With an increase in non-face-to-face environments and smart work environments resulting from the COVID-19 pandemic, the demand for cloud services has risen as well as accelerated cloud transformation by companies. According to the “Korea Cloud Opportunity Forecast by Industry, 2021–2025” published by IDC Korea, the annual growth rate of the domestic public cloud market will reach 14.8% by 2025 and the market size is expected to reach KRW 3.8952 trillion.

SINSIWAY is providing DB access control and DB encryption services through around 10 cloud marketplaces. We are the only enterprise providing DB access control and encryption services in the Korean cloud marketplaces. Since we first launched cloud service in 2017, we have been making a new record of sales every year by 2023.

Strengthening the Cloud Research & Development Team in 2022 and Establishing the Cloud Business Team in 2023, we are preemptively responding to changes in the cloud environment and enhancing our market competitiveness.

The newly organized Cloud Business Team consists of staff members responsible for technical support, sales, and marketing. Team leader Park Byeong-min directs cloud sales, technical support, and marketing. Sales representative Kim Han-byeol will strengthen systematic partnerships with CSP and MSP and cloud sales in the public and financial sectors. Senior managers Gang Ah-hyeon and Bae Yun, responsible for technical support, will focus on developing cloud competences for SaaS transformation, including technical support for cloud clients and partners. The 2023 goals of senior manager Yi So-yeong is to establish marketing strategies for expanding the cloud market and to conduct joint marketing more aggressively with the domestic cloud service provider CSP.

More and more Korean enterprises are providing cloud-based services, instead of physical servers, and the government is focusing on developing cloud technology. As cloud transformation is accelerating, it is expected that we can expand our cloud business even more through our Cloud Business Team.