South Korea Artificial Intelligence Market Trends, Scope & Forecast to 2033
South Korea Artificial Intelligence Market Trends, Scope & Forecast to 2033
South Korea Artificial Intelligence Market Overview
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 3.12 Billion
Market Forecast in 2033: USD 30.00 Billion
Market Growth Rate: 26.60% (2025-2033)
South Korea's AI industry is booming, driven by cutting-edge innovation and strong government backing. The market is poised for dynamic growth, fueled by digital transformation and global competitiveness. According to the latest report by IMARC Group, The South Korea artificial intelligence market size was valued at USD 3.12 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 30.00 Billion by 2033, exhibiting a CAGR of 26.60% from 2025-2033.
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South Korea Artificial Intelligence Industry Trends and Drivers:
Rapid growth in the South Korea artificial intelligence (AI) market is being driven by government initiatives, such as the AI National Strategy, and a technology ecosystem that includes decades of investment (over $3 billion annually). The increasing demand for AI solutions in health care, finance, and manufacturing, among others, expands moving the market forward with use cases such as predictive analytics, autonomous systems, and cognitive AI, all falling under the umbrella of AI. Coupled with South Korea’s advanced 5G connectivity and smart phone usage, Korea’s facilities for implementing AI in smart cities and IoT ecosystems are advanced. Both global technology firms - Samsung and LG - and new startups all contribute to the technology ecosystem, which promotes a competitive market environment.
In addition, South Korea has established a government budget for AI research and development (R&D), as well as funding for training programs to create thousands of AI talent, which could enhance the market potential. Ultimately, the surge in use of generative AI and machine learning technology is establishing new and innovative applications in natural language processing (NLP) and computer vision (CV) technologies. Furthermore, the efforts of AI regulators and ethical AI will continue to embrace market uncertainty potential and provide for positive growth. Otherwise, the increasing volume of companies partnering globally to develop their AI technologies and exported AI technologies relies upon the entering-of-market prepared and prepared-to-modify existing technologies. Without a doubt, the rising consumer adoption of AI and associated services, such as virtual assistants, amplifies demand. Based on these factors, the South Korea AI market is well positioned for continued growth with a forecast that factors in the technological development cycle and policy opportunities that continue to shape the market, and the rapidly growing global competition it adds to the mix.
South Korea Artificial Intelligence Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest south korea artificial intelligence market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
The report has segmented the market into the following categories:
Analysis by Offering:
- Hardware
- Software
- Services
Analysis by Technology:
- Machine Learning
- Natural Language Processing
- Others
Analysis by End Use Industry:
- IT and Telecom
- Healthcare
- Retail and E-Commerce
- Logistics and Transportation
- Manufacturing
- Consumer Electronics
- BFSI
- Others
Country Insights:
- Northern Mexico
- Central Mexico
- Southern Mexico
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the south korea artificial intelligence industry.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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