Market Insights Technology IT Services IT Outsourcing

Other IT Outsourcing - Kenya

Kenya

The Other IT Outsourcing market in Kenya is expected to witness significant growth in the coming years.
By 2024, the projected revenue for this market is estimated to reach US$86.35m.
This revenue is projected to grow at an annual compound growth rate (CAGR 2024-2029) of 6.61%, resulting in a market volume of US$118.90m by 2029.
Furthermore, the average Spend per Employee in the Other IT Outsourcing market in Kenya is expected to reach US$3.25 in 2024.
This indicates the level of investment and expenditure in the industry, highlighting the potential for growth and development.
In terms of global comparison, it is worth noting that United States is projected to generate the highest revenue in the Other IT Outsourcing market, amounting to US$68,890.00m in 2024.
This highlights the dominance of the United States in this industry and its position as a key player in the global market.
Overall, these numbers and projections indicate the potential for growth and development in the Other IT Outsourcing market in Kenya.
With the right strategies and investments, the country can position itself as a competitive player in this market segment.
Kenya's Other IT Outsourcing market is experiencing rapid growth due to its skilled workforce and competitive labor costs.

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.