Software as a Service - Burundi | Statista Market Forecast

Revenue in the Software as a Service market is projected to reach US$1.31m in 2024.
0.0 dominates the market with a projected market volume of 0.0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 26.47%, resulting in a market volume of US$4.26m by 2029.
In global comparison, most revenue will be generated United States (US$187.20bn in 2024).

Definition:

Software as a Service (SaaS) refers to the type of public cloud service that delivers software applications over the internet on a subscription basis. Users can access and use the software through web browsers without having to install or maintain it locally. SaaS eliminates the need for purchasing, installing, and updating software, thus offering convenience and automatic updates while allowing users to focus on using the software to meet their requirements. The SaaS market includes the companies that provide these types of cloud-based software resources and services to individuals, businesses, and organizations. A typical example of this type of service is Microsoft Office 365, an SaaS suite of applications (e.g., Word, Excel, and PowerPoint) available for purchase by subscription and accessible via a web browser.

Additional Information:

The Software as a Service (SaaS) market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the SaaS market include companies such as Microsoft (Office 365), Salesforce (Customer 360), Oracle (Cloud applications), and IBM (Cloud).

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Enterprise software, such as SAP ERP, Oracle ERP Cloud, Salesforce CRM, and Microsoft Dynamics365
Productivity software, such as Microsoft 365, Google Workspace, and Adobe Creative Cloud

System infrastructure software, such as Microsoft Windows Operating System and Linux Operating System
On-premises software, such as on-premises versions of Microsoft Office, SAP ERP, and Oracle Database
Business-Process-as-a-Service (BPaaS), such as payroll management and accounting solutions via ADP Workforce Now, Intuit QuickBooks Online, Workday, and Oracle NetSuite

The Software as a Service market in the Public Cloud Market in Burundi is experiencing subdued growth, impacted by factors such as limited access to technology and low internet penetration rates. Despite this, the market is expected to see steady growth due to increasing digitization efforts and a growing demand for cloud-based solutions.

Customer preferences: The rise of remote work and virtual collaboration has accelerated the adoption of Software as a Service solutions, as businesses look for flexible and cost-effective ways to manage their operations. Increased reliance on cloud-based tools has also led to a growing demand for seamless integration and data security, with consumers prioritizing providers that offer robust compliance measures and customizable features. Additionally, there has been a notable shift towards subscription-based models, with consumers valuing the convenience and scalability of pay-as-you-go services.

Trends in the market: In Burundi, the Software as a Service Market within the Public Cloud Market is experiencing a significant increase in demand due to the growing trend of digitalization in various industries. This trend is expected to continue, with more organizations shifting towards cloud-based solutions for cost-effectiveness and scalability. Additionally, there is a rise in the adoption of subscription-based models, allowing businesses to access software applications and services without high upfront costs. This trend is significant for industry stakeholders as it presents opportunities for growth and innovation. However, it also poses challenges such as data security and privacy concerns that need to be addressed to ensure sustainable growth in the market.

Local special circumstances: In Burundi, the Software as a Service Market within the Public Cloud Market is influenced by its geographical location and limited internet infrastructure. Despite these challenges, the government's push for digital transformation and the growing economy have led to an increase in demand for cloud-based solutions. Additionally, cultural factors, such as the preference for mobile technology, have driven the growth of SaaS in the country. Regulatory challenges, such as data privacy laws, also play a crucial role in shaping the market dynamics.

Underlying macroeconomic factors: The Software as a Service Market within the Public Cloud Market in Burundi is greatly impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. As a developing country with limited resources and infrastructure, Burundi's market performance is highly dependent on the overall economic stability of the nation. Government policies and initiatives that support the growth of the public cloud market, along with investments in digital infrastructure and technology, can greatly impact the adoption and growth of Software as a Service in the country. Additionally, the availability of skilled labor and the purchasing power of consumers are important factors that influence the market's performance.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

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 is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.