This IDC study examines the application outsourcing services market and provides a forecast for the period from 2014 to 2018. The forecast for application outsourcing services in Canada continues to increase, in terms of spending, rising from C$2.1 billion in 2013 to C$2.55 billion at the end of 2018. Despite this increase, year-over-year growth rates continue to decline, falling from 5.3% in 2013 to 4.1% in 2018. From a segmented view, application management services spending is trending below 4% in annual growth, with spending increasing to C$2.15 billion in 2018 from C$1.8 billion in 2013. Hosted application management services spending is currently projected to rise from C$288 million in 2013 to C$400 million in 2018, producing a five-year CAGR of 6.8%.
"The application outsourcing services market continues to grow, although the pace of growth is slowing. The market for application outsourcing services is under pressure from new and emerging alternatives, which will continue to weaken the market over the long term," says Jim Westcott, research manager, Application Services.
Canadian Application Outsourcing Services 2014–2018 Forecast
May 01, 2014
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