“ South Korea is currently at the nascent stage of developing its public cloud sector ”
JAY WEON KHYM COUNTRY MANAGER KOREA , DIGITAL REALTY
While South Korea ’ s digital economy already leads the world in some areas , like 5G , the country ’ s development in relative isolation from the rest of APAC and the west has left its public cloud and AI sectors behind the curve . As these verticals begin to see greater investment - both foreign and domestic - however , the next few years are poised to present immense opportunities for the companies with an established presence . “ South Korea is currently at the nascent stage of developing its public cloud sector , but the sector is poised to witness significant growth in the coming years ,” Khym explains . He highlights a recent study from BCG , which found the South Korean public cloud market is expected to double in size within five years , reaching $ 3.1 billion in 2023 . As of 2020 , the cloud utilisation rate by South Korean enterprises stood at just 12.9 %, less than half of the average OECD rate of 30.6 %. “ However , demand has since grown significantly , as many turn to cloud solutions to continue schooling , working and
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