Custom software development is one of the most popular directions of IT outsourcing for companies of all sizes. It allows SMEs, startups and large enterprises to quickly access the right technical talent, like remote developers for hire, and start working on a project with minimal delays.
Tasks of any size can be outsourced – from small fixes on existing projects to complete end-to-end product development from scratch or support for legacy systems.
Belod, you will find interesting statistics about the IT outsourcing market in Europe, like the most popular outsourcing destinations, the size of the industry in general, and other interesting facts and numbers. Also you can read a compare article about outsourcing and in-house software development.
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1. The IT outsourcing market revenue in Europe is projected to reach US$176.40 billion in 2024. It is expected to grow at a compound annual growth rate (CAGR 2024-2029) of 8.23%. — Statista
2. The time zone difference between EU providers also makes it easier to managing offshore teams, with fewer overlapping work hours and fewer scheduling conflicts.
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3. European countries offer affordable rates for outsourcing application development:
According to Clutch, there are more than 3,900 software development companies in Eastern Europe that provide outsourcing and outstaffing services. — Clutch
4. Top locations of IT outsourcing to Eastern Europe:
5. These countries have the largest number of skilled professionals working in the IT outsourcing and research and development sectors.
6. According to Eurostat, the region is home to a thriving community of more than 1.7 million IT professionals.
7. The most popular technologies among the IT companies in Eastern Europe:
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8. Compared to countries such as the USA, Australia or Canada, outsourcing to Europe can offer companies more affordable hourly rates.
9. More than a third of software engineers (36%) are located in Poland, another 25.6% in Ukraine, and 12.7% in Romania. — Grid Dynamics
10. Nearly 80% of Chief Information Officers (CIOs) in the Netherlands expect to outsource at the same rate or more in the coming years. This is the highest percentage in Europe. — CBI.eu
The UK is the most open to offshore outsourcing and the least cautious about doing business with developing countries of all the European markets. By 2022, technology jobs will account for 14% of all job opportunities in the UK.
11. According to Deloitte, outsourcers are already part of the delivery model in 65% of successful shared services organizations.
12. 77% of EU companies that outsource IT do so within the European Union. They also actively delegate to other European countries (17%), India (17%), the United Kingdom (14%), or the United States and Canada (11%). — Eurostat
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