Software

Burundi

Highlights

The Software market in Burundi is expected to witness significant growth in the coming years.
By 2024, the projected revenue for this market segment is estimated to reach US$17.05m.
Among the various segments within the Software market, Enterprise Software is expected to dominate with a projected market volume of US$7.48m in 2024.
Furthermore, the revenue in the Software market is anticipated to exhibit a compound annual growth rate (CAGR) of 9.25% from 2024 to 2029.
This growth rate is expected to result in a market volume of US$26.53m by 2029.
When compared globally, United States is projected to generate the highest revenue in the Software market.
In 2024 alone, the revenue from United States is estimated to be US$363.40bn.
This highlights the dominance of the United States in the global Software market.
In Burundi's software market, there is a growing demand for mobile applications that cater to the needs of the local population, particularly in the areas of agriculture and finance.

Key regions:

Definition:

In general, software is defined as a set of instructions written as programming code to execute specific tasks on a computing device. The Software market covers a wide range of software products and solutions that are publicly sold by various companies. Most software solutions in this market are designed for professional use, but some can also be suitable for personal use. They can also range from basic productivity tools such as word processors and spreadsheets to complex software solutions such as project management tools, graphic design software, and enterprise resource planning software.

Products in the 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.

Structure:

The market contains four markets that are based on the functionality of the software:

Productivity Software refers to application software that supports activities such as producing documents, spreadsheets, drawings, and presentations. This market includes Administrative Software, Collaboration Software, Office Software, Creative Software, and Construction and Design Software.
Enterprise Software refers to all software that supports essential large-scale business activities such as enterprise resource management, customer management, and supply chain activities. This market includes Enterprise Resource Planning Software, Customer Relationship Management Software, Business Intelligence Software, Supply Chain Management Software, Content Management Software, and Other Enterprise Software.
Application Development Software refers to software and tools that help the overall application development process.
System Infrastructure Software refers to software that provides the base framework for operating and managing organizational processes and services on hardware devices.

Additional Information:

The Software market comprises revenue and revenue change as the 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 in this market include Microsoft, Adobe, SAP, Oracle, and Salesforce.

For more information on the displayed data, use the info button right next to the boxes.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Burundi, a small country in East Africa, has seen a steady growth in its software market over the past few years.

Customer preferences: Burundian customers have shown a growing interest in software solutions that help them improve their business operations. As a result, there has been an increase in demand for software related to accounting, inventory management, and customer relationship management. Additionally, there has been a rise in demand for mobile applications that help users stay connected and informed.

Trends in the market: One of the major trends in the Burundian software market is the shift towards cloud-based solutions. With the increasing availability of high-speed internet, businesses are now able to access cloud-based software that offers greater flexibility and scalability. Another trend is the growing popularity of open-source software, which is becoming an attractive option for businesses looking to reduce their software costs.

Local special circumstances: Burundi is a landlocked country with limited access to the sea, which has resulted in higher transportation costs for goods and services. This has made it challenging for businesses to access the latest software solutions and has also led to higher prices for software products. Additionally, the country has a relatively small population, which has limited the size of the software market.

Underlying macroeconomic factors: Burundi is one of the poorest countries in the world, with a low GDP per capita and high levels of poverty. This has limited the purchasing power of individuals and businesses, which has in turn impacted the size and growth of the software market. Additionally, the country has faced political instability and social unrest in recent years, which has made it challenging for businesses to operate and invest in the country. However, the government has taken steps to improve the business environment by implementing policies that promote entrepreneurship and innovation.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises, except for the Enterprise Software segment, in which consumer (B2C) spending is not considered. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, level of digitization, GDP sector composition, and observed level of software piracy. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.