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Key regions: Netherlands, United States, Japan, Germany, Italy
The demand for IT outsourcing services in Finland has been steadily increasing in recent years.
Customer preferences: Finnish companies are increasingly looking for cost-effective ways to manage their IT needs, which has led to a growing demand for outsourcing services. Additionally, the shortage of skilled IT professionals in Finland has also contributed to the popularity of outsourcing.
Trends in the market: One of the major trends in the Finnish IT outsourcing market is the shift towards cloud-based services. Many companies are now opting for cloud-based solutions as they offer greater flexibility, scalability, and cost-effectiveness. Another trend is the increasing use of automation and artificial intelligence (AI) in IT outsourcing. This has led to greater efficiency and cost savings for companies.
Local special circumstances: Finland has a highly skilled workforce and a strong focus on innovation and technology. This has led to the emergence of several successful IT companies in the country. Additionally, the Finnish government has been actively promoting the growth of the IT sector, which has helped to create a favorable environment for outsourcing companies.
Underlying macroeconomic factors: The Finnish economy has been growing steadily in recent years, which has led to greater business confidence and investment. Additionally, Finland has a stable political environment and a highly educated workforce, which makes it an attractive location for outsourcing companies. The country also has a strong focus on sustainability and innovation, which has helped to create a supportive environment for IT 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.Mon - Fri, 9am - 6pm (EST)
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