Other Enterprise Software - South Africa

In 2024, it is projected that the revenue in the Other Enterprise Software market in South Africa will reach US$225.40m.
Looking ahead, the revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.23%, resulting in a market volume of US$251.70m by 2029.
Furthermore, the average Spend per Employee in the Other Enterprise Software market in South Africa is projected to reach US$8.97 in 2024.
When comparing globally, it is worth noting that United States is expected to generate the highest revenue, amounting to US$32.46bn in 2024.
South Africa's Other Enterprise Software market is seeing an increase in demand as businesses seek innovative solutions to enhance operational efficiency and gain a competitive edge.

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 South Africa has been experiencing significant growth in recent years, driven by a number of factors.

Customer preferences: South African businesses are increasingly looking for software solutions that can help them streamline their operations, improve efficiency, and reduce costs. This has led to a growing demand for Other Enterprise Software, which includes a range of applications such as supply chain management, customer relationship management, and human resources management. In particular, businesses are looking for cloud-based solutions that can be accessed from anywhere, on any device.

Trends in the market: One of the key trends in the Other Enterprise Software market in South Africa is the increasing adoption of cloud-based solutions. This is being driven by a number of factors, including the need for greater flexibility and scalability, as well as the desire to reduce IT costs. As a result, many businesses are moving away from traditional on-premise software solutions and are instead opting for cloud-based alternatives.Another trend in the market is the growing importance of data analytics. South African businesses are increasingly looking to use data to drive decision-making and improve business performance. This has led to a growing demand for Other Enterprise Software solutions that can help businesses collect, analyze, and interpret data from a range of sources.

Local special circumstances: One of the key challenges facing the Other Enterprise Software market in South Africa is the country's relatively low levels of internet penetration. While internet usage is growing rapidly, particularly in urban areas, many businesses still do not have access to reliable and high-speed internet connections. This can make it difficult for businesses to fully leverage cloud-based software solutions.Another challenge facing the market is the high cost of software licenses. Many businesses in South Africa are small and medium-sized enterprises (SMEs) that may not have the budget to invest in expensive software solutions. As a result, there is a growing demand for affordable and flexible software solutions that can be tailored to the specific needs of SMEs.

Underlying macroeconomic factors: The Other Enterprise Software market in South Africa is being driven by a number of underlying macroeconomic factors. These include the country's growing economy, which is creating new opportunities for businesses across a range of sectors. In addition, the government has launched a number of initiatives aimed at promoting entrepreneurship and supporting SMEs, which is helping to drive demand for enterprise software solutions.Overall, the Other Enterprise Software market in South Africa is expected to continue growing in the coming years, driven by the increasing adoption of cloud-based solutions and the growing importance of data analytics. However, the market will also face a number of challenges, including low levels of internet penetration and the high cost of software licenses.

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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