Market Insights Technology IT Services IT Outsourcing

Other IT Outsourcing - Eastern Europe

Eastern Europe

The Other IT Outsourcing market in Eastern Europe is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$1.13bn by 2024.
Moreover, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 3.93%, leading to a market volume of US$1.37bn by 2029.
When it comes to the average Spend per Employee in this market, it is estimated to reach US$9.58 in 2024.
This indicates the value that companies are willing to invest in outsourcing their IT services in Eastern Europe.
In terms of global comparison, United States is expected to generate the highest revenue in the Other IT Outsourcing market.
It is projected to reach a staggering US$68,890.00m by 2024.
This highlights the dominant position of the United States in this industry.
Overall, these figures depict a promising future for the Other IT Outsourcing market in Eastern Europe, with strong revenue growth and a significant presence in the global market.
In Eastern Europe, the Other IT Outsourcing market is thriving, with Ukraine emerging as a top destination due to its highly skilled workforce and cost-effective solutions.

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.