Market Insights Technology IT Services IT Outsourcing

Other IT Outsourcing - North Macedonia

North Macedonia

The projected revenue in the Other IT Outsourcing market in North Macedonia is expected to reach US$16.35m in 2024.
This is based on the anticipated annual growth rate of 5.90% from 2024 to 2029, resulting in a market volume of US$21.78m by 2029.
In terms of the average Spend per Employee in this market segment, it is projected to reach US$17.31 in 2024.
When comparing the revenue generated globally, United States is expected to lead with a projected revenue of US$68,890.00m in 2024.
North Macedonia is emerging as a competitive destination for Other IT Outsourcing due to its skilled workforce and cost-effective services.

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.