IT Services - Netherlands

Netherlands

Revenue in the IT Services market is projected to reach €25.08bn in 2024.
IT Outsourcing dominates the market with a projected market volume of €9.84bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.28%, resulting in a market volume of €32.44bn by 2029.
The average Spend per Employee in the IT Services market is projected to reach €2.46k in 2024.
In global comparison, most revenue will be generated in the United States (€484.00bn in 2024).

Key regions: United States, China, India, Japan, Germany

Definition:
The IT Services market encompasses a wide range of services used by organizations to create, manage, and deliver information, and it includes services that provide assistance with various other business functions. The primary goal of IT services is to ensure that information technology infrastructure, applications, and systems are effectively implemented, operated, and optimized to support an organization's business objectives and requirements. The specific range of services offered may vary depending on the service provider and the client's requirements.

Structure:

IT Services contains four distinct markets that are based on different services:

IT Consulting & Implementation covers advisory services that help businesses evaluate their technology strategies and align them with their business strategies or internal processes.
Business Process Outsourcing (BPO) refers to the transfer of entire business processes or individual activities from a company to a third party and is often IT based. BPO covers a wide variety of business processes, usually either in the back office (e.g., human resources) or in the front office (e.g., customer service in call centers).
IT Outsourcing refers to the external contracting of all IT-related services instead of relying on company-owned resources. In an IT context, these activities include IT administration, IT application, and web hosting services.
The Other IT Services market covers revenues for areas that are not specifically mentioned in the other markets, such as system integration, software installation and support, and IT education and training.

Additional Information:

The IT Services market comprises revenues, revenue change, average spend per employee, and a list of the key players in the market and their consolidated revenues. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include IBM, Cognizant, Hewlett Packard Enterprise, and TCS.

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Analyst Opinion

The Dutch IT Services market has been experiencing a steady growth in recent years, driven by various factors such as increased digitization and automation, rising demand for cloud-based services, and the need for cybersecurity solutions.

Customer preferences: Dutch customers have been increasingly adopting digital technologies in their personal and professional lives, leading to a growing demand for IT services. The COVID-19 pandemic has further accelerated this trend, as remote work and online communication have become the new normal. Dutch businesses are also looking for ways to streamline their operations and reduce costs, which has led to an increased demand for automation and cloud-based solutions.

Trends in the market: One of the key trends in the Dutch IT Services market is the growing popularity of cloud-based services. Dutch businesses are increasingly moving their IT infrastructure to the cloud, as it offers greater flexibility, scalability, and cost savings. Another trend is the rising demand for cybersecurity solutions, as businesses seek to protect their data and systems from cyber threats. Managed services are also becoming more popular, as businesses look to outsource their IT operations to third-party providers.

Local special circumstances: The Dutch IT Services market is characterized by a high degree of competition, with many local and international players vying for market share. The market is also highly regulated, with strict data protection laws and regulations. This has led to a focus on compliance and security in the industry, with many providers offering specialized services in these areas. The Dutch government has also been promoting the development of the digital economy, with initiatives such as the Digital Agenda and the Smart Industry program.

Underlying macroeconomic factors: The Dutch economy has been performing well in recent years, with steady GDP growth and low unemployment rates. This has led to a favorable business environment for the IT Services industry, as businesses have more resources to invest in digital transformation and innovation. The Netherlands is also home to a highly educated and skilled workforce, which has helped to attract foreign investment and talent to the country. However, the ongoing COVID-19 pandemic has created uncertainty and disruption in the market, and the full impact of the crisis on the IT Services industry remains to be seen.

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.