Key regions: Brazil, Germany, United Kingdom, Netherlands, China
The demand for Application Outsourcing services in Eastern Asia has been steadily increasing in recent years.
Customer preferences: One of the main reasons for this growth is the increasing preference for outsourcing non-core activities by businesses in the region. Companies are looking to focus on their core competencies and outsource activities such as software development and maintenance to specialized service providers. Additionally, the availability of skilled and cost-effective labor in countries like China and India has made Eastern Asia an attractive destination for outsourcing.
Trends in the market: China and India are the two largest markets for Application Outsourcing services in Eastern Asia. In China, the market is being driven by the growth of the IT industry and the increasing adoption of digital technologies. The country has a large pool of skilled IT professionals and a favorable business environment, which has attracted many global companies to set up their operations in the country. India, on the other hand, has been a major player in the global outsourcing market for several years. The country has a large pool of English-speaking professionals and a well-established IT industry, which has made it a preferred destination for outsourcing services.
Local special circumstances: Japan is another important market for Application Outsourcing services in Eastern Asia. However, the market in Japan is unique compared to other countries in the region. The country has a mature IT industry, and many companies have already established their own in-house IT departments. Therefore, the demand for outsourcing services in Japan is mainly driven by the need to access specialized skills and expertise that may not be available in-house.
Underlying macroeconomic factors: The growth of the Application Outsourcing market in Eastern Asia can also be attributed to the favorable macroeconomic factors in the region. The region has experienced strong economic growth in recent years, which has led to an increase in the number of businesses and the demand for IT services. Additionally, the region has a large population of young professionals who are highly skilled in IT and are willing to work at competitive rates. These factors have made Eastern Asia an attractive destination for outsourcing services, and the market is expected to continue growing in the coming years.
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.
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