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