Market Insights Technology IT Services IT Outsourcing

Application Outsourcing - Spain

Spain

Revenue in the Application Outsourcing market is projected to reach €2.00bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.40%, resulting in a market volume of €2.04bn by 2029.
The average Spend per Employee in the Application Outsourcing market is projected to reach €81.50 in 2024.
In global comparison, most revenue will be generated in the United States (€39,740.00m in 2024).

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The demand for Application Outsourcing services in Spain has been on the rise in recent years.

Customer preferences: Spanish companies are increasingly outsourcing their application development and maintenance services to third-party vendors. This is due to the cost savings and improved efficiency that outsourcing can provide. Spanish companies are also looking for vendors that can provide specialized expertise in areas such as cloud computing, cybersecurity, and artificial intelligence.

Trends in the market: One trend in the Spanish Application Outsourcing market is the increasing adoption of Agile and DevOps methodologies. This is because these methodologies can help companies to develop and deploy applications more quickly and efficiently. Another trend is the growing use of automation tools, which can help to reduce costs and improve the quality of application development and maintenance.

Local special circumstances: Spain has a large number of small and medium-sized enterprises (SMEs) that are increasingly looking to outsource their application development and maintenance services. This is because SMEs often lack the resources to maintain an in-house IT team. Additionally, the Spanish government has been promoting the use of digital technologies in various sectors, which has further increased the demand for Application Outsourcing services.

Underlying macroeconomic factors: Spain has experienced steady economic growth in recent years, which has led to increased investment in IT infrastructure and digital technologies. Additionally, the country has a large pool of skilled IT professionals who can provide Application Outsourcing services to local and international clients. The Spanish government has also implemented various policies to encourage foreign investment in the country's IT sector. All of these factors have contributed to the growth of the Application Outsourcing market in Spain.

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.