Key regions: Brazil, Germany, United Kingdom, Netherlands, China
Eastern Europe has emerged as a significant player in the global outsourcing market, with its application outsourcing market experiencing steady growth.
Customer preferences: One of the primary reasons for the growth of the application outsourcing market in Eastern Europe is the region's highly skilled workforce. The region has a large pool of talented IT professionals who are proficient in various programming languages. Additionally, Eastern Europe's proximity to Western Europe and favorable time zones make it an attractive outsourcing destination for European companies.
Trends in the market: Poland and Ukraine are the leading countries in the Eastern European application outsourcing market. Both countries have a large talent pool, favorable business environment, and competitive pricing. Poland, in particular, has become a popular destination for software development due to its highly skilled workforce, government support, and favorable tax policies. Ukraine, on the other hand, has a large number of IT graduates and a growing startup ecosystem, making it an attractive destination for both established companies and startups.
Local special circumstances: The application outsourcing market in Eastern Europe is also benefiting from the region's growing startup ecosystem. Many startups in the region are outsourcing their software development to local companies, driving demand for application outsourcing services. Additionally, the region's political stability and favorable business environment are attracting foreign companies to set up their development centers in Eastern Europe.
Underlying macroeconomic factors: The growth of the application outsourcing market in Eastern Europe is also driven by the region's macroeconomic factors. The region has experienced steady economic growth in recent years, with many countries in the region implementing economic reforms and attracting foreign investment. Additionally, the region has a large pool of highly educated and skilled workers, making it an attractive destination for outsourcing. The region's favorable business environment, low labor costs, and proximity to Western Europe are also contributing to the growth of the application outsourcing market in Eastern Europe.
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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