Market Insights Technology IT Services IT Outsourcing

Application Outsourcing - United Arab Emirates

United Arab Emirates

Revenue in the Application Outsourcing market is projected to reach US$303.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.34%, resulting in a market volume of US$324.20m by 2029.
The average Spend per Employee in the Application Outsourcing market is projected to reach US$43.75 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 United Arab Emirates has seen significant growth in recent years.

Customer preferences: The customers in United Arab Emirates are increasingly looking for cost-effective solutions for their IT needs. The trend is towards outsourcing IT services to specialized companies, which can provide high-quality services at a lower cost. The customers are also looking for customized solutions that can meet their specific requirements.

Trends in the market: The Application Outsourcing market in United Arab Emirates is witnessing a shift towards cloud-based solutions. The customers are looking for scalable and flexible solutions that can be easily integrated with their existing systems. The market is also witnessing an increase in demand for mobile application development services. The customers are looking for mobile applications that can help them to reach out to their customers more effectively.

Local special circumstances: United Arab Emirates is a rapidly developing country with a strong focus on technology. The government has launched several initiatives to promote the growth of the IT sector. The country is also home to several large multinational companies, which are driving the demand for IT services. The local market is highly competitive, with several local and international players vying for market share.

Underlying macroeconomic factors: The growth of the Application Outsourcing market in United Arab Emirates is being driven by several macroeconomic factors. The country has a strong economy, which is growing at a steady pace. The government is investing heavily in infrastructure development, which is creating new opportunities for IT services. The country also has a large pool of skilled IT professionals, who are driving innovation and growth in the sector.

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.