Other Enterprise Software - New Zealand

In 2024, the revenue in the Other Enterprise Software market in New Zealand is projected to reach US$202.50m.
This market segment is expected to demonstrate an annual growth rate of 3.72% between 2024 and 2029, resulting in a market volume of US$243.00m by 2029.
Additionally, it is estimated that the average Spend per Employee in the Other Enterprise Software market in New Zealand will reach US$67.99 in 2024.
When compared globally, it is noteworthy that United States is anticipated to generate the highest revenue in this market segment, with a projected revenue of US$32.46bn in 2024.
New Zealand's Other Enterprise Software market is thriving, with a strong focus on innovation and customization to meet the unique needs of local businesses.

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

New Zealand has been experiencing a steady growth in the Other Enterprise Software market in recent years. This growth can be attributed to several factors, including customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences: New Zealand businesses have been increasingly adopting cloud-based software solutions due to their flexibility, scalability, and cost-effectiveness. This trend has been observed across various industries, including healthcare, finance, and logistics. Additionally, there has been a growing demand for software solutions that can integrate with existing systems and provide real-time data analytics.

Trends in the market: One major trend in the Other Enterprise Software market in New Zealand is the rise of Software-as-a-Service (SaaS) models. This trend is driven by the need for businesses to access software solutions without the burden of high upfront costs. Additionally, there has been a growing demand for mobile-first software solutions that can be accessed from anywhere at any time.Another trend in the market is the increasing use of Artificial Intelligence (AI) and Machine Learning (ML) in software solutions. This trend is driven by the need for businesses to automate routine tasks and improve decision-making processes. AI and ML are being used in various industries, including finance, healthcare, and retail.

Local special circumstances: New Zealand has a relatively small market compared to other developed countries, which presents unique challenges and opportunities for businesses. One challenge is the limited pool of skilled professionals, which can make it difficult to find and retain talent. However, this challenge has also led to the development of a strong startup ecosystem, with many innovative software solutions being developed locally.

Underlying macroeconomic factors: New Zealand has a stable economy with a strong focus on innovation and technology. The government has been actively promoting the growth of the tech sector through initiatives such as the Innovation Partnership and the Technology Investment Network. Additionally, New Zealand has a favorable business environment with low taxes and minimal regulations, which makes it an attractive destination for foreign investment. These factors have contributed to the growth of the Other Enterprise Software market in New Zealand.

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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