Key regions: Netherlands, Japan, China, United Kingdom, India
The Administration Outsourcing market in Portugal has seen significant growth in recent years.
Customer preferences: Portuguese companies are increasingly turning to outsourcing their administrative tasks to third-party providers in order to reduce costs and improve efficiency. This trend is particularly evident in small and medium-sized enterprises, which make up the majority of businesses in Portugal. These companies often lack the resources to hire in-house administrative staff, making outsourcing an attractive option.
Trends in the market: One trend that has emerged in the Portuguese Administration Outsourcing market is the increasing use of cloud-based solutions. This allows companies to access their administrative data from anywhere, at any time, and reduces the need for physical storage space. Another trend is the growing demand for services such as payroll processing and tax compliance, as companies seek to ensure compliance with local regulations.
Local special circumstances: One factor that has contributed to the growth of the Administration Outsourcing market in Portugal is the country's relatively low labor costs. This has made it an attractive location for outsourcing providers, who can offer their services at competitive rates. Additionally, the Portuguese government has implemented a number of measures to encourage foreign investment in the country, including tax incentives and streamlined administrative procedures.
Underlying macroeconomic factors: The growth of the Administration Outsourcing market in Portugal is also linked to broader macroeconomic trends. The country's economy has been steadily recovering since the global financial crisis, with GDP growth averaging around 2% in recent years. This has created a more favorable business environment, with companies feeling more confident about investing in their operations. Additionally, Portugal's membership in the European Union has facilitated trade and investment with other member states, providing further opportunities for outsourcing providers.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
