those focused on digitization and smart city development. Demand for managed services is rising as a result of the government's emphasis on developing smart infrastructure and a digital economy, especially in fields like data management, cloud computing, and cybersecurity.

Report Coverage

This research report categorizes the market for the South Korea managed services 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 Japan electrodeposited copper foils 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 managed services market.

Driving Factors

The growing need for companies to optimize their IT infrastructure is one of the main factors propelling the managed services market in South Korea. By contracting with managed service providers (MSPs) to handle non-core IT functions, businesses are concentrating on increasing operational efficiency and cutting expenses. Because of this, companies can benefit from specialized knowledge without having to pay for in-house teams, which makes managed services a desirable choice for companies in a variety of sectors. Additionally, the expansion of the managed services market in South Korea is significantly influenced by the growing trend of cloud computing. Specialized cloud management and support services are becoming more and more necessary as more businesses move to the cloud.

Restraining Factors

The fierce rivalry between service providers is one of the major issues facing the managed services market in South Korea. Businesses are confronted with an overwhelming array of vendors as more domestic and foreign MSPs enter the market, which puts pressure on prices.

Market Segmentation

The South Korea managed services market share is classified into service type and deployment mode.

• The managed IT infrastructure and data center services segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea managed services market is segmented by service type into managed IT infrastructure & data center, managed network, managed communication & collaboration, managed information, Managed Security, and Others. Among these, the managed IT infrastructure and data center services segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This dominance stems from the nation's strong push for cloud adoption, digital transformation, and the need for scalable, secure IT environments, particularly among large corporations and public sector organizations.

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

The South Korea managed services market is segmented by deployment mode into on-premises and cloud-based. Among these, the cloud-based segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This dominance stems from the broad industry adoption of cloud computing, which is fueled by scalability, cost effectiveness, and government-sponsored digital transformation programs.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea managed services 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

• Samsung SDS
• LG CNS
• GITS
• Kairos
• Teksmobile / Teknowledge
• Others

Recent Developments:

• In September 2024, TCS launched two AI-powered cybersecurity solutions managed detection and response (MDR) and secure cloud foundation in collaboration with google cloud. The MDR service offered continuous, managed threat detection and response, while secure cloud foundation enhanced cloud security posture and governance across hybrid environments. Both solutions leveraged Google Cloud’s security tools to provide proactive enterprise protection.

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 Managed Services Market based on the below-mentioned segments:

South Korea Managed Services Market, By Type

• Managed IT Infrastructure & Data Center
• Managed Network
• Managed Communication & Collaboration
• Managed Information
• Managed Security
• Others

South Korea Managed Services Market, By Deployment Mode

• On-premises
• Cloud-based