Figure of the day: Application Services in Switzerland
According to PAC, Application-related services (consulting, system integration, training and application management) will generate a € 4.4 bn market in 2021 in Switzerland, making it the eight largest market in Western Europe. Following a moderate 3.5% decline in 2020, Switzerland is expected to be one of the few markets to exceed the 2019 level as early as 2021.
Switzerland represents the second largest among the DACH markets, generating 19% of the region, behind Germany (75%) and well ahead of Austria (19%). The region as a whole proved to be significantly more resilient than the European average. Switzerland benefited, among other, from its industry mix (strong food & beverage and pharmaceutical industry, strong financial sector).
More details in our market figures & forecasts on SITSI: