Application Outsourcing - Mauritius

Revenue in the Application Outsourcing market is projected to reach US$9.42m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.51%, resulting in a market volume of US$10.15m by 2029.
The average Spend per Employee in the Application Outsourcing market is projected to reach US$15.06 in 2024.
In global comparison, most revenue will be generated United States (US$42.86bn in 2024).

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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Concept and design of software applications, such as IBM iX (IBM Interactive Experience), Tata Consultancy Services (TCS), and EPAM Systems
Development and maintenance of software products, such as Infosys, Wipro, and HCL Technologies
Requirement assessments, such as ThoughtWorks, Accenture, and Intellectsoft

Administration outsourcing, such as Conduent, Genpact, and ADP (Automatic Data Processing)
Web hosting, such as GoDaddy, Bluehost, and Amazon Web Services
Strategic Technology Planning, such as BCG (Boston Consulting Group), EY (Ernst & Young), and PwC (PricewaterhouseCoopers)
Support or maintenance for business-internal software products

The Application Outsourcing market in Mauritius has been experiencing steady growth in recent years.

Customer preferences: Mauritian businesses are increasingly turning to Application Outsourcing services to improve their efficiency and reduce costs. This is largely due to the fact that outsourcing allows companies to focus on their core competencies while leaving the technical aspects of their business to experts. Additionally, outsourcing provides access to a larger pool of talent and expertise, which is especially important for small and medium-sized businesses that may not have the resources to hire and train their own technical staff.

Trends in the market: One trend that is driving the growth of the Application Outsourcing market in Mauritius is the increasing adoption of cloud-based technologies. Cloud-based solutions are more cost-effective and easier to manage than traditional on-premise solutions, making them an attractive option for businesses of all sizes. Additionally, the rise of mobile technologies has led to an increased demand for mobile application development services, which is another area where outsourcing can provide significant benefits.

Local special circumstances: Mauritius has a well-established outsourcing industry, with a large number of companies offering a wide range of services. The country has a highly skilled workforce, with many professionals trained in technical fields such as software development, engineering, and IT project management. This has helped to attract a number of multinational companies to Mauritius, which in turn has helped to drive the growth of the local outsourcing industry.

Underlying macroeconomic factors: The growth of the Application Outsourcing market in Mauritius is also being driven by a number of macroeconomic factors. The country has a stable political environment and a well-developed infrastructure, which makes it an attractive location for businesses looking to outsource their IT needs. Additionally, Mauritius has a highly educated workforce and a low cost of living, which makes it a cost-effective location for outsourcing services. Finally, the government of Mauritius has been actively promoting the outsourcing industry as a key driver of economic growth, which has helped to attract investment and create jobs in the sector.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Unseen yet omnipresent, Information Technology (IT) services are the invisible gears driving modern organizations. These services support business operations and digital transformation through outsourcing, managed services, security, data management, and cloud computing. By leveraging these services, companies enhance efficiency, reduce costs, and gain competitive advantages in a digital marketplace. Prominent cloud providers worldwide include Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba Cloud. In the managed services sector, Oracle, Accenture, and IBM are among the largest providers globally.