Application Outsourcing - Italy

  • Italy
  • Revenue in the Application Outsourcing market is projected to reach US$2.07bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.29%, resulting in a market volume of US$2.04bn by 2029.
  • The average Spend per Employee in the Application Outsourcing market is projected to reach US$79.70 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$42,860.00m in 2024).

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

 
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Analyst Opinion

The Application Outsourcing market in Italy has been steadily growing in recent years, driven by a number of factors.

Customer preferences:
Italian businesses are increasingly turning to outsourcing their application development and maintenance needs to specialized providers, as they seek to streamline their operations and focus on their core competencies. This is particularly true for small and medium-sized enterprises (SMEs) that lack the resources to maintain an in-house IT department.

Trends in the market:
One trend that is driving the growth of the Application Outsourcing market in Italy is the increasing adoption of cloud computing and Software-as-a-Service (SaaS) solutions. This has led to a shift in the way that businesses approach application development, with many now opting for more flexible, scalable solutions that can be accessed from anywhere.Another trend that is contributing to the growth of the market is the increasing demand for mobile applications. As more and more consumers use smartphones and tablets to access the internet, businesses are recognizing the need to develop mobile applications that can provide a seamless user experience across different devices and platforms.

Local special circumstances:
Italy has a large number of SMEs, which account for a significant portion of the country's economy. These businesses often lack the resources to maintain an in-house IT department, making outsourcing a more attractive option. Additionally, Italy has a highly skilled workforce with expertise in areas such as software development, which makes it an attractive location for outsourcing providers.

Underlying macroeconomic factors:
Italy is the third-largest economy in the Eurozone, and its GDP has been steadily growing in recent years. This has led to increased investment in the IT sector, as businesses seek to stay competitive in an increasingly globalized marketplace. Additionally, the Italian government has implemented a number of initiatives aimed at promoting innovation and entrepreneurship, which has helped to create a favorable business environment for outsourcing providers.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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