Application Outsourcing - Croatia

  • Croatia
  • The projected revenue for the Application Outsourcing market in Croatia is expected to reach US$63.06m in 2024.
  • It is anticipated that the market will demonstrate an annual growth rate (CAGR 2024-2029) of 1.60%, resulting in a market volume of US$68.28m by 2029.
  • Moreover, the average Spend per Employee in the Application Outsourcing market in Croatia is projected to reach US$36.46 in 2024.
  • In comparison to other countries, United States is expected to generate the highest revenue in the global Application Outsourcing market, reaching US$42,860.00m in 2024.
  • Croatia is experiencing a growing demand for application outsourcing services, driven by its skilled IT workforce and competitive pricing.

Key regions: India, Italy, Germany, Brazil, Japan

 
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Analyst Opinion

The demand for Application Outsourcing services in Croatia has been increasing steadily in recent years.

Customer preferences:
Croatian companies are increasingly outsourcing their application development and maintenance needs to specialized service providers. This is driven by a desire to reduce costs, improve efficiency, and access specialized skills that may not be available in-house. Many Croatian companies are also looking to leverage the latest technologies to stay competitive in a rapidly evolving business environment.

Trends in the market:
One of the key trends in the Croatian Application Outsourcing market is the growing popularity of cloud-based services. As more and more companies move their applications to the cloud, there is a growing need for specialized service providers who can help them manage their cloud infrastructure and applications.Another trend is the increasing demand for mobile application development services. With the proliferation of smartphones and tablets, Croatian companies are looking to develop mobile applications that can help them engage with customers and improve their business processes.

Local special circumstances:
Croatia is a small market, and many Croatian companies are focused on serving the domestic market. As a result, there is a limited pool of skilled IT professionals available in the country. This has led many companies to look to outsourcing partners who can provide them with access to specialized skills and expertise.

Underlying macroeconomic factors:
Croatia is a member of the European Union, and its economy is closely tied to the broader European economy. The country has a relatively high level of economic development compared to many of its neighbors in the Balkans, which has helped to drive demand for Application Outsourcing services.In conclusion, the Application Outsourcing market in Croatia is growing as companies look to reduce costs, improve efficiency, and access specialized skills. The market is being driven by trends such as cloud-based services and mobile application development, and is being shaped by local factors such as the limited pool of skilled IT professionals in the country.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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