Tech giants lock horns over Korean cloud market
May 2, 2016
Grazed from KoreaHerald. Author: Editorial Staff.
Tech giants from home and abroad are battling to garner a larger slice of the Korean market for cloud computing solutions, industry watchers said Monday, as local demand for the services is expected to grow sharply down the road. The Korean market for cloud computing solutions is expected to reach $1.2 billion in 2019, up from the $540 million posted in 2014, according to the data compiled by industry tracker Gartner.
Cloud computing solutions allow users to access their photos, documents and other content saved on servers through smartphones and PCs. The service has been gaining popularity around the globe, especially at the office, as it cuts down on costs. In January, U.S. tech giant Oracle held a large-scale cloud computing conference in Seoul to tap into the fast-growing Korean market. Oracle currently has around 70 million users through its clients in its cloud computing segment around the globe…
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