Market Insights Technology IT Services IT Outsourcing

Administration Outsourcing - Central & Western Europe

Central & Western Europe

Revenue in the Administration Outsourcing market is projected to reach US$17.67bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.40%, resulting in a market volume of US$21.91bn by 2029.
The average Spend per Employee in the Administration Outsourcing market is projected to reach US$101.90 in 2024.
In global comparison, most revenue will be generated in the United States (US$27,290.00m in 2024).

Key regions: China, United States, Germany, India, Japan

Market

Region

Region comparison

Currency

Analyst Opinion

The Administration Outsourcing market in Central & Western Europe has been experiencing steady growth over the past few years.

Customer preferences: Businesses in Central & Western Europe have been increasingly outsourcing their administrative tasks to third-party service providers. This is due to the increasing complexity of administrative tasks and the need for cost-effective solutions.

Trends in the market: In Germany, the Administration Outsourcing market has been growing due to the high demand for back-office services in the financial sector. The market has also been driven by the need for compliance and regulatory support services.In France, the market has been growing due to the increasing demand for HR outsourcing services. This is due to the need for businesses to manage their workforce more efficiently and effectively.In the UK, the market has been growing due to the increasing demand for IT outsourcing services. This is due to the need for businesses to stay up-to-date with the latest technologies and innovations.

Local special circumstances: In Central & Western Europe, businesses are increasingly outsourcing their administrative tasks to countries in Eastern Europe, such as Poland and Romania. This is due to the lower labor costs and the availability of a highly skilled workforce.

Underlying macroeconomic factors: The growth of the Administration Outsourcing market in Central & Western Europe can be attributed to the overall growth of the outsourcing industry worldwide. The increasing complexity of administrative tasks and the need for cost-effective solutions have also contributed to the growth of the market. Additionally, the availability of a highly skilled workforce in Eastern Europe has made outsourcing an attractive option for businesses in Central & Western Europe.

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us 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 relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

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