Enterprise Resource Planning Software - Laos

The Enterprise Resource Planning Software market in Laos is expected to generate a revenue of US$2.25m in 2024.
This revenue is projected to grow at an annual growth rate (CAGR 2024-2029) of 4.26%, resulting in a market volume of US$2.77m by 2029.
The average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$0.71 in 2024.
When compared globally, United States is expected to generate the highest revenue of US$26.70bn in 2024.
Laos' growing economy has led to an increased demand for Enterprise Resource Planning software among its expanding business sector.

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 Software market in Laos has been experiencing steady growth in recent years.

Customer preferences: Laotian companies have been increasingly adopting ERP software to streamline their business processes and improve efficiency. With the growth of the economy, companies are expanding and need better management systems to handle the increasing workload. ERP software provides these companies with a centralized database that allows them to manage their operations more effectively. Additionally, with the rise of e-commerce, companies are looking for software that can integrate with their online platforms.

Trends in the market: One trend in the ERP market in Laos is the adoption of cloud-based solutions. Cloud-based ERP software is becoming more popular due to its flexibility and scalability, which allows companies to easily adjust to changing business needs. Another trend is the integration of artificial intelligence (AI) into ERP software. AI can help companies make better decisions by analyzing large amounts of data and providing insights into business operations.

Local special circumstances: One of the challenges in the Laotian market is the lack of skilled IT professionals. This has led to a reliance on foreign IT workers, which can be costly for companies. Additionally, some companies may be hesitant to adopt ERP software due to the initial investment required. However, as the benefits of ERP software become more apparent, more companies are expected to adopt these solutions.

Underlying macroeconomic factors: Laos has been experiencing steady economic growth in recent years, which has led to an increase in foreign investment and the growth of local businesses. This growth has created a need for better management systems, which has contributed to the growth of the ERP market. Additionally, the Laotian government has been promoting the adoption of technology in the country, which has helped to create a more favorable environment for the growth of the ERP market.

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.