South Korea Public Cloud Market Size, Share, and COVID-19 Impact Analysis, By Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), and South Korea Public Cloud Market Insights, Industry Trend, Forecasts to 2035

South Korea Public Cloud Market Insights Forecasts to 2035

• The South Korea Public Cloud Market Size was estimated at USD 15.3 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 14.09% from 2025 to 2035
• The South Korea Public Cloud Market Size is Expected to Reach USD 65.2 Billion by 2035

According to a Research Report Published by Spherical Insights & Consulting, The South Korea Public Cloud Market Size is anticipated to reach USD 3589.4 Billion by 2035, Growing at a CAGR of 14.09% from 2025 to 2035. Some of the main factors propelling the market are the growing need for scalable, reasonably priced, and adaptable cloud computing solutions; the growing demand for cloud-based collaboration and communication tools; and the growing emphasis on lowering the costs of information technology (IT) infrastructure.

Market Overview

The South Korea Public Cloud Market Size refers to the ecosystem of cloud computing services—such as storage, servers, databases, networking, software, and analytics that are made available to South Korean individuals, companies, and government agencies via the internet by third-party providers is known as the public cloud market in South Korea. Additionally, one of the key elements driving the market expansion in South Korea is the rising need for scalable infrastructure to manage fluctuating workloads. Furthermore, the growing use of public cloud to lower latency for real-time applications is bolstering the nation's market expansion. Aside from this, the growing need for public cloud computing to lower the cost of IT infrastructure and maximize operating expenses is providing a favorable market outlook. Moreover, businesses are increasingly using public clouds for data-driven decision-making, which is giving investors in the sector lucrative growth prospects.

Report Coverage

This research report categorizes the market for the South Korea public cloud 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 public cloud 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 public cloud market.

Driving Factors

South Korea's market is expanding as such of the introduction of cutting-edge technologies like artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) in the public cloud, which allow businesses to adopt solutions and remain competitive without requiring significant in-house developed solutions. The market is also expanding due to the growing use of public cloud, which is more environmentally friendly and energy-efficient than traditional data centers. In addition, South Korea's market is expanding due to the growing demand for cloud computing solutions that are scalable, reasonably priced, and adaptable. Furthermore, the country's market is being positively impacted by the growing demand for cloud-based collaboration and communication tools due to the rise in remote work environments.

Restraining Factors

In South Korea, cybersecurity issues continue to be a significant obstacle to cloud adoption, especially in highly regulated sectors like healthcare and finance. These industries are particularly vulnerable to cyberattacks since they handle private and sensitive financial information. Because of this, businesses are reluctant to move important tasks to the cloud unless they have solid guarantees of data security, compliance, and breach response procedures. Despite improvements in cloud security, widespread adoption may be slowed by concerns about possible flaws.

Market Segmentation

The South Korea public cloud market share is classified into service and enterprise size.

• The software as a service (SaaS) segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea public cloud market is segmented by service into infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Among these, the software as a service (SaaS) segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. driven by the broad industry adoption of programs like enterprise resource planning, CRM, and collaboration tools.

• 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 public cloud market is segmented by enterprise size into large enterprises and small and medium-sized enterprises. 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. These businesses are early and heavy users of cloud services because they usually have larger IT budgets, complex infrastructure requirements, and a strong drive for digital transformation.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea public cloud 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

• Naver Cloud
• Naver Cloud
• LG CNS
• Kakao Enterprise
• Amazon Web Services
• Others

Recent Developments:

• In April 2025, A major milestone in South Korea’s public cloud market had come in 2025, when Amazon Web Services (AWS) had officially entered the public sector cloud space. AWS had received the Cloud Security Assurance Program (CSAP) “Low” grade certification from the Korea Internet & Security Agency, allowing it to provide cloud services to public institutions such as local governments and schools.

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 Public Cloud Market based on the below-mentioned segments:

South Korea Public Cloud Market, By Service

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)

South Korea Public Cloud Market, By Enterprise Size

• Large Enterprises
• Small and Medium-sized Enterprises