Other Enterprise Software - Asia | Statista Market Forecast

In 2024, the projected revenue in the Other Enterprise Software market in Asia is expected to reach US$10.53bn.
This market segment is anticipated to show a steady annual growth rate (CAGR 2024-2029) of 5.78%, resulting in a market volume of US$13.94bn by 2029.
Furthermore, the average Spend per Employee in the Other Enterprise Software market in Asia is projected to reach US$5.01 in 2024.
In terms of global comparison, United States is anticipated to generate the highest revenue in the Other Enterprise Software market, with an expected revenue of US$32.46bn in 2024.
In Asia's Other Enterprise Software market, Japan's focus on innovative solutions has led to a surge in adoption and growth.

Definition:

The Other Enterprise Software market covers aggregated revenues for the types of enterprise software that are not specifically mentioned in the other subsegments Enterprise software segment. These include, for example, Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Products in the Other 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.

Additional Information:

The Other Enterprise 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, Oracle, Atlassian, and ServiceNow.

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Content applications, such as Adobe Experience Manager, Semrush, and HubSpot
Performance management applications, such as PerformYard, Workday, and Monday
Workforce management software, such as ADP Workforce Now, BambooHR, and Zoho People

Enterprise resource planning software, such as Odoo, SAP Business One, NetSuite, and Microsoft Dynamics 365
Customer relationship management software, such as Salesforce Sales Cloud, Monday sales CRM, and HubSpot CRM
Business intelligence software, such as Toast, Heap, and insightsoftware
Supply chain management software, such as Anvyl, Tada, and Magaya Supply Chain
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The Other Enterprise Software market in Asia is a rapidly growing industry that offers a wide range of software solutions to businesses. This market includes software for customer relationship management, enterprise resource planning, supply chain management, and many other applications.

Customer preferences: Asian businesses are increasingly adopting cloud-based software solutions due to their flexibility, scalability, and cost-effectiveness. The demand for software that can be accessed from any location and device is high, especially among small and medium-sized enterprises (SMEs). Additionally, there is a growing interest in software that can automate business processes, improve productivity, and provide real-time insights.

Trends in the market: In China, the Other Enterprise Software market is dominated by local players such as Huawei, Tencent, and Alibaba, which offer a wide range of software solutions tailored to the needs of Chinese businesses. These companies are investing heavily in research and development, and are expanding their offerings to include artificial intelligence and big data analytics.In India, the Other Enterprise Software market is driven by the growth of the country's IT sector and the increasing adoption of digital technologies by businesses. The market is highly competitive, with both local and international players vying for market share. Indian businesses are increasingly adopting software solutions that can help them improve their customer engagement, streamline their operations, and increase their profitability.In Southeast Asia, the Other Enterprise Software market is growing rapidly due to the region's expanding middle class and the increasing adoption of e-commerce. The market is highly fragmented, with many local players offering software solutions that cater to the needs of specific industries. There is a growing interest in software that can help businesses manage their supply chains, improve their logistics, and increase their efficiency.

Local special circumstances: In Japan, the Other Enterprise Software market is characterized by a high degree of customization, with many businesses preferring software solutions that are tailored to their specific needs. Japanese businesses are also highly focused on data security and privacy, and are willing to pay a premium for software that meets their stringent requirements.In South Korea, the Other Enterprise Software market is dominated by large conglomerates such as Samsung and LG, which offer a wide range of software solutions to businesses. These companies are investing heavily in research and development, and are expanding their offerings to include artificial intelligence and blockchain technologies.

Underlying macroeconomic factors: The growth of the Other Enterprise Software market in Asia is being driven by a number of macroeconomic factors, including the region's expanding middle class, the increasing adoption of digital technologies, and the growing importance of data analytics. Additionally, the rise of e-commerce and the increasing globalization of business are creating new opportunities for software vendors in the region.Overall, the Other Enterprise Software market in Asia is a dynamic and rapidly evolving industry that presents many opportunities for both local and international players. As businesses in the region continue to adopt digital technologies and seek out new ways to improve their operations, the demand for software solutions that can help them achieve these goals will only continue to grow.

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.

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