Other Enterprise Software - Taiwan

In 2024, the projected revenue in the Other Enterprise Software market in Taiwan is expected to reach US$420.10m.
Looking ahead, there is an anticipated annual growth rate (CAGR 2024-2029) of 3.77%, which will result in a market volume of US$505.50m by 2029.
Furthermore, the average Spend per Employee in the Other Enterprise Software market in Taiwan is projected to reach US$16.17 in 2024.
When compared globally, it is worth noting that United States is expected to generate the highest revenue, with an estimated amount of US$32.46bn in 2024.
Taiwan's Other Enterprise Software market is thriving, with a strong focus on innovation and technological advancements.

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 Taiwan has been experiencing significant growth in recent years.

Customer preferences: Taiwanese businesses are increasingly relying on software solutions to streamline their operations and improve efficiency. This trend is driven by a desire to stay competitive in the global marketplace and to keep up with the latest technological advancements. Customers in Taiwan are particularly interested in software solutions that are customizable, scalable, and easy to use.

Trends in the market: One of the major trends in the Other Enterprise Software market in Taiwan is the growing popularity of cloud-based solutions. Cloud-based software offers several advantages over traditional on-premise solutions, including lower upfront costs, greater flexibility, and easier scalability. Another trend in the market is the increasing use of artificial intelligence (AI) and machine learning (ML) technologies. These technologies are being used to automate routine tasks, improve decision-making processes, and enhance customer experiences.

Local special circumstances: Taiwan is home to a large number of small and medium-sized enterprises (SMEs), which make up the majority of businesses in the country. These businesses have unique needs and requirements when it comes to software solutions, and many are looking for affordable and customizable options. In addition, Taiwan has a highly skilled workforce and a strong technology sector, which has helped to drive innovation in the software market.

Underlying macroeconomic factors: Taiwan has a strong and stable economy, with a high level of economic freedom and a favorable business environment. This has helped to attract foreign investment and support the growth of local businesses. In addition, Taiwan has a highly educated population and a strong focus on research and development, which has helped to drive innovation in the software market. Overall, the Other Enterprise Software market in Taiwan is expected to continue to grow in the coming years, driven by a combination of local demand and global trends.

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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