Other IT Services - Worldwide

Worldwide

In 2024, the projected revenue for the Other IT Services market worldwide is estimated to reach a staggering US$0.41tn.
Looking ahead, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 3.20%, resulting in a market volume of US$0.48tn by 2029.
Furthermore, when considering the average Spend per Employee in the Other IT Services market, it is projected to reach US$115.50 in 2024.
This metric serves as an indicator of the financial resources allocated to each employee within the market segment.
Taking a closer look at the global landscape, the United States is expected to generate the highest revenue in the Other IT Services market, with an estimated amount of US$151.10bn in 2024.
This highlights the country's significant contribution to the overall market performance.

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.