IT Outsourcing - Sudan

  • Sudan
  • Revenue in the IT Outsourcing market is projected to reach US$489.80m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.31%, resulting in a market volume of US$764.50m by 2029.
  • The average Spend per Employee in the IT Outsourcing market is projected to reach US$34.50 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$197.30bn in 2024).

Key regions: Netherlands, United States, Japan, Germany, Italy

 
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Region
 
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Analyst Opinion

As the world becomes increasingly interconnected, more and more businesses are turning to IT outsourcing to stay competitive. Sudan is no exception to this trend, with a growing IT outsourcing market that is attracting both local and international clients.

Customer preferences:
Sudan's IT outsourcing market is driven by a number of factors, including cost savings, access to specialized skills, and the ability to scale up or down quickly in response to changing business needs. Many clients are attracted to Sudan's lower labor costs compared to other countries in the region, which can make outsourcing an attractive option for businesses looking to reduce their overheads.

Trends in the market:
One of the key trends in Sudan's IT outsourcing market is the growing demand for software development services, particularly in the areas of mobile app development and web development. As more businesses look to expand their online presence and reach new customers through digital channels, the demand for skilled software developers is on the rise. In addition, there is a growing interest in emerging technologies such as artificial intelligence and blockchain, which are creating new opportunities for IT outsourcing companies in Sudan.

Local special circumstances:
Sudan's IT outsourcing market is still relatively new compared to other countries in the region, but there are a number of factors that are driving its growth. One of the key advantages of outsourcing to Sudan is the country's strong education system, which produces a large pool of skilled graduates in fields such as computer science and engineering. In addition, Sudan has a favorable business environment with a relatively stable political climate, which makes it an attractive destination for foreign investment.

Underlying macroeconomic factors:
Despite these positive trends, there are also a number of challenges facing Sudan's IT outsourcing market. One of the biggest challenges is the country's underdeveloped infrastructure, which can make it difficult for companies to deliver services to clients in a timely and efficient manner. In addition, Sudan's economy is heavily reliant on the oil industry, which can make it vulnerable to fluctuations in global oil prices. However, there are also opportunities for IT outsourcing companies to help diversify the country's economy and reduce its reliance on oil exports. Overall, Sudan's IT outsourcing market is poised for continued growth in the coming years, as more businesses look to take advantage of the country's skilled workforce and favorable business environment.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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