Market Insights Technology IT Services IT Outsourcing

Other IT Outsourcing - China

China

China, a country known for its strong presence in the global IT market, is expected to make significant contributions to the Other IT Outsourcing market industry.
By 2024, revenue in this market segment is projected to reach US$9.32bn.
This impressive figure is a testament to the country's growing prominence in the IT outsourcing sector.
Looking ahead, the Other IT Outsourcing market is forecasted to demonstrate a steady annual growth rate (CAGR 2024-2029) of 6.18%.
This positive trend is expected to propel the market volume to US$12.58bn by 2029.
This growth can be attributed to the continuous demand for IT outsourcing services and China's ability to deliver high-quality solutions.
In terms of the average Spend per Employee, the Other IT Outsourcing market is projected to reach US$11.84 in 2024.
This metric highlights the value and efficiency of the services provided by Chinese IT outsourcing companies.
It also underscores the country's competitive advantage in delivering cost-effective solutions without compromising on quality.
When it comes to global comparison, United States is expected to generate the highest revenue in the Other IT Outsourcing market, with a staggering US$68,890.00m projected for 2024.
This figure reflects United States' position as a major player in the IT industry, but it also showcases the potential for growth and market share that in China possesses.
Overall, China's presence in the Other IT Outsourcing market is poised to strengthen and contribute significantly to its growth.
With its robust IT infrastructure, skilled workforce, and competitive pricing, in China is well-positioned to capture a substantial portion of the market and establish itself as a key player in the global IT outsourcing landscape.
China's dominance in the global IT outsourcing market is fueled by its vast pool of highly skilled professionals and cost-effective solutions.

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.