Enterprise Resource Planning Software - Burundi

The Enterprise Resource Planning Software market in Burundi is expected to generate a revenue of US$1.43m in 2024.
This revenue is projected to grow at an annual rate of 7.08%, resulting in a market volume of US$2.02m by 2029.
The average Spend per Employee in the Enterprise Resource Planning Software market is estimated to be US$0.24 in 2024.
In comparison to other countries, United States is forecasted to generate the highest revenue in the market, with US$26.70bn in 2024.
Burundi's growing economy has led to an increased demand for Enterprise Resource Planning software to streamline business operations and boost efficiency.

Definition:

The Enterprise Resource Planning (ERP) Software market covers software applications that support organizations in managing, integrating, and optimizing important business activities related to resources such as people, finance, capital, materials, and orders. These software applications help organizations to streamline their internal business processes, increase efficiency, and make more informed decisions.

Products in the Enterprise Resource Planning 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.

Additional Information:

The Enterprise Resource Planning 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 SAP, Intuit Inc., Oracle, Infor, and Sage.

For more information on the displayed data, use the info button right next to the boxes.

Financial applications, such as QuickBooks, Oracle NetSuite, and Xero
Asset management applications, such as Asset Panda, ManageEngine AssetExplorer, and GoCodes
Procurement software, such as SAP Ariba, Kissflow, and Procurify
Resource planning, such as Smartsheet, Float, and Hub Planner

SCM Software, such as Anvyl, Tada, and Magaya Supply Chain
BI software, such as Microsoft Power BI, SAS Business Intelligence, and MicroStrategy
CRM software, such as Salesforce Sales Cloud, Monday sales CRM, and HubSpot CRM

The Enterprise Resource Planning (ERP) Software market in Burundi has been steadily growing in recent years, driven by a variety of factors that have created a favorable environment for the adoption of ERP systems in the country.

Customer preferences: Burundian businesses are increasingly looking for ways to streamline their operations and improve efficiency, and ERP software is seen as a key tool in achieving these goals. With the rise of e-commerce and digital technologies, businesses are also looking for solutions that can help them manage their online operations more effectively, such as inventory management and order processing.

Trends in the market: One of the key trends in the Burundian ERP software market is the increasing adoption of cloud-based solutions. Cloud-based ERP systems offer a number of advantages over traditional on-premise systems, including lower upfront costs, greater scalability, and easier access to data from anywhere with an internet connection. As internet connectivity in Burundi continues to improve, cloud-based ERP systems are likely to become even more popular.Another trend in the market is the growing demand for mobile ERP solutions. With more and more people using smartphones and tablets to access the internet, businesses are looking for ways to manage their operations on the go. Mobile ERP solutions allow business owners and managers to access key data and functionality from their mobile devices, making it easier to stay on top of their operations even when they are out of the office.

Local special circumstances: Burundi is a small, landlocked country with a relatively low level of economic development. However, the government has made a concerted effort in recent years to promote foreign investment and improve the business environment in the country. This has included measures to streamline the process of starting a business, reduce bureaucracy, and improve access to finance. As a result, more and more businesses are setting up shop in Burundi, creating a growing market for ERP software and other business tools.

Underlying macroeconomic factors: Burundi's economy is heavily reliant on agriculture, which accounts for around 30% of GDP and employs the majority of the population. However, the government has identified the development of other sectors such as manufacturing and services as a key priority, and is working to create a more diversified economy. This is likely to create new opportunities for ERP software vendors, as businesses in these sectors look for ways to manage their operations more efficiently and effectively. Additionally, Burundi's relatively young population and growing middle class are likely to drive demand for digital solutions such as ERP software in the coming years.

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.