Other Enterprise Software - Philippines

The Other Enterprise Software market in the Philippines is projected to reach a revenue of US$54.57m in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 2.48%, leading to a market volume of US$61.68m by 2029.
In terms of average Spend per Employee, the projection for 2024 is US$1.14.
When compared to other countries globally, United States is expected to generate the highest revenue in the market, with an estimated amount of US$32.46bn in 2024.
The Philippines has seen a surge in the adoption of cloud-based enterprise software solutions among small and medium-sized 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

The Other Enterprise Software market in Philippines has been experiencing significant growth in recent years.

Customer preferences: As businesses in the Philippines continue to digitize and modernize their operations, there has been a growing demand for Other Enterprise Software solutions that can help streamline their processes and boost efficiency. Customers are increasingly looking for software that can be customized to their specific needs and can integrate with other systems they are already using.

Trends in the market: One major trend in the Other Enterprise Software market in Philippines is the rise of cloud-based solutions. Cloud-based software offers several advantages over traditional on-premise solutions, including lower upfront costs, greater scalability, and easier maintenance. As a result, many businesses in the Philippines are choosing to adopt cloud-based Other Enterprise Software solutions.Another trend in the market is the increasing use of artificial intelligence (AI) and machine learning (ML) in Other Enterprise Software. These technologies can help businesses automate repetitive tasks, make more informed decisions, and improve overall efficiency. As AI and ML continue to advance, we can expect to see more businesses in the Philippines adopting these technologies in their Other Enterprise Software solutions.

Local special circumstances: The Philippines has a large and growing business process outsourcing (BPO) industry, which has been a major driver of growth in the Other Enterprise Software market. BPO companies require robust software solutions to manage their operations, and many of them are based in the Philippines. As a result, there is a significant demand for Other Enterprise Software solutions in the country.

Underlying macroeconomic factors: The Philippine economy has been growing steadily in recent years, which has helped to fuel demand for Other Enterprise Software solutions. As more businesses in the country look to modernize their operations and stay competitive, they are turning to software solutions that can help them achieve these goals. Additionally, the Philippine government has been investing in infrastructure and digital initiatives, which has helped to create an environment that is conducive to the growth of the Other Enterprise Software market.

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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