Market Insights Technology Software Enterprise Software

Other Enterprise Software - Australia & Oceania

Australia & Oceania

In 2024, the Other Enterprise Software market in Australia & Oceania is anticipated to generate a revenue of US$1.25bn.
Looking ahead, the market is expected to exhibit a Compound Annual Growth Rate (CAGR) of 2.87% from 2024 to 2029, resulting in a market volume of US$1.44bn by 2029.
Furthermore, it is projected that the average Spend per Employee in the Other Enterprise Software market will reach US$58.57 in 2024.
When compared globally, United States is expected to generate the highest revenue, amounting to US$32,460.00m in 2024.
Australia & Oceania's Other Enterprise Software market is experiencing a surge in demand driven by the region's growing focus on digital transformation and innovation.

Key regions: South Korea, China, Canada, United States, United Kingdom

Market

Region

Region comparison

Currency

Analyst Opinion

The Other Enterprise Software market in Australia & Oceania is experiencing growth due to several factors.

Customer preferences: Enterprises in Australia & Oceania are increasingly adopting Other Enterprise Software due to its ability to streamline operations and improve efficiency. Additionally, the rise of remote work has led to a greater demand for software that enables collaboration and communication across teams.

Trends in the market: Australia & Oceania is a diverse region with varying levels of technological advancement. However, there is a growing trend towards cloud-based software solutions, which offer greater flexibility and scalability compared to traditional on-premise software. Furthermore, there is an increasing demand for software that can integrate with existing systems, allowing for a seamless transition to new technologies.

Local special circumstances: Australia & Oceania is home to a number of industries that are driving demand for Other Enterprise Software. For example, the mining industry in Australia requires software that can manage complex supply chains and logistics, while the tourism industry in Oceania relies on software that can handle reservations and bookings. Additionally, the region's strong agricultural sector is driving demand for software that can optimize farming operations and improve yield.

Underlying macroeconomic factors: The Australian and New Zealand economies are relatively stable, with low unemployment rates and strong GDP growth. This has led to a favorable business environment, with companies investing in new technologies to drive growth and improve efficiency. Additionally, the region's proximity to Asia has made it an attractive destination for foreign investment, further driving demand for Other Enterprise Software.

Methodology

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.