eCommerce Software - Burundi | Statista Market Forecast

The eCommerce Software market in Burundi is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$152.80k by 2024.
This indicates a positive trajectory for the eCommerce Software market sector in the country.
Furthermore, the revenue is projected to exhibit an annual growth rate of 10.06% (CAGR 2024-2029).
This steady growth is expected to result in a market volume of US$246.80k by 2029.
These numbers showcase the potential for expansion and development within the eCommerce Software market in Burundi in the long run.
When it comes to the average Spend per Employee in the eCommerce Software market, it is estimated to reach US$0.03 by 2024.
This figure reflects the investment and resources allocated to each employee within the sector.
As the market continues to evolve, businesses in Burundi will likely focus on optimizing their workforce's efficiency and productivity.
In the global context, United States is anticipated to generate the highest revenue in the eCommerce Software market, with a projected value of US$4.36bn in 2024.
This underlines the dominance and strength of the US market in the eCommerce Software market industry worldwide.
Overall, the eCommerce Software market in Burundi holds promising prospects for growth and development.
The projected revenue and market volume numbers demonstrate the potential for the country to establish a strong presence in this sector.
Despite limited internet access, Burundi's eCommerce software market is growing steadily, driven by the increasing number of tech-savvy entrepreneurs.

Definition:

The eCommerce Software market covers a wide range of software applications that support organizations in managing their online sales channels. These solutions typically include features for managing product catalogs, automation of shopping carts, order management, inventory management, and handling order fulfillment.

Products in the eCommerce Software market are most commonly available in the forms of cloud-based software and subscription services.

Additional Information:

The eCommerce Software market comprises revenue and revenue growth as the key performance indicators. Only the 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 the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include Shopify, Salesforce, SAP, and Adobe.

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eCommerce software, such as BigCommerce, Shopify, WooCommerce, Salesforce Commerce Cloud, and Volusion
Product management, such as Jira Software (Atlassian) and CollabNet VersionOne
User accounts management, such as Microsoft, Okta, and OneLogin
Order management, such as SAP Order Management, Microsoft Dynamics 365 Commerce, and NetSuite Order Management

Administrative Software, such as ADP, Gusto, Workday, and SAP
Office Software, such as Microsoft, Google, and Zoho

The eCommerce Software market in Burundi is showing signs of growth and development as the country embraces digital transformation.

Customer preferences: Burundi has a young and growing population that is increasingly tech-savvy and connected. As a result, there is a growing demand for eCommerce software solutions that can provide a seamless online shopping experience. Customers are looking for software that is easy to use, secure, and reliable.

Trends in the market: One of the key trends in the eCommerce Software market in Burundi is the rise of mobile commerce. With more than half of the population owning a mobile device, mobile commerce is becoming an increasingly popular way for customers to shop online. As a result, eCommerce software providers are developing mobile-friendly solutions to meet this demand. Another trend is the increasing adoption of cloud-based eCommerce software solutions. These solutions offer greater flexibility, scalability, and cost-effectiveness compared to traditional on-premise solutions.

Local special circumstances: Burundi is a landlocked country with a relatively small economy. However, the government is investing in infrastructure and technology to support digital transformation and economic growth. The country also has a growing middle class that is driving demand for eCommerce software solutions. However, there are still challenges to overcome, such as limited internet access and a lack of trust in online payments.

Underlying macroeconomic factors: Burundi has a young and growing population, which is expected to drive economic growth in the coming years. The government is also implementing economic reforms to attract foreign investment and promote private sector development. However, the country still faces challenges such as political instability, poverty, and limited access to finance. These factors could impact the growth and development of the eCommerce Software market in Burundi in the long term.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.