IT Outsourcing - Burundi | Statista Market Forecast

Revenue in the IT Outsourcing market is projected to reach US$9.25m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.51%, resulting in a market volume of US$17.42m by 2029.
The average Spend per Employee in the IT Outsourcing market is projected to reach US$1.52 in 2024.
In global comparison, most revenue will be generated United States (US$197.30bn in 2024).

Definition:
The IT Outsourcing market refers to the external contracting of IT functions, services, or projects instead of relying on company-owned resources. By outsourcing IT tasks (e.g., to IT suppliers or software developers), enterprises are able to focus on their core functions and save internal resources and costs (e.g., office space, maintenance, and utilities). Thus, outsourcing teams becomes a viable cost resilience strategy in an environment where companies are looking to save money more than ever.

In an IT context, these activities include IT administration, IT application, and web hosting services. Non-IT-related outsourcing services are excluded.

Structure:

IT Outsourcing contains four distinct markets that are based on different services:

Administration Outsourcing refers to the market for services associated with the external sourcing of typical IT administration tasks such as hardware supply, setup, configuration, maintenance, security, and support.
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.
Web Hosting includes all types of internet hosting services that allow companies or individuals to provide access to their web page via the World Wide Web.
Other IT Outsourcing refers to aggregated revenues of the types of IT outsourcing that are not specifically mentioned in the other IT Outsourcing markets, such as infrastructure outsourcing, network outsourcing, and managed services.

Additional Information:

The IT Outsourcing market comprises revenues, revenue change, average spend per employee, and revenues of the outsourcing types. 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 IBM, Accenture, Capgemini, NTT, and Hewlett Packard Enterprise.

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Application outsourcing, such as ScienceSoft, Arcanys, and SumatoSoft
Administration outsourcing, such as Conduent, Genpact, and ADP (Automatic Data Processing)
Web hosting, such as GoDaddy, Bluehost, and Amazon Web Services
Infrastructure outsourcing, such as IBM Global Technology Services, Wipro Infrastructure Engineering, and Cognizant Infrastructure Services

Business process outsourcing, such as IBM, Infosys, and NTT Data
Professional payment outsourcing, such as Paychex, ADP (Automatic Data Processing), and WNS Global Services
Infrastructure as a service, such as Microsoft Azure, Alibaba Cloud, and DigitalOcean
Platform as a service, such as Microsoft Azura, Google Cloud, and Engine Yard
Non-IT related outsourcing

Burundi, a small country in East Africa, has been experiencing a steady growth in the IT Outsourcing market. This growth can be attributed to several factors such as customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences: One of the reasons for the growth of the IT Outsourcing market in Burundi is the increasing demand for cost-effective services. Many businesses in the country are looking for ways to reduce their operational costs and outsourcing IT services is one way to achieve this. Additionally, there is a growing preference for outsourcing IT services to companies that are able to provide customized solutions that meet specific business needs.

Trends in the market: The IT Outsourcing market in Burundi is experiencing a trend towards the outsourcing of more complex IT services. While basic IT services such as help desk support and data entry are still being outsourced, there is an increasing demand for more specialized services such as software development and cloud computing. This trend is driven by the need for businesses to stay competitive and to keep up with the latest technological advancements.

Local special circumstances: Burundi has a relatively small IT industry, which means that there is a shortage of skilled IT professionals in the country. This has created an opportunity for outsourcing companies to provide IT services to businesses in Burundi. Additionally, the country has a relatively low cost of living, which makes it an attractive location for outsourcing companies looking to reduce their operational costs.

Underlying macroeconomic factors: Burundi is a developing country with a growing economy. The government has been implementing policies aimed at promoting economic growth, which has led to an increase in foreign investment in the country. This has created a favorable business environment for outsourcing companies looking to set up operations in Burundi. Additionally, the country has a young and educated population, which provides a pool of skilled workers for outsourcing companies to tap into.In conclusion, the IT Outsourcing market in Burundi is growing due to a combination of factors such as customer preferences, local special circumstances, and underlying macroeconomic factors. As the country continues to develop, it is likely that the IT Outsourcing market will continue to grow, providing opportunities for both local businesses and outsourcing companies.

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.