The Application Outsourcing market in CIS has been experiencing significant growth in recent years, driven by a number of factors including customer preferences, local special circumstances, and underlying macroeconomic factors.
Customer preferences: One of the main drivers of the Application Outsourcing market in CIS is customer preferences. Many businesses in the region are looking for cost-effective solutions to their IT needs, and outsourcing has emerged as an attractive option. Additionally, many companies are now looking for more specialized services, such as app development and maintenance, which can be difficult to find in-house.
Trends in the market: One trend that has emerged in the Application Outsourcing market in CIS is the increasing demand for customized solutions. As more businesses look to outsource their IT needs, they are also looking for providers who can offer tailored solutions that meet their specific requirements. Additionally, there is a growing trend towards cloud-based services, as companies look to take advantage of the scalability and flexibility that these solutions offer.
Local special circumstances: Another factor driving the growth of the Application Outsourcing market in CIS is local special circumstances. Many countries in the region have a large pool of highly skilled IT professionals, which has helped to attract outsourcing providers from around the world. Additionally, many governments in the region have implemented policies to support the development of the IT sector, which has helped to create a favorable business environment for outsourcing providers.
Underlying macroeconomic factors: Finally, the growth of the Application Outsourcing market in CIS is also being driven by underlying macroeconomic factors. The region has experienced strong economic growth in recent years, which has led to an increase in demand for IT services. Additionally, the region's proximity to Europe and Asia has made it an attractive location for outsourcing providers looking to expand their global footprint.Overall, the Application Outsourcing market in CIS is expected to continue to grow in the coming years, driven by a range of factors including customer preferences, local special circumstances, and underlying macroeconomic factors. As the market evolves, providers will need to continue to innovate and adapt to meet the changing needs of their customers.
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.
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