Contact
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)
Key regions: France, United Kingdom, Australia, Canada, South Korea
The Enterprise Software market in Bhutan has seen significant growth in recent years.
Customer preferences: Bhutanese customers are increasingly seeking enterprise software solutions that can help them streamline their business processes, increase efficiency, and reduce costs. Cloud-based solutions are particularly popular, as they offer scalability, flexibility, and affordability.
Trends in the market: One of the key trends in the Bhutanese Enterprise Software market is the adoption of cloud-based solutions. As more businesses in Bhutan look to digitize their operations, cloud-based solutions are becoming increasingly popular due to their affordability, scalability, and flexibility. Another trend is the increasing demand for enterprise software solutions that can help businesses comply with regulatory requirements.
Local special circumstances: Bhutan is a small country with a population of just over 750,000 people. The country has a relatively small economy, with most businesses being small or medium-sized enterprises. This means that enterprise software vendors need to tailor their solutions to the unique needs of Bhutanese businesses. Additionally, Bhutan has a strong focus on environmental sustainability and social responsibility, which means that enterprise software vendors need to take these factors into account when developing solutions for the Bhutanese market.
Underlying macroeconomic factors: Bhutan has seen strong economic growth in recent years, driven by the hydropower sector and the tourism industry. This has led to an increase in demand for enterprise software solutions that can help businesses manage their operations more efficiently. Additionally, the government of Bhutan has made significant investments in developing the country's IT infrastructure, which has helped to drive the adoption of enterprise software solutions.
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)