Application Development Software - Burundi

The country of Burundi is expected to witness significant growth in the Application Development Software market.
By 2024, the revenue in this market is projected to reach US$4.92m.
Furthermore, the market is expected to showcase a steady annual growth rate (CAGR 2024-2029) of 9.98%.
This growth trajectory will propel the market volume to US$7.92m by the year 2029.
In a global context, it is worth noting that United States will dominate this market segment, generating a substantial revenue of US$91.95bn in 2024.
Burundi's application development software market is experiencing a surge in demand, driven by the country's growing tech-savvy youth population.

Definition:

The Application Development Software market covers software development tools used by developers to design, create, test, and deploy applications. These applications can be anything from mobile apps and web-based software to complex enterprise applications. Examples of software solutions in the Application Development Software market include a wide range of tools and technologies, such as integrated development environments (IDEs), code editors, compilers, debuggers, testing and deployment tools, and programming languages.

Products in the Application Development Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Application Development Software market comprises revenue and revenue growth as the key performance indicators. Only the 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 the 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).

Key players in this market include Microsoft (Visual Studio), Eclipse, IntelliJ IDEA, NetBeans, and Xcode.

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Application development software, such as Simplifier, Salesforce Platform, and Microsoft Visual Studio
Application and infrastructure middleware, such as Oracle Fusion Middleware, IBM WebSphere Application Server, and Microsoft BizTalk Server
Data management software, such as AWS, SAP Master Data Governance, and SQL Server Integration Service
Application platforms, such as Zoho Creator, Quickbase, and Salesforce Platform
Platform as a service (PaaS), such as Microsoft Azura, Google Cloud, and Engine Yard

Collaboration software, such as Google, Slack, and Zoom
Business intelligence and analytic software, such as Tableau, Zoho Analytics, and IBM
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

Amidst the growing market for Application Development Software in Africa, Burundi has also witnessed a steady increase in the demand for these software solutions.

Customer preferences: In Burundi, businesses are increasingly adopting digital solutions to streamline their operations and enhance their productivity. The demand for Application Development Software is primarily driven by small and medium-sized enterprises (SMEs) that are looking for cost-effective ways to manage their operations. These businesses prefer software solutions that are easy to use and can be customized to meet their specific needs.

Trends in the market: The Application Development Software market in Burundi is witnessing a shift towards cloud-based solutions. Cloud-based software solutions offer several benefits such as scalability, flexibility, and cost-effectiveness. With the increasing availability of high-speed internet, businesses in Burundi are increasingly adopting cloud-based solutions to manage their operations. Additionally, the market is witnessing a growing demand for mobile applications. With the increasing penetration of smartphones, businesses are looking for mobile applications that can help them manage their operations on the go.

Local special circumstances: Burundi is one of the poorest countries in the world, with a significant portion of the population living below the poverty line. The country has a small and underdeveloped technology sector, with limited access to funding and resources. However, the government has been taking steps to promote the growth of the technology sector. The government has introduced several initiatives to promote the adoption of digital solutions, including tax incentives and subsidies for businesses that adopt digital solutions.

Underlying macroeconomic factors: Burundi's economy is heavily reliant on agriculture, which accounts for over 90% of the country's exports. The country has been facing several challenges, including political instability, poor infrastructure, and limited access to funding. However, the government has been taking steps to promote economic growth, including investing in infrastructure and promoting foreign investment. The growth of the technology sector is seen as a key driver of economic growth in the country, and the government has been taking steps to promote the growth of the sector.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was 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, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, 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.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.