Market Insights Technology IT Services IT Outsourcing

Other IT Outsourcing - Eastern Asia

Eastern Asia

The revenue forecast for the Other IT Outsourcing market in Eastern Asia is expected to reach US$18.41bn in 2024.
This projection indicates a steady growth rate, with an estimated annual growth rate of 4.88% from 2024 to 2029.
By 2029, the market volume is projected to expand to US$23.36bn.
Looking specifically at the average spend per employee in the Other IT Outsourcing market, it is projected to reach US$20.15 in 2024.
This figure reflects the amount spent per employee within this market segment.
In terms of global comparison, United States is expected to generate the highest revenue in the Other IT Outsourcing market, reaching US$68,890.00m in 2024.
This highlights United States' significant role in this industry.
In Eastern Asia, the Other IT Outsourcing market is thriving, with countries like China and India leading the way in providing cost-effective and high-quality IT services to global clients.

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

Market

Region

Region comparison

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.