Other IT Services - EMEA

EMEA

The revenue forecast for the Other IT Services market in the EMEA region is estimated to reach US$144.50bn by 2024.
A steady annual growth rate of 3.13% is expected from 2024 to 2029, resulting in a market volume of US$168.60bn by 2029.
In terms of average Spend per Employee, the projection for the Other IT Services market in the EMEA region is set at US$137.90 in 2024.
When compared globally, United States is anticipated to generate the highest revenue in the Other IT Services market, with a projected revenue of US$151.10bn in 2024.
The demand for Other IT Services in EMEA is booming, especially in Germany, where companies are increasingly outsourcing their non-core IT functions to specialized service providers.

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

Market

Region

Region comparison

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.