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BMI View: South Korea's IT market is highly developed, with widespread use of IT products and solutions  by consumers, public authorities and enterprises. Despite the maturity of the market, we forecast strong  growth in 2013, and over our five-year forecast to 2017. We expect the market to expand at a compound  annual growth rate (CAGR) of 7.2% over 2013 to 2017, increasing slightly as a share of GDP. Key factors  underpinning this positive outlook include: a favourable policy environment that is promoting emerging  technologies such as cloud computing, machine-to-machine (or smart) infrastructure, and Big Data. In  addition, consumers have demonstrated a demand for the latest products in the hardware market, most  recently devices such as tablets, phablets and hybrids/ultra-thin notebooks. We believe t ...
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