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Key regions: France, United Kingdom, Australia, Canada, South Korea
Gambia, a small West African country, has seen an increase in the adoption of enterprise software in recent years.
Customer preferences: The Gambian market has shown a preference for enterprise software that is easy to use and affordable. This is due to the fact that many businesses in Gambia are small and medium-sized enterprises that may not have the resources to invest in expensive software solutions. Additionally, there is a growing demand for cloud-based software as it provides flexibility and scalability for businesses.
Trends in the market: One of the main trends in the Gambian enterprise software market is the adoption of mobile technology. With the increasing use of smartphones and tablets in the country, businesses are looking for software solutions that are mobile-friendly and can be accessed on the go. Another trend is the move towards automation and digitization of business processes. This is driven by the need for efficiency and productivity in a competitive market.
Local special circumstances: Gambia's economy is heavily reliant on agriculture, which accounts for over 30% of the country's GDP. As a result, there is a demand for software solutions that can help farmers and agribusinesses manage their operations more effectively. Additionally, the country has a high youth population, which is driving the growth of the technology sector and the adoption of enterprise software.
Underlying macroeconomic factors: Gambia has experienced steady economic growth in recent years, with a GDP growth rate of 6.6% in 2019. This growth has been driven by the services sector, which accounts for over 60% of the country's GDP. The government has also been investing in infrastructure and promoting foreign investment, which has created opportunities for businesses to expand and invest in technology. However, the country still faces challenges such as a lack of access to financing and a limited pool of skilled workers.
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)