Market Insights Technology IT Services IT Outsourcing

Application Outsourcing - Jordan

Jordan

Revenue in the Application Outsourcing market is projected to reach US$31.06m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.83%, resulting in a market volume of US$34.00m by 2029.
The average Spend per Employee in the Application Outsourcing market is projected to reach US$9.83 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

Market

Region

Region comparison

Currency

Analyst Opinion

As technology continues to advance, the demand for application outsourcing services in Jordan is on the rise.

Customer preferences: Jordan's growing economy is attracting businesses from all over the world. As these businesses expand, they require customized software solutions to fit their unique needs. This has led to an increase in demand for application outsourcing services in the country. Companies are seeking outsourcing partners that can provide cost-effective, high-quality solutions that meet their specific requirements. Additionally, with the rise of remote work due to the COVID-19 pandemic, businesses are looking for outsourcing partners that can provide seamless remote collaboration.

Trends in the market: The application outsourcing market in Jordan is seeing a trend towards more complex and specialized software solutions. As businesses become more reliant on technology, they require more advanced software systems to manage their operations. This has led to an increase in demand for specialized outsourcing partners that can provide expertise in areas such as artificial intelligence, blockchain, and cloud computing. Additionally, there is a growing trend towards agile development methodologies, which require close collaboration between outsourcing partners and businesses.

Local special circumstances: Jordan's location in the Middle East provides a unique advantage for businesses looking to outsource their software development needs. The country has a highly educated workforce with a strong background in technology. Additionally, the government has implemented policies to support the growth of the technology sector, including tax incentives for businesses and investment in technology infrastructure. These factors make Jordan an attractive location for businesses looking to outsource their software development needs.

Underlying macroeconomic factors: The application outsourcing market in Jordan is being driven by a combination of global and local macroeconomic factors. Globally, the rise of digital transformation and the increasing importance of technology in business operations is driving demand for software development services. Locally, Jordan's growing economy and government support for the technology sector are creating a favorable business environment for outsourcing partners. Additionally, the COVID-19 pandemic has accelerated the trend towards remote work, making outsourcing an even more attractive option for businesses looking to manage their software development needs.

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.