Key regions: Brazil, Germany, United Kingdom, Netherlands, China
The Gambia, located in West Africa, has been experiencing a steady growth in the Application Outsourcing market in recent years.
Customer preferences: The Gambia's IT sector has been growing over the years, with many companies outsourcing their application development needs to local firms. Many businesses prefer to outsource their application development to Gambia due to the country's relatively low cost of labor and the availability of skilled developers. Additionally, many Gambian IT companies have experience working with international clients, making them attractive to businesses looking to outsource their application development.
Trends in the market: One of the significant trends in the Gambian Application Outsourcing market is the increased demand for mobile application development. With the rise of mobile devices and the internet, many businesses are looking to develop mobile applications to reach a broader customer base. This trend has led to an increase in the number of Gambian IT companies specializing in mobile application development.Another trend in the Gambian Application Outsourcing market is the growing interest in cloud computing. Many businesses are looking to move their applications to the cloud to reduce costs and increase efficiency. Gambian IT companies are responding to this trend by offering cloud-based application development services.
Local special circumstances: The Gambia's small size and population make it a unique market for application outsourcing. While this limits the number of potential clients, it also makes it easier for IT companies to build relationships with their clients. Additionally, the Gambia's location in West Africa makes it an attractive location for businesses looking to expand into the region.
Underlying macroeconomic factors: The Gambian economy has been growing steadily over the past few years, with the IT sector playing a significant role in this growth. The government has been investing in the IT sector, with initiatives such as the creation of a technology park to attract foreign investment. Additionally, the country's political stability and favorable business environment make it an attractive location for foreign businesses looking to outsource their application development needs.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
