The growth of South Korea's smart connected device market is expected to turn negative this year for the first time from growing market saturation, data showed on Tuesday.
According to the data compiled by market researcher IDC Corp., the country's smart connected device market, which includes smartphones and tablet PCs, is estimated at 21.85 trillion won (US$20.78 billion) for the year, down 7.9 percent from a year earlier. In terms of volume, a total of 28.3 million smart connected devices are expected to be shipped this year, also down 5 percent from a year earlier.
It is interesting to note that the Korean connected device market is the first in the world to reach near saturation and this poses some unique opportunities for the future of the market, which is widely seen as the most experienced in the world. Korea will increasingly become a barometer for trends within the industry, over the coming years.
Original Post: Yonhap News
Related Article List
‘COMEUP 2023’ Concludes with a Grand Finale, Establishing Itself as the leading Global Startup Event in South Korea
Chowis Collaborates with L’Oréal Professionnel Paris in India to Revolutionize Hair Care Service
CHOWIS to Develop Customized Cosmetics Diagnostic Platform in Partnership with Kolmar Korea
Korean Craft Beer Maker GGeek Company Wins Gold at 2024 International Beer Cup
Gadget Korea Showcases Superalink eSIM Platform at GITEX 2024 in Dubai, Transforming Global Data Roaming
