The global revenue in the 'Application Outsourcing' segment of the IT services market was forecast to continuously increase between 2024 and 2029 by in total 5.9 billion U.S. dollars (+4.99 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 124.07 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Application Outsourcing' segment of the IT services market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition : Application Outsourcing refers to the market for all IT application services in a software production context, spanning from requirement assessments to concept and design of software applications. Furthermore, it includes the development (production), support, and maintenance of such software products and services by contracted service providers.
Application outsourcing allows organizations to leverage specialized skills, accelerate development timelines, reduce costs, and ensure efficient management of their applications.
Additional Information:
The Application Outsourcing 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 NEC, Accenture, Capgemini, VMware, and Hewlett Packard Enterprise.
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Statista. (April 30, 2024). Revenue of the application outsourcing market worldwide from 2020 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/forecasts/967679/it-application-outsourcing-services-revenue-in-the-world
Statista. "Revenue of the application outsourcing market worldwide from 2020 to 2029 (in billion U.S. dollars)." Chart. April 30, 2024. Statista. Accessed November 24, 2024. https://www.statista.com/forecasts/967679/it-application-outsourcing-services-revenue-in-the-world
Statista. (2024). Revenue of the application outsourcing market worldwide from 2020 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/forecasts/967679/it-application-outsourcing-services-revenue-in-the-world
Statista. "Revenue of The Application Outsourcing Market Worldwide from 2020 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/forecasts/967679/it-application-outsourcing-services-revenue-in-the-world
Statista, Revenue of the application outsourcing market worldwide from 2020 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/967679/it-application-outsourcing-services-revenue-in-the-world (last visited November 24, 2024)
Revenue of the application outsourcing market worldwide from 2020 to 2029 (in billion U.S. dollars) [Graph], Statista, April 30, 2024. [Online]. Available: https://www.statista.com/forecasts/967679/it-application-outsourcing-services-revenue-in-the-world
