IT Services - Denmark

  • Denmark
  • Revenue in the IT Services market is projected to reach €11.28bn in 2024.
  • IT Outsourcing dominates the market with a projected market volume of €4.44bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.48%, resulting in a market volume of €14.73bn by 2029.
  • The average Spend per Employee in the IT Services market is projected to reach €3.47k 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

 
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Comparaison de régions
 
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Analyst Opinion

Denmark, known for its high-tech industries, has a well-established IT services market that continues to grow at a steady pace.

Customer preferences:
Danish companies prioritize the use of technology to streamline business processes and improve efficiency. They are open to adopting new technologies and services that can help them stay competitive in the global market. This has led to a high demand for IT services such as cloud computing, cybersecurity, and software development.

Trends in the market:
One of the major trends in the Danish IT services market is the shift towards cloud-based solutions. With the increasing need for remote work and data storage, more companies are opting for cloud services to ensure secure data management and accessibility. Additionally, there is a growing demand for cybersecurity services to protect against cyber threats.Another trend is the rise of digital transformation in various industries. Companies are investing in digital technologies to improve customer experience, increase operational efficiency, and reduce costs. This has led to a high demand for IT consulting services that can help companies identify areas for digital transformation and implement the necessary changes.

Local special circumstances:
Denmark has a highly skilled workforce, with a focus on innovation and collaboration. This has led to the development of a strong startup ecosystem, with many companies specializing in IT services. Additionally, the Danish government has implemented policies to support the growth of the IT industry, such as tax incentives for research and development.

Underlying macroeconomic factors:
Denmark has a stable economy with a high standard of living. The country has a strong focus on sustainability and innovation, which has led to the development of a thriving tech industry. Additionally, Denmark has a strong digital infrastructure, with high internet penetration and a supportive regulatory environment for technology companies. These factors have contributed to the growth of the IT services market in Denmark.

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.

Vue d’ensemble

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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