Other IT Services - G7

The Other IT Services market is anticipated to witness a substantial growth in the coming years.
By 2024, it is projected to reach a staggering revenue of US$262.60bn.
This growth is expected to continue with an annual growth rate (CAGR 2024-2029) of 2.93%.
Consequently, the market volume is estimated to expand to US$303.40bn by 2029.
In terms of spending, the average Spend per Employee in the Other IT Services market sector is forecasted to reach US$0.65k in 2024.
This indicates a positive trend in terms of investment in this particular industry.
When comparing the global revenue generated by the Other IT Services market, it is noteworthy that United States leads the pack.
In 2024, it is expected to generate the highest revenue of US$151.10bn.
This signifies the dominance of the United States within the G7 countries in terms of revenue generation in the Other IT Services market sector.
In the G7 country of Japan, the market for Other IT Services is booming with a strong focus on innovative tech solutions.

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.