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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
South Korea Artificial Intelligence Market Trends
The South Korean healthcare landscape is increasingly open to adopting health IT. All tertiary hospitals in the country use EMR systems to digitise patient data and store clinical images digitally, which are further analysed by AI. The government also plans to establish 18 smart hospitals by 2025, offering further opportunities to the South Korea artificial intelligence market.
Furthermore, in the manufacturing sector, the South Korean government aims to prioritise the use of AI-based industrial intelligence. By 2030, it aims to develop over 2,000 AI-based factories. As of May 2024, South Korea has 1,101 artificial intelligence startups. These companies collaborate with companies in the academic, research, and industrial sectors to develop and push the boundaries of AI technology. Key AI startups in South Korea include Krafton, Mathpresso, Zig Zag, Lunit, and Channel Talk.
South Korea Artificial Intelligence Market Report Snapshots
South Korea Artificial Intelligence Market Size
South Korea Artificial Intelligence Market Growth
South Korea Artificial Intelligence Market Trends
South Korea Artificial Intelligence Market Share
South Korea Artificial Intelligence Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market value was USD 1,185.90 million.
The market is projected to grow at a CAGR of 15.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 4,321.10 million by 2032.
The major drivers include the increasing government investment in AI, and incorporation of AI in automotive manufacturing and healthcare sectors.
The key trends aiding the market include an increasing number of AI focused startups and technological advancements in AI.
The major technologies considered in the market report include machine learning and natural language processing.
The major end uses of artificial intelligence include security, media and advertising, retail, automotive, healthcare, manufacturing, BFSI, and professional services.
The major players in the market include Samsung Electronics Co. Ltd, SK Telecom Co., Ltd., KT Corporation, LG Corporation, Kakao Enterprise Co. Ltd, Microsoft Corporation, Amazon Web Services, Inc., Google LLC, and Riiid, Inc., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124