Market Insights Technology IT Services IT Outsourcing

Other IT Outsourcing - Chile

Chile

The Other IT Outsourcing market in Chile is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$242.90m in 2024.
This indicates a promising future for the industry.
Furthermore, experts anticipate a steady annual growth rate (CAGR 2024-2029) of 5.14%, which will contribute to a substantial market volume of US$312.10m by 2029.
This growth trajectory showcases the potential for expansion and development in the Other IT Outsourcing market in Chile.
When analyzing the market, it is essential to consider the average Spend per Employee.
Projections suggest that by 2024, this figure will reach US$25.18.
This indicates the level of investment and resources dedicated to each employee in the industry, highlighting the significance of the Other IT Outsourcing market sector in Chile's economy.
In terms of global comparison, United States is expected to generate the highest revenue in the Other IT Outsourcing market.
By 2024, the estimated revenue in the US is projected to be US$68,890.00m, reflecting the country's dominance in this sector.
Chile's Other IT Outsourcing market is thriving due to its highly skilled workforce and favorable business environment.

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

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Currency

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.