SINSIWAY (CEO Jung Jae-hoon), a database (DB) security company, announced on the 8th that it received the commendation of excellent companies to participate in education at the "SaaS Transition and Utilization Education of Software Companies" organized by the Korea Software Technology Promotion Association (KOSTA).


Software company SaaS conversion and utilization education is an educational program provided by the Korea Software Technology Promotion Association to small and medium-sized companies that need successful cloud business model transition.

In order to develop integrated data security software in the cloud, Shin Si-way is actively expanding its investment in competency education and R&D necessary for software transformation by opening a cloud development organization last year and establishing a cloud business team this year.


SINSIWAY supplies products in major cloud marketplaces in Korea, breaking the record of highest sales every year. According to the "Cloud Industry Survey" released by the Ministry of Science and ICT, the average annual growth rate of domestic clouds from 2019 to 2021 was 18%, and the average annual growth rate of new Siway clouds was 79%, more than quadrupling.

Major sales growth factors include cloud conversion of administrative and public institutions, cloud priority conversion of small and medium-sized systems, and increased demand for security software due to increased cloud software.


"As the global cloud security market is expected to reach USD 77.5 billion (KRW 97.2 trillion) by 2026, security companies must understand the trends and trends of the times and pursue business strategies to accelerate market penetration," said Yoo Kyung-seok, executive director of customer division.