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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Apr 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
The Application Outsourcing market in Canada has seen steady growth in recent years.
Customer preferences: Canadian businesses are increasingly turning to Application Outsourcing services to reduce costs and increase efficiency. Many companies are looking for ways to streamline their operations and focus on their core competencies, which has led to a rise in demand for outsourcing services. Additionally, businesses are seeking access to specialized expertise and technology that may not be available in-house.
Trends in the market: One of the key trends in the Canadian Application Outsourcing market is the increasing adoption of cloud-based solutions. This trend is being driven by the need for greater flexibility and scalability, as well as the desire to reduce infrastructure costs. Additionally, there is a growing demand for mobile application development services, as more and more businesses seek to engage with customers through mobile devices.
Local special circumstances: One factor that is unique to the Canadian market is the country's bilingualism. Many businesses require services in both English and French, which has led to a need for outsourcing providers that can offer language support. Additionally, Canada's proximity to the United States has resulted in a high degree of cross-border business, which has created opportunities for outsourcing providers that can serve both markets.
Underlying macroeconomic factors: The Canadian economy has been relatively stable in recent years, with steady GDP growth and low unemployment. This has created a favorable business environment for outsourcing providers, as companies are more willing to invest in new projects and initiatives. Additionally, the country's highly skilled workforce and advanced technology infrastructure have made it an attractive location for outsourcing providers looking to expand their operations.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights