Key regions: Brazil, Germany, United Kingdom, Netherlands, China
Turkmenistan, a country in Central Asia, has been experiencing steady growth in its Application Outsourcing market.
Customer preferences: Turkmenistan's growing Application Outsourcing market is primarily driven by the increasing demand for software development services from companies in the country. As the economy continues to grow, more businesses are seeking to streamline their operations and improve their efficiency by adopting the latest technologies. This has led to a rise in demand for custom software development services, including web and mobile application development, software testing and maintenance, and IT consulting services.
Trends in the market: The Application Outsourcing market in Turkmenistan is witnessing a growing trend of outsourcing software development services to neighboring countries such as India, China, and Russia. This is due to the lack of a well-established IT infrastructure and a shortage of skilled IT professionals in the country. Companies in Turkmenistan are increasingly turning to offshore software development companies to access a larger pool of skilled IT professionals and to reduce costs.
Local special circumstances: Turkmenistan's government has been actively promoting the development of the IT sector in the country. The government has launched several initiatives to encourage the growth of the IT industry, including the establishment of technology parks, tax incentives for IT companies, and the provision of low-interest loans for IT startups. These initiatives have helped to create a favorable environment for the growth of the Application Outsourcing market in Turkmenistan.
Underlying macroeconomic factors: Turkmenistan's economy has been growing steadily in recent years, driven by the country's vast natural gas reserves. The government has been investing heavily in infrastructure development, including the construction of new roads, airports, and other transportation facilities. This has created new opportunities for businesses in the country, including those in the IT sector. As the economy continues to grow, more businesses are expected to adopt new technologies and services, which will further fuel the growth of the Application Outsourcing market in Turkmenistan.
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)
