Application Outsourcing - Qatar | Statista Market Forecast

Revenue in the Application Outsourcing market is projected to reach US$77.01m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.87%, resulting in a market volume of US$80.43m by 2029.
The average Spend per Employee in the Application Outsourcing market is projected to reach US$36.77 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.

For more information on the data displayed, use the info button right next to the boxes.

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 Qatar has been experiencing steady growth in recent years.

Customer preferences: Qatari businesses are increasingly turning to application outsourcing as a means of reducing costs and improving efficiency. Many companies are looking to outsource non-core functions, such as application development and maintenance, in order to focus on their core competencies. Additionally, the growing popularity of cloud computing and mobile technology has created a need for specialized expertise that many Qatari companies do not possess in-house.

Trends in the market: One of the key trends in the Qatari Application Outsourcing market is the growing demand for customized solutions. Qatari businesses are looking for solutions that are tailored to their specific needs and requirements, rather than off-the-shelf products. This has created opportunities for smaller, niche providers who can offer highly specialized services. Another trend is the increasing use of automation and artificial intelligence in application outsourcing. This allows for faster and more efficient development and maintenance of applications.

Local special circumstances: Qatar is a small country with a relatively small economy. As a result, many Qatari businesses are looking to expand into international markets in order to grow. Application outsourcing can help these businesses to compete on a global scale by providing them with the technology and expertise they need to succeed. Additionally, Qatar is investing heavily in infrastructure and technology as part of its National Vision 2030 plan. This has created a need for specialized expertise in areas such as smart cities, digital transformation, and cybersecurity.

Underlying macroeconomic factors: The Qatari economy has been growing steadily in recent years, driven by the country's vast oil and gas reserves. However, the government is looking to diversify the economy and reduce its reliance on hydrocarbons. This has led to increased investment in sectors such as technology and finance. Additionally, Qatar is preparing to host the 2022 FIFA World Cup, which has created opportunities for businesses in a range of sectors, including application outsourcing. Overall, the Qatari Application Outsourcing market is expected to continue to grow in the coming years, driven by these underlying macroeconomic factors and the changing needs of Qatari businesses.

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.