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Key regions: United States, Canada, Germany, China, Japan
The Software market in Laos has been growing steadily in recent years, driven by a number of factors including increasing demand for digital services and the government's focus on developing the country's digital economy.
Customer preferences: Laotian customers are increasingly adopting digital services, including e-commerce, mobile banking, and social media, which is driving demand for software solutions. In addition, businesses in the country are also increasingly using software to streamline their operations and improve efficiency.
Trends in the market: One of the key trends in the Laotian software market is the increasing adoption of cloud-based solutions. Cloud-based software is becoming more popular among businesses in the country due to its flexibility, scalability, and cost-effectiveness. Another trend is the growing demand for mobile applications, as more Laotians access the internet through their smartphones.
Local special circumstances: Laos is a small country with a relatively small market for software products and services. As a result, many software companies in the country focus on providing customized solutions to meet the specific needs of local businesses. In addition, the lack of a mature software industry in Laos means that there are few established players in the market, which presents opportunities for new entrants.
Underlying macroeconomic factors: The Laotian government has identified the development of the digital economy as a key priority, and has implemented a number of policies and initiatives to support the growth of the sector. For example, the government has invested in improving the country's telecommunications infrastructure and has established a number of special economic zones to attract foreign investment. In addition, Laos is strategically located in Southeast Asia, which makes it an attractive destination for companies looking to expand into the region.
Data coverage:
The data encompasses B2B, B2G, and B2C enterprises, except for the Enterprise Software segment, in which consumer (B2C) spending is not considered. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, level of digitization, GDP sector composition, and observed level of software piracy. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)