Other Enterprise Software - Southern Asia

The projected revenue for the Other Enterprise Software market in Southern Asia is expected to reach US$856.80m by 2024.
This market segment is anticipated to show a compound annual growth rate (CAGR 2024-2029) of 7.71%, leading to a market volume of US$1.24bn by 2029.
Furthermore, the average Spend per Employee in this market is projected to reach US$1.18 in 2024.
In terms of global comparison, United States is expected to generate the highest revenue in the Other Enterprise Software market, reaching US$32.46bn in 2024.
In Southern Asia, the market for Other Enterprise Software is experiencing a surge in demand as businesses look to streamline their operations and improve efficiency.

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 Southern Asia has been experiencing significant growth in recent years.

Customer preferences: Customers in Southern Asia are increasingly seeking software solutions that can help them improve their business processes and increase efficiency. This has led to a growing demand for Other Enterprise Software, which can help businesses automate tasks and streamline workflows. Additionally, customers are increasingly interested in cloud-based software solutions, which offer greater flexibility and scalability.

Trends in the market: One of the key trends in the Other Enterprise Software market in Southern Asia is the increasing adoption of cloud-based solutions. Cloud-based software is becoming increasingly popular due to its flexibility and scalability, as well as its ability to reduce costs for businesses. Additionally, there is a growing trend towards the use of artificial intelligence and machine learning in Other Enterprise Software, which can help businesses automate tasks and make more informed decisions.

Local special circumstances: There are a number of local special circumstances that are driving the growth of the Other Enterprise Software market in Southern Asia. For example, the region has a large and growing population of tech-savvy young professionals, who are increasingly interested in using software to improve their businesses. Additionally, there is a growing trend towards digitalization in the region, which is driving demand for software solutions that can help businesses automate and streamline their operations.

Underlying macroeconomic factors: There are a number of underlying macroeconomic factors that are contributing to the growth of the Other Enterprise Software market in Southern Asia. For example, the region has a large and growing middle class, which is driving demand for software solutions that can help businesses improve their operations and increase efficiency. Additionally, there is a growing trend towards globalization in the region, which is driving demand for software solutions that can help businesses compete on a global scale. Finally, the region has a large and growing technology sector, which is driving innovation and creating new opportunities for software companies.

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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