Other Enterprise Software - Burundi

Burundi is projected to experience significant growth in the Other Enterprise Software market.
By 2024, the country's revenue in this market is expected to reach US$1.63m.
Looking ahead, Burundi's market volume is projected to increase at an annual growth rate of 6.35% (CAGR 2024-2029), resulting in a market volume of US$2.21m by 2029.
In terms of spend per employee, in Burundi is expected to reach an average of US$0.27 in 2024.
This indicates the amount of investment companies in Burundi are willing to allocate per employee in the Other Enterprise Software market sector.
It is worth noting that, in global comparison, United States is expected to generate the highest revenue in the Other Enterprise Software market.
In 2024, United States is projected to generate a revenue of US$32.46bn, surpassing other countries in this market segment.
Burundi's Other Enterprise Software market is rapidly growing, with local businesses increasingly adopting innovative solutions to streamline their operations.

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

Burundi, a landlocked country in East Africa, is experiencing a growth in its Other Enterprise Software market.

Customer preferences: Burundian businesses are increasingly adopting Other Enterprise Software solutions to streamline their operations and increase productivity. The software provides tools for accounting, project management, customer relationship management, and other business processes. With the growing number of small and medium-sized enterprises in Burundi, there is a high demand for affordable and efficient software solutions.

Trends in the market: The Other Enterprise Software market in Burundi is expected to grow steadily in the coming years. The market is being driven by the increasing adoption of cloud-based solutions and the need for businesses to automate their processes. The rise of e-commerce and the need for online payment solutions is also contributing to the growth of the market. Furthermore, the government's efforts to improve the country's digital infrastructure and promote the use of technology in business are expected to boost the market further.

Local special circumstances: Burundi has a challenging business environment due to its political instability and poor infrastructure. However, the government is taking steps to improve the investment climate and attract foreign investors. The country's strategic location in East Africa and its membership in the East African Community (EAC) also make it an attractive market for software providers.

Underlying macroeconomic factors: Burundi has a small and underdeveloped economy with limited resources. However, the country has made progress in recent years in terms of economic growth and poverty reduction. The government's focus on improving the business environment and promoting private sector development is expected to drive economic growth and create opportunities for software providers. Additionally, the country's young and tech-savvy population presents a potential market for software solutions.

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.

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