Abstract
In this IDC study discusses how the Korea IT market has been losing its growth
momentum because of its maturity of the market, but avers that there will
always be potential business opportunities for growth. The challenge for local
players is finding these potential markets with better solutions. Therefore,
foreign vendors that have reasonable solutions, services, or business models,
and want to access the Korea market could be a part of the growing
opportunities with local players as potential partners. To achieve this,
vendors must fill the important portfolio gaps in the related
software/solution/vertical market in terms of the solution offered and
strategic partnerships with channels players in the local market.
"In many cases, local Independent software vendors (ISVs) equipped with
supporting capabilities are looking for the partnerships with other software
vendors to extend their service portfolios and revenues. Therefore, foreign
ISVs or other IT service providers (SPs) will be good potential partners for
them," says Soonyul Chang, senior research manager, IDC Korea.
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