Definition:
The IT Outsourcing market refers to the external contracting of IT functions, services, or projects instead of relying on company-owned resources. By outsourcing IT tasks (e.g., to IT suppliers or software developers), enterprises are able to focus on their core functions and save internal resources and costs (e.g., office space, maintenance, and utilities). Thus, outsourcing teams becomes a viable cost resilience strategy in an environment where companies are looking to save money more than ever.
In an IT context, these activities include IT administration, IT application, and web hosting services. Non-IT-related outsourcing services are excluded.
Structure:
IT Outsourcing contains four distinct markets that are based on different services:
Additional Information:
The IT Outsourcing market comprises revenues, revenue change, average spend per employee, and revenues of the outsourcing types. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include IBM, Accenture, Capgemini, NTT, and Hewlett Packard Enterprise.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Apr 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
The IT Outsourcing market in Peru has been steadily growing in recent years.
Customer preferences: Peruvian companies are increasingly outsourcing their IT services to reduce costs and improve efficiency. This trend is driven by the need for companies to focus on their core competencies and leave the technical aspects to specialized service providers. Additionally, the shortage of skilled IT professionals in Peru has led companies to look for outsourcing options to fill the gap.
Trends in the market: One of the major trends in the IT Outsourcing market in Peru is the growth of cloud-based services. Companies are increasingly adopting cloud-based solutions to reduce costs and improve flexibility. Another trend is the rise of nearshore outsourcing, where companies outsource their IT services to nearby countries such as Colombia and Chile. This trend is driven by the need for companies to reduce language and cultural barriers, as well as to take advantage of lower labor costs.
Local special circumstances: Peru has a relatively stable political and economic environment, which makes it an attractive destination for outsourcing services. Additionally, the country has a large pool of young and educated professionals who are proficient in English and other languages. This has made Peru an attractive destination for companies looking to outsource their IT services.
Underlying macroeconomic factors: The growth of the IT Outsourcing market in Peru is driven by several macroeconomic factors, including the country's stable economic growth, increasing foreign investment, and the government's efforts to promote the development of the IT sector. Additionally, Peru's strategic location and its membership in the Pacific Alliance trade bloc have made it an attractive destination for companies looking to expand their operations in the region. Overall, the IT Outsourcing market in Peru is expected to continue growing in the coming years, driven by the country's favorable business environment and the increasing demand for IT services.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights