Enterprise Software - Angola

Angola

The Enterprise Software market in Angola is expected to see a significant increase in revenue, reaching US$161.60m in 2024.
Among the various software categories, Customer Relationship Management Software dominates the market, projected to reach a market volume of US$51.31m in the same year.
The market is anticipated to experience a steady annual growth rate of 5.60% from 2024 to 2029 (CAGR 2024-2029), resulting in a market volume of US$212.20m by 2029.
In terms of spending, the average Spend per Employee in the Enterprise Software market is projected to reach US$10.16 in 2024.
When compared globally, United States is expected to generate the highest revenue, with an estimated amount of US$150.50bn in 2024.
The demand for enterprise software in Angola is rapidly increasing as companies strive to improve their operational efficiency and gain a competitive edge in the market.

Key regions: France, United Kingdom, Australia, Canada, South Korea

Definition:

The Enterprise Software market covers software applications designed to support essential business activities by large organizations such as enterprise resource planning, customer relationship management, business intelligence, and supply chain management.

Products in the Enterprise 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 Enterprise Software market contains eight markets that are based on the functionality of the software:

Business Intelligence Software refers to software applications that support organizations to analyze, visualize, and report data.
Content Management Software refers to a wide range of software applications that support organizations to manage their digital content such as documents, images, and videos.
Customer Relationship Management Software refers to software applications that support organizations to manage their interactions with customers, clients, and prospects.
eCommerce Software refers to a wide range of software applications that support organizations to manage their online sales channels.
Enterprise Performance Management Software refers to software solutions that help organizations to manage and improve their performance across various areas, such as finance, operations, and strategy.
Enterprise Resource Planning Software refers to software applications that support organizations to manage, integrate and optimize important business activities related to resources such as people, finance, capital, materials, and orders.
Supply Chain Management Software refers to software applications that support organizations to manage their supply chain activities such as inventory optimization, supplier and vendor management, and logistic operations.
AI Development Tool Software refers to a specialized category of software designed to facilitate the creation, testing, deployment, and management of artificial intelligence (AI) models and applications.
Other Enterprise Software refers to aggregated revenues for the types of enterprise software that are not specifically mentioned in the other Enterprise Software markets, such as Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Additional Information:

The Enterprise Software market comprises revenue and revenue growth 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 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 SAP, Salesforce, Adobe, and Oracle.

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Market

Region

Region comparison

Currency

Analyst Opinion

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.

Methodology

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.