IT Outsourcing - Jordan

Jordan

The IT Outsourcing market in Jordan is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$143.90m by 2024.
Furthermore, a steady annual growth rate of 9.33% is anticipated from 2024 to 2029, resulting in a market volume of US$224.80m by the end of the forecast period.
In terms of spending, the average Spend per Employee in the IT Outsourcing market is estimated to be US$45.52 in 2024.
This indicates the potential for substantial investment in the sector, further fueling its expansion.
When comparing the global market, United States is expected to generate the highest revenue in the IT Outsourcing market industry.
With a projected revenue of US$197.30bn in 2024, United States will maintain its position as a dominant player in the market.
These figures highlight the immense growth potential and opportunities that the IT Outsourcing market in Jordan presents.
As the country continues to develop its technological infrastructure and foster a business-friendly environment, it is likely to attract more investments and establish itself as a key player in the global IT Outsourcing market industry.
Jordan has emerged as a leading destination for IT outsourcing, leveraging its skilled workforce and competitive costs.

Key regions: Brazil, Italy, United States, China, Germany

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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Market

Region

Region comparison

Currency

Analyst Opinion

Jordan, a country in the Middle East, has been experiencing a steady growth in its IT outsourcing market in recent years.

Customer preferences: One of the main reasons for this growth is the increasing demand for cost-effective and high-quality IT services from Western countries. Jordan's IT outsourcing industry has been able to capitalize on this demand by offering a range of services, including software development, web design, and data analytics.

Trends in the market: Moreover, Jordan's IT outsourcing market has been witnessing a shift towards more specialized and niche services, such as mobile app development and cloud computing. This trend is driven by the increasing adoption of mobile devices and cloud-based technologies in Western countries, which has created new opportunities for IT outsourcing providers in Jordan.

Local special circumstances: Another factor contributing to the growth of Jordan's IT outsourcing market is the country's strategic location, which allows it to serve as a gateway between the Middle East and Europe. This has helped Jordan to attract foreign investment and establish partnerships with Western companies looking to expand their operations in the region.

Underlying macroeconomic factors: Furthermore, Jordan's IT outsourcing market has been supported by favorable macroeconomic conditions, including a stable political environment, a skilled workforce, and government support for the IT sector. The government has implemented policies to promote the growth of the IT industry, such as tax incentives and funding for research and development.In conclusion, Jordan's IT outsourcing market has been experiencing steady growth in recent years, driven by increasing demand for cost-effective and high-quality IT services from Western countries, a shift towards more specialized and niche services, the country's strategic location, and favorable macroeconomic conditions. As a result, Jordan's IT outsourcing industry is well-positioned to continue its growth trajectory in the coming years.

Methodology

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.