Market Insights Technology IT Services IT Outsourcing

Other IT Outsourcing - Benelux

Benelux

The Other IT Outsourcing market in Benelux is anticipated to witness a significant growth in revenue, with projections indicating a substantial increase to US$5.39bn in 2024.
This growth is expected to continue at a steady pace, with an annual growth rate (CAGR 2024-2029) of 4.20%.
By 2029, the market is estimated to reach a volume of US$6.62bn.
Moreover, the average Spend per Employee in the Other IT Outsourcing market is projected to reach US$337.30 in 2024.
This highlights the value and investment companies in Benelux are willing to allocate towards their IT outsourcing needs.
In a global context, it is worth noting that United States is anticipated to generate the highest revenue in the Other IT Outsourcing market, with an estimated value of US$68,890.00m in 2024.
This further emphasizes the dominance of the United States in the global IT outsourcing industry.
In the Benelux region, there is a growing trend of companies outsourcing their IT services to local providers in order to leverage the country's strong technical expertise and favorable business environment.

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.