South Korea’s NAVER Cloud partners with Software Industry Association for cloud growth
Published 7 May 2021
NAVER Cloud, the cloud computing arm of South Korea’s web search giant Naver, has announced a partnership with the Korea Software Industry Association (KOSA) that will see the formation of a cloud ecosystem in the country for further industry growth.
Both parties have signed an agreement to promote South Korea’s software industry by leveraging NAVER Cloud’s cloud platform and its corporate networks.
According to South Korean media, KOSA will also be pushing for more collaboration between local tech giants such as Kakao Enterprise and KT.
APAC’s cloud-based services market is worth $2.6 billion
This move by NAVER and KOSA will likely contribute to the continued growth of APAC’s cloud services market. A recent report by ISG revealed that spending on cloud-based services in the region reached $2.6 billion in 2021, with record increases in Infrastructure-as-a-Service (IaaS) and Software-as-a-Service (SaaS) technologies.
In South Korea, despite still being in its early stage of development, the country’s SaaS market is currently being supported by big-name international brands including Salesforce and Workday.
“Mutual growth in the SaaS market through cooperation with platform companies will not only help us secure a competitive edge but it is also a life-or-death decision.” said Cho Joon-hee, Chairman of KOSA.
“As transition to SaaS in South Korea continues to become slow when the global SaaS market is growing at a rapid rate, there are growing concerns about foreign SaaS companies dominating the country’s SaaS market.” he added.