Market Insights Technology Cybersecurity Security Services

Managed Services - Gambia

Gambia

The Managed Services market in Gambia is expected to see a significant boost in revenue, with projections indicating it will reach US$2.82m by 2025.
Furthermore, the market is anticipated to maintain a steady growth rate, with a compound annual growth rate (CAGR 2025-2029) of 4.17%.
This growth trajectory is expected to result in a market volume of US$3.32m by 2029.
When examining the Managed Services market, one important metric to consider is the average Spend per Employee.
In Gambia, this figure is projected to rise to US$2.64 in 2025, reflecting the potential for increased investment and expenditure within the market.
It is worth noting that in a global context, United States is set to lead the way in terms of revenue generation within the Managed Services market.
Projections indicate that United States will generate a substantial amount of revenue, with an estimated value of US$10,600.0m in 2025.
This highlights the dominance of the United States in the global market segment.
Overall, the Managed Services market in Gambia is poised for growth, with revenue projections and market volume indicating a positive outlook for the coming years.
Due to its limited technological infrastructure, Gambia's managed services market is experiencing slow growth and is focused primarily on basic IT support and maintenance.

Key regions: India, Germany, Canada, Europe, Belgium

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Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.