Software as a Service - Sudan

  • Sudan
  • Revenue in the Software as a Service market is projected to reach US$5.74m in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.73%, resulting in a market volume of US$12.98m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$187.20bn in 2024).

Key regions: Japan, United Kingdom, United States, Italy, Germany

 
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Analyst Opinion

The Public Cloud Market in Sudan is experiencing minimal growth, impacted by factors such as limited internet infrastructure and low technology adoption. Despite this, the Software as a Service market within the region is steadily increasing as more businesses turn to cloud-based solutions for their software needs, driven by the convenience and cost-effectiveness offered by SaaS.

Customer preferences:
The public cloud market in Sudan is seeing a growing demand for Software as a Service (SaaS), as businesses and organizations are increasingly adopting digital solutions for their operations. This trend is driven by the need for remote collaboration and communication, as well as cost-effectiveness. Additionally, cultural nuances and a growing tech-savvy population are contributing to the rise of SaaS in Sudan, as more individuals and businesses are looking for efficient and convenient ways to manage their day-to-day tasks.

Trends in the market:
In Sudan, the Software as a Service Market within the Public Cloud Market is experiencing a surge in demand, with more organizations opting for cloud-based solutions to streamline their operations and reduce costs. This trend is expected to continue as the country's digital infrastructure improves, providing businesses with reliable access to the internet. As a result, there is a growing focus on developing and implementing locally tailored SaaS solutions to cater to the specific needs of Sudanese businesses. This presents significant opportunities for industry stakeholders, such as cloud service providers and software developers, to tap into this emerging market and establish a strong presence. However, this trend also brings challenges, including the need for effective data security measures and reliable internet connectivity. Therefore, stakeholders must stay abreast of these trends and adapt their strategies to capitalize on the growing demand for SaaS in Sudan.

Local special circumstances:
In Sudan, the Software as a Service Market within the Public Cloud Market is still in its nascent stage due to limited internet penetration and infrastructure challenges. However, the government's recent efforts to improve digital connectivity and promote e-governance initiatives could fuel the demand for SaaS solutions. Additionally, the local market is heavily influenced by cultural factors, such as the preference for face-to-face interactions and the reliance on traditional business practices. These factors may impact the adoption of SaaS in Sudan and present unique challenges for SaaS providers to navigate.

Underlying macroeconomic factors:
The Software as a Service Market within the Public Cloud Market in Sudan is influenced by various macroeconomic factors. Economic trends in the global market, such as the increasing adoption of cloud computing and the growing demand for digitalization, are driving the growth of this market. The national economic health of Sudan, including factors such as GDP growth, inflation rates, and government policies, also plays a significant role in shaping the performance of the market. Fiscal policies, such as taxation and trade regulations, can impact the cost of doing business and the overall market competitiveness. Moreover, other financial indicators, such as foreign direct investment and consumer spending, can also influence the market's growth potential.

Methodology

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.

Overview

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