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Key regions: France, United Kingdom, Australia, Canada, South Korea
Angola, a country located in Southern Africa, has been experiencing a steady growth in the Enterprise Software market in recent years.
Customer preferences: Angolan businesses are increasingly opting for enterprise software solutions due to the need for more efficient and automated processes. This trend is particularly evident in the banking and finance, telecommunications, and oil and gas industries.
Trends in the market: The Enterprise Software market in Angola is primarily driven by the demand for cloud-based solutions. This is due to the increasing adoption of mobile devices and the need for remote access to software solutions. Additionally, the rise of e-commerce and online transactions has led to an increased demand for Enterprise Resource Planning (ERP) software solutions.
Local special circumstances: Angola has a rapidly growing economy, which has led to an increase in foreign investment. This has resulted in a surge of new businesses, both local and international, which has further driven the demand for enterprise software solutions. Additionally, the Angolan government has been investing heavily in infrastructure development, which has led to an increase in demand for software solutions in the construction industry.
Underlying macroeconomic factors: The Angolan economy has been growing steadily in recent years, with a focus on diversification away from its reliance on oil exports. This has led to an increase in demand for software solutions across various industries. Additionally, the government has been implementing policies to improve the ease of doing business in Angola, which has attracted foreign investment and further driven the growth of the Enterprise Software market.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)