Software as a Service - Tunisia

  • Tunisia
  • Revenue in the Software as a Service market is projected to reach US$35.78m 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 19.00%, resulting in a market volume of US$85.40m 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 Software as a Service market in the Public Cloud market in Tunisia is experiencing subdued growth due to various factors including limited internet access and infrastructure, slow adoption of digital technologies, and low awareness of online health services. However, with increasing government initiatives and investments in the digital sector, the market is expected to witness gradual growth in the coming years.

Customer preferences:
The growing demand for digital solutions in Tunisia has led to an increased adoption of Software as a Service within the Public Cloud Market. This is due to a shift towards remote work and collaboration, as well as the need for cost-effective and flexible software solutions. With the rise of mobile and internet usage, there has also been an increase in demand for mobile-based SaaS applications. Additionally, the younger population in Tunisia, who are more tech-savvy and digitally connected, are driving the demand for SaaS solutions, leading to a potential growth opportunity for SaaS providers in the country.

Trends in the market:
In Tunisia, the Software as a Service Market within the Public Cloud Market is experiencing a shift towards a subscription-based model, as businesses look for more cost-effective solutions. This trend is driven by the increasing demand for flexibility and scalability, as well as the growing adoption of cloud computing. As a result, there has been a rise in the number of SaaS providers in the country, offering a wide range of services such as customer relationship management, human resources management, and project management. This trend is expected to continue, with implications for industry stakeholders such as software vendors, cloud service providers, and businesses looking to leverage the benefits of SaaS. It also highlights the need for businesses to stay updated with the latest technologies and embrace digital transformation to remain competitive in the market.

Local special circumstances:
In Tunisia, the Software as a Service Market within the Public Cloud Market is influenced by the country's growing technology sector and its strategic location as a gateway to the African market. The government's focus on developing the ICT sector and promoting a business-friendly environment has also contributed to the growth of the market. Additionally, Tunisia's strong cultural ties with European countries have made it an attractive destination for foreign investment, further boosting the demand for cloud-based services.

Underlying macroeconomic factors:
The Software as a Service Market within the Public Cloud Market in Tunisia is influenced by macroeconomic factors such as technological advancements, government support, and investment in IT infrastructure. Countries with favorable regulatory environments and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited IT funding. Additionally, the increasing adoption of cloud-based solutions by businesses and government agencies is driving the demand for Software as a Service, as it offers cost-effectiveness and scalability.

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