Definition:
The Enterprise Software market covers software applications designed to support essential business activities by large organizations such as enterprise resource planning, customer relationship management, business intelligence, and supply chain management.
Products in the Enterprise 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.
Structure:
The Enterprise Software market contains eight markets that are based on the functionality of the software:
Additional Information:
The Enterprise Software market comprises revenue and revenue growth as the key performance indicators. Only 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 revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.
Key players in this market include SAP, Salesforce, Adobe, and Oracle.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Jul 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
As the demand for digital transformation increases, the Enterprise Software market in Morocco is experiencing growth and innovation.
Customer preferences: Moroccan businesses are increasingly recognizing the importance of digitalization and the need for Enterprise Software solutions to improve efficiency and productivity. Cloud-based software solutions are gaining popularity due to their flexibility and scalability. Additionally, there is a growing demand for software solutions that provide real-time data analytics and insights to help businesses make informed decisions.
Trends in the market: The Enterprise Software market in Morocco is experiencing a shift towards industry-specific solutions. Businesses are looking for software solutions that are tailored to their specific needs and requirements. There is also an increasing demand for software solutions that can be integrated with existing systems to improve the overall efficiency of business operations. Artificial intelligence and machine learning are also emerging trends in the market, with businesses looking for software solutions that can automate repetitive tasks and improve decision-making processes.
Local special circumstances: Morocco's strategic location and stable political environment make it an attractive destination for foreign investors. The government has implemented several initiatives to promote the growth of the technology sector, including tax incentives and the establishment of technology parks. Additionally, the country's young and tech-savvy population is driving the demand for digital solutions, further contributing to the growth of the Enterprise Software market.
Underlying macroeconomic factors: Morocco's economy is diversifying, with a focus on developing the technology sector. The government is investing heavily in infrastructure and education to support the growth of the technology sector. Additionally, the country's proximity to Europe and Africa makes it an attractive destination for businesses looking to expand their operations. The COVID-19 pandemic has also accelerated the adoption of digital solutions, further driving the growth of the Enterprise Software market in Morocco.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights
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.