Market Insights Technology IT Services IT Outsourcing

Other IT Outsourcing - Algeria

Algeria

The revenue in the Other IT Outsourcing market in Algeria is estimated to reach US$116.70m in 2024.
According to projections, the market is expected to grow at an annual growth rate of 3.39% (CAGR 2024-2029), resulting in a market volume of US$137.90m by 2029.
It is worth noting that the average Spend per Employee in the Other IT Outsourcing market is projected to be US$9.08 in 2024.
When compared globally, it is anticipated that United States will generate the highest revenue in this market segment, amounting to US$68,890.00m in 2024.
Algeria's growing talent pool and favorable cost structure make it an attractive destination for other IT outsourcing in the IT services market.

Key regions: United Kingdom, India, United States, Japan, Brazil

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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.