Definition:
The IT Services market encompasses a wide range of services used by organizations to create, manage, and deliver information, and it includes services that provide assistance with various other business functions. The primary goal of IT services is to ensure that information technology infrastructure, applications, and systems are effectively implemented, operated, and optimized to support an organization's business objectives and requirements. The specific range of services offered may vary depending on the service provider and the client's requirements.
Structure:
IT Services contains four distinct markets that are based on different services:
Additional Information:
The IT Services market comprises revenues, revenue change, average spend per employee, and a list of the key players in the market and their consolidated revenues. 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, Cognizant, Hewlett Packard Enterprise, and TCS.
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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
Most recent update: Mar 2024
Source: Statista Company Insights
As the African continent continues to experience growth in the IT services market, Mozambique is no exception. With a young and tech-savvy population, the country has seen an increase in demand for IT services in recent years.
Customer preferences: Mozambican customers are increasingly looking for IT services that offer innovative solutions to their business needs. Cloud computing, cybersecurity, and data analytics are among the most sought-after services. Additionally, customers are looking for IT services that offer flexibility and scalability to accommodate their changing business needs.
Trends in the market: One of the main trends in the Mozambican IT services market is the rise of local IT service providers. These providers are offering innovative solutions that cater to the specific needs of Mozambican businesses. Another trend is the increasing adoption of cloud computing services, which provide cost-effective solutions for businesses of all sizes. Furthermore, there is a growing demand for cybersecurity services as businesses become more aware of the importance of protecting their data.
Local special circumstances: Mozambique is a country that has been through significant political and economic changes in recent years. The country has been recovering from a period of civil unrest, and the government has been working to attract foreign investment. As a result, there has been a growing interest in the country's IT services market, with many investors looking to capitalize on the country's potential.
Underlying macroeconomic factors: Mozambique's economy is heavily reliant on natural resources, particularly gas and coal. However, the government has been working to diversify the economy and promote other sectors, including the IT services sector. The country's young and growing population is also a driving force behind the growth of the IT services market. Additionally, Mozambique's strategic location on the east coast of Africa makes it an attractive destination for businesses looking to expand into the region.
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