|[January 24, 2014]
Research and Markets: Cloud Computing Market in Korea 2014-2018: Government Aims to Contribute 10% of the Global Cloud Computing Market By 2014
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/q3gd5q/cloud_computing)
has announced the addition of the "Cloud
Computing Market in Korea 2014-2018" report to their offering.
The analysts forecast the Cloud Computing market in Korea to grow at a
CAGR of 22.16 percent over the period 2013-2018. One of the key factors
contributing to this market growth is the increase in government
initiatives to develop cloud computing facilities in the country. The
Cloud Computing market in Korea has also been witnessing the increased
demand for private cloud computing. However, the increasing concerns
regarding data security couldpose a challenge to the growth of this
Key vendors dominating this space are Amazon Web Services Inc., KT
Corp., Microsoft (News - Alert) Corp., and SK Telecom Co. Ltd.
Other vendors mentioned in the report are Computer Sciences Corp.,
Google Inc., IBM Corp., LG CNS, LG Uplus Corp., and Samsung (News - Alert) SDS Co. Ltd.
Commenting on the report, an analyst from the team said: There is a huge
demand for private cloud computing among government agencies and large
enterprises in Korea. Government agencies in Korea are concerned about
data security and are therefore looking to adopt more of private cloud
rather than public. Private cloud infrastructure is dedicated to a
single organization and assures a high level of security as it cannot be
accessed by other companies in the same data center. Large enterprises
in Korea are adopting a private cloud to have a greater control of their
data. In case of the public cloud, third-party providers are in charge
of the data systems. However, in a private cloud, organizations can
themselves maintain and monitor the data systems, which allow them a
complete oversight of their data.
For more information visit http://www.researchandmarkets.com/research/q3gd5q/cloud_computing
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