Enterprise Software - Sudan

Sudan

In 2024, the projected revenue for the Enterprise Software market in Sudan is expected to reach US$64.03m.
Customer Relationship Management Software holds the dominant position in this market segment, with a projected market volume of US$21.10m in the same year.
The revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 8.72%, resulting in a market volume of US$97.25m by 2029.
Moreover, the average Spend per Employee in the Enterprise Software market is forecasted to reach US$4.51 in 2024.
In terms of global comparison, United States is expected to generate the highest revenue, amounting to US$150.50bn in 2024.
Sudan is experiencing a growing demand for enterprise software solutions, as businesses in the country are increasingly recognizing the need for advanced technology to streamline their operations and improve efficiency.

Key regions: France, United Kingdom, Australia, Canada, South Korea

Definition:

The Enterprise Software market covers software applications designed to support essential business activities by large organizations such as enterprise resource planning, customer relationship management, business intelligence, and supply chain management.

Products in the 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.

Structure:

The Enterprise Software market contains eight markets that are based on the functionality of the software:

Business Intelligence Software refers to software applications that support organizations to analyze, visualize, and report data.
Content Management Software refers to a wide range of software applications that support organizations to manage their digital content such as documents, images, and videos.
Customer Relationship Management Software refers to software applications that support organizations to manage their interactions with customers, clients, and prospects.
eCommerce Software refers to a wide range of software applications that support organizations to manage their online sales channels.
Enterprise Performance Management Software refers to software solutions that help organizations to manage and improve their performance across various areas, such as finance, operations, and strategy.
Enterprise Resource Planning Software refers to software applications that support organizations to manage, integrate and optimize important business activities related to resources such as people, finance, capital, materials, and orders.
Supply Chain Management Software refers to software applications that support organizations to manage their supply chain activities such as inventory optimization, supplier and vendor management, and logistic operations.
AI Development Tool Software refers to a specialized category of software designed to facilitate the creation, testing, deployment, and management of artificial intelligence (AI) models and applications.
Other Enterprise Software refers to aggregated revenues for the types of enterprise software that are not specifically mentioned in the other Enterprise Software markets, such as Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Additional Information:

The Enterprise Software market comprises revenue and revenue growth as the key performance indicators. Only 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 revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include SAP, Salesforce, Adobe, and Oracle.

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Market

Region

Region comparison

Currency

Analyst Opinion

Sudan, a country in North Africa, has been experiencing a steady growth in its Enterprise Software market in recent years.

Customer preferences: As the country's economy continues to grow, businesses are increasingly adopting Enterprise Software to improve their operations and increase productivity. This has led to a rising demand for software solutions that can automate business processes, manage customer relationships, and enhance data security.

Trends in the market: One of the major trends in the Enterprise Software market in Sudan is the adoption of cloud-based solutions. This is driven by the need for businesses to access their data and applications remotely, as well as the cost savings associated with cloud-based solutions. Another trend is the increasing use of mobile applications to access enterprise software, as more businesses embrace mobile technology to improve their operations.

Local special circumstances: Sudan's Enterprise Software market is unique in that it is heavily influenced by the country's political and economic situation. The lifting of US sanctions in 2017 has opened up opportunities for foreign investment and technology transfer, which has contributed to the growth of the market. However, the country's ongoing political instability and economic challenges present significant obstacles to the growth of the market.

Underlying macroeconomic factors: Sudan's Enterprise Software market is closely tied to the country's overall economic performance. The country's GDP growth rate has been on an upward trajectory in recent years, which has boosted business confidence and investment. However, the country's high inflation rate, currency devaluation, and limited access to foreign currency pose significant challenges to businesses operating in Sudan. Additionally, the country's limited technological infrastructure and low levels of digital literacy among the population also present challenges to the growth of the Enterprise Software market.

Methodology

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.