Other Enterprise Software - Tanzania

The Other Enterprise Software market in Tanzania is projected to achieve a revenue of US$14.36m by the year 2024.
It is expected to display an annual growth rate (CAGR 2024-2029) of 5.86%, resulting in a market volume of US$19.10m by 2029.
Additionally, the projected average Spend per Employee in the Other Enterprise Software market for the same year is US$0.44.
In comparison to other countries, United States is expected to generate the highest revenue of US$32.46bn in 2024.
Tanzania is witnessing a growing demand for other enterprise software, as businesses embrace digital transformation to enhance operational efficiency and streamline processes.

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 Tanzania has been showing significant growth over the past few years.

Customer preferences: Tanzanian businesses are increasingly adopting Other Enterprise Software solutions to optimize their operations and improve efficiency. This is driven by the need to streamline processes, improve communication, and enhance decision-making capabilities. Additionally, the increasing availability of cloud-based solutions has made it easier for businesses to access and implement these software solutions.

Trends in the market: One of the main trends in the Other Enterprise Software market in Tanzania is the growing demand for cloud-based solutions. This is due to the numerous benefits that cloud-based solutions offer, such as flexibility, scalability, and cost-effectiveness. Another trend is the increasing adoption of mobile-based solutions, which allow businesses to access and manage their operations from anywhere at any time. Furthermore, there is a growing trend towards integrated solutions that offer a range of functionalities, such as accounting, HR, and project management.

Local special circumstances: Tanzania is a developing country with a rapidly growing economy. This presents both opportunities and challenges for the Other Enterprise Software market. On the one hand, there is a growing demand for software solutions as businesses seek to improve their operations and compete in a rapidly changing market. On the other hand, there are challenges such as limited internet connectivity and a lack of technical expertise, which can hinder the adoption and implementation of these solutions.

Underlying macroeconomic factors: The Tanzanian economy has been growing steadily over the past few years, driven by sectors such as agriculture, mining, and tourism. This has created a favorable environment for businesses to invest in software solutions that can help them improve their operations and increase their competitiveness. Additionally, the government has been investing in infrastructure development, including the expansion of internet connectivity, which is expected to further boost the adoption of Other Enterprise Software solutions.

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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