Other IT Services - Eastern Asia

Eastern Asia

The Other IT Services market in Eastern Asia is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach a staggering US$37.92bn by 2024.
This growth is anticipated to continue at an annual growth rate of 3.12% from 2024 to 2029.
As a result, the market volume is estimated to reach US$44.22bn by 2029.
Furthermore, when considering the average Spend per Employee in the Other IT Services market, it is projected to reach US$41.51 in 2024.
This figure highlights the level of investment in the industry and the value placed on skilled IT professionals in Eastern Asia.
In terms of global comparison, United States is expected to generate the highest revenue in the Other IT Services market.
Projections indicate that United States will generate a significant amount of US$151.10bn in 2024.
This showcases the dominance of the United States in this market segment.
Overall, the Other IT Services market in Eastern Asia is poised for substantial growth in the coming years, with impressive revenue projections and a strong focus on investing in skilled IT professionals.
In Eastern Asia, Japan is leading the way in the Other IT Services market, with a strong focus on advanced technological solutions and efficient project management.

Key regions: China, United Kingdom, Germany, Netherlands, India

Market

Region

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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.