IT research report offers assessment for next year

KT economic research institute Digieco yesterday forecast that the Internet of Things (IoT) market will grow faster next year, along with high growth of affordable, or so-called altteul phones. It also predicted a heightened emphasis by the ICT industry on mobile security in 2014.

Digieco classified the IT industry into four categories: telecommunications, media and portal, service and manufacturing, and associated businesses.

It also outlined major issues for next year, including mobile virtual network operator (MVNO), or altteul, phones and the IoT market; over-the-top (OTT) content; mobile messenger and mobile advertisements for the media and portal sector; wearable computers; market expansion of the mobile business environment; information security and privacy for the IT service and manufacturing sector; and big data and mobile commerce for the IT-related businesses.

In the telecommunications industry, it expects that the spread of LTE and smartphones?will slow down next year, while altteul phones based on MVNO?and the IoT market will grow backed by the government’s creative economy policy.

For the media and portal industry, it expects that the spread of OTT service, intensified competition between global mobile messenger platforms and diversified advertising techniques of the mobile advertisement market to be the main issues.

In the IT service and manufacturing sector, the possibility of wearable devices stabilizing in the market will receive much attention, as interests in developing the new growth engines increase, Digieco said.

Also, market expansion of the mobile business environment and mobile information security and privacy will be major issues for the IT service and manufacturing sector

In the IT-related sector, whether the big data market will grow and the future growth of mobile commerce were cited as major issues.

BY KIM JUNG-YOON [kjy@joongang.co.kr]