Other Enterprise Software - CIS | Statista Market Forecast

The revenue forecast for the Other Enterprise Software market in 2024 is estimated to be US$416.60m.
It is expected that this market will experience a compound annual growth rate (CAGR 2024-2029) of 1.54%, resulting in a market volume of US$449.80m by 2029.
In terms of average spend per employee, it is projected to reach US$3.60 in 2024.
When comparing global revenue generation, United States is anticipated to generate the highest revenue in the Other Enterprise Software market, with US$32.46bn in 2024.
This indicates the significant market potential United States for this sector.
It is worth mentioning that the Other Enterprise Software market encompasses various software solutions for businesses.
Within the CIS region, this market segment presents opportunities for growth and development.
The CIS region is experiencing a growing demand for Other Enterprise Software, as businesses seek to enhance their operational efficiency and streamline their processes.

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 CIS has been experiencing steady growth in recent years.

Customer preferences: Customers in CIS have shown a growing preference for cloud-based Other Enterprise Software solutions. This preference is driven by the need for cost-effective and scalable solutions that can be easily integrated with existing systems. Additionally, customers are increasingly demanding solutions that offer advanced analytics capabilities to help them make more informed business decisions.

Trends in the market: One of the key trends in the Other Enterprise Software market in CIS is the increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies. These technologies are being used to develop more advanced and intelligent software solutions that can automate complex business processes and improve operational efficiency. Another trend is the growing popularity of mobile-first solutions, which are designed to be accessed and used on mobile devices.

Local special circumstances: The Other Enterprise Software market in CIS is characterized by a high degree of fragmentation, with a large number of small and medium-sized software vendors operating in the region. This has led to intense competition and pricing pressures, which have forced vendors to focus on innovation and differentiation to remain competitive. Additionally, the region's complex regulatory environment and cultural differences pose significant challenges to vendors looking to enter the market.

Underlying macroeconomic factors: The growth of the Other Enterprise Software market in CIS is being driven by a number of macroeconomic factors, including the region's large and growing population, increasing levels of digitalization, and a growing startup ecosystem. Additionally, the region's strategic location between Europe and Asia makes it an attractive destination for businesses looking to expand their operations into new markets. However, the market is also being impacted by geopolitical tensions and economic uncertainty, which are creating headwinds for businesses operating in the region.

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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