Application Outsourcing - Burundi

Revenue in the Application Outsourcing market is projected to reach US$2.22m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.10%, resulting in a market volume of US$2.98m by 2029.
The average Spend per Employee in the Application Outsourcing market is projected to reach US$0.37 in 2024.
In global comparison, most revenue will be generated United States (US$42.86bn in 2024).

Definition :
Application Outsourcing refers to the market for all IT application services in a software production context, spanning from requirement assessments to concept and design of software applications. Furthermore, it includes the development (production), support, and maintenance of such software products and services by contracted service providers.

Application outsourcing allows organizations to leverage specialized skills, accelerate development timelines, reduce costs, and ensure efficient management of their applications.

Additional Information:

The Application Outsourcing market comprises revenues, revenue change, average spend per employee, and a list of the key players in the market and their consolidated revenues. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include NEC, Accenture, Capgemini, VMware, and Hewlett Packard Enterprise.

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Concept and design of software applications, such as IBM iX (IBM Interactive Experience), Tata Consultancy Services (TCS), and EPAM Systems
Development and maintenance of software products, such as Infosys, Wipro, and HCL Technologies
Requirement assessments, such as ThoughtWorks, Accenture, and Intellectsoft

Administration outsourcing, such as Conduent, Genpact, and ADP (Automatic Data Processing)
Web hosting, such as GoDaddy, Bluehost, and Amazon Web Services
Strategic Technology Planning, such as BCG (Boston Consulting Group), EY (Ernst & Young), and PwC (PricewaterhouseCoopers)
Support or maintenance for business-internal software products

The Application Outsourcing market in Burundi has been steadily developing in recent years, driven by various factors that have contributed to the growth of the industry.

Customer preferences: Burundian companies have shown a growing interest in outsourcing their application development and maintenance needs to specialized service providers. This is primarily due to the need to reduce costs and improve the quality of their IT services. Additionally, many companies in Burundi lack the in-house expertise required to develop and maintain complex applications, which makes outsourcing a more viable option.

Trends in the market: One of the key trends in the Application Outsourcing market in Burundi is the increasing adoption of cloud-based solutions. Cloud-based outsourcing services offer several benefits, including cost savings, scalability, and flexibility. As a result, many companies in Burundi are now shifting towards cloud-based outsourcing models.Another trend in the market is the growing demand for mobile application development services. With the increasing use of mobile devices in Burundi, companies are looking to develop mobile applications to reach their customers and improve their overall user experience. This has led to a rise in demand for mobile application outsourcing services.

Local special circumstances: Burundi is a small country with a relatively small IT industry. As a result, there are limited local resources available for companies looking to develop and maintain their applications. This has created a need for outsourcing services, as companies in Burundi seek to leverage the expertise of specialized service providers from other countries.

Underlying macroeconomic factors: Burundi is one of the poorest countries in the world, with a low GDP per capita and high levels of poverty. However, the country has been making progress in recent years, with a growing economy and increasing foreign investment. This has led to a greater demand for IT services, including outsourcing services.In conclusion, the Application Outsourcing market in Burundi is developing due to a combination of factors, including customer preferences for cost-effective and high-quality IT services, the adoption of cloud-based solutions, and the growing demand for mobile application development services. Additionally, the lack of local resources and expertise has created a need for outsourcing services, which has further contributed to the growth of the industry.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Unseen yet omnipresent, Information Technology (IT) services are the invisible gears driving modern organizations. These services support business operations and digital transformation through outsourcing, managed services, security, data management, and cloud computing. By leveraging these services, companies enhance efficiency, reduce costs, and gain competitive advantages in a digital marketplace. Prominent cloud providers worldwide include Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba Cloud. In the managed services sector, Oracle, Accenture, and IBM are among the largest providers globally.