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eCommerce Software - Sudan

Sudan

The Sudanese eCommerce Software market is expected to witness a significant increase in revenue, with a projected amount of US$1.08m in 2024.
This growth is anticipated to continue at an annual growth rate of 1.61% between 2024 and 2029, resulting in a market volume of US$1.17m by 2029.
In terms of average spend per employee in the eCommerce Software market, in Sudan is projected to reach US$0.08 in 2024.
This indicates that the market may have a different focus or business model compared to other countries.
However, on a global scale, United States is expected to generate the highest revenue in the eCommerce Software market, with a projected amount of US$4,364.00m in 2024.
This showcases the dominance of the US market in this particular segment.
Sudan's eCommerce software market is experiencing a surge in demand as businesses embrace digital platforms for online transactions.

Key regions: China, Japan, Germany, United Kingdom, France

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Analyst Opinion

The Sudanese eCommerce Software market has been steadily developing over the past few years.

Customer preferences: Sudanese customers have shown a growing preference for online shopping due to its convenience and accessibility. With a large portion of the population being tech-savvy and having access to smartphones and internet, eCommerce Software has become a popular choice for shopping.

Trends in the market: The eCommerce Software market in Sudan has seen a rise in the number of local startups offering online marketplaces and delivery services. These startups have been successful in catering to the needs of the local market by providing a wide range of products at affordable prices. Additionally, there has been a surge in the number of international eCommerce platforms entering the market, providing customers with a wider range of products to choose from.

Local special circumstances: The Sudanese market is unique due to the economic sanctions imposed on the country by the international community. This has led to limited access to international financial services, making it difficult for local businesses to conduct cross-border transactions. However, the recent lifting of some sanctions has opened up new opportunities for the eCommerce Software market to expand.

Underlying macroeconomic factors: The Sudanese economy has been struggling due to political instability, inflation, and a shortage of foreign currency. This has led to a decrease in consumer spending power and a rise in the cost of goods. However, the eCommerce Software market has been able to thrive despite these challenges, providing customers with affordable and convenient options for shopping. Additionally, the government has been working towards creating a more business-friendly environment, which has helped to attract more investors to the 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.