Enterprise Software - Brunei Darussalam

Brunei Darussalam

Revenue in the Enterprise Software market is projected to reach US$15.21m in 2024.
Customer Relationship Management Software dominates the market with a projected market volume of US$4.72m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.32%, resulting in a market volume of US$18.79m by 2029.
The average Spend per Employee in the Enterprise Software market is projected to reach US$66.24 in 2024.
In global comparison, most revenue will be generated in the United States (US$150.50bn in 2024).

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.
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 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 SAP, Salesforce, Adobe, and Oracle.

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Market

Region

Region comparison

Currency

Analyst Opinion

Brunei Darussalam, a small country located on the island of Borneo, has been experiencing a steady growth in the enterprise software market.

Customer preferences: In Brunei Darussalam, customers are increasingly looking for enterprise software solutions that can help them streamline their business operations, improve efficiency, and reduce costs. Cloud-based solutions have become increasingly popular due to their affordability and ease of use. Customers are also looking for software that can be easily customized to meet their specific needs and requirements.

Trends in the market: One of the major trends in the enterprise software market in Brunei Darussalam is the increasing adoption of cloud-based solutions. This is due to the fact that cloud-based solutions are more affordable and easier to use than traditional on-premise solutions. Another trend is the growing demand for enterprise resource planning (ERP) solutions, which can help businesses integrate and manage their core business processes.

Local special circumstances: One of the unique factors in the Brunei Darussalam market is its small size. This means that there is a limited number of potential customers for enterprise software solutions. However, this also means that there is less competition in the market, which can be an advantage for software vendors. Additionally, the government of Brunei Darussalam has been actively promoting the use of technology in the country, which has helped to drive the growth of the enterprise software market.

Underlying macroeconomic factors: The Brunei Darussalam economy is heavily dependent on the oil and gas industry, which has been experiencing a decline in recent years. This has led to a greater focus on diversification, with the government promoting the development of other industries, including the technology sector. Additionally, Brunei Darussalam has a relatively young and tech-savvy population, which has helped to drive the adoption of enterprise software solutions.

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.