Software - Mozambique

Mozambique

In Mozambique, the Software market is anticipated to see significant growth in the coming years.
By 2024, the projected revenue is estimated to reach US$76.38m.
Among the various segments within the market, Enterprise Software is expected to dominate, with a projected market volume of US$31.84m by 2024.
Looking ahead, the Software market is predicted to maintain a steady growth rate.
The annual growth rate (CAGR 2024-2029) is projected to be 11.68%, resulting in a market volume of US$132.70m by 2029.
When comparing the revenue generated globally, United States is expected to lead the way.
In 2024, United States is projected to generate revenue of US$363.40bn in the Software market.
Mozambique's software market is rapidly expanding, driven by increasing investment in technology infrastructure and a growing demand for digital solutions.

Key regions: United States, Canada, Germany, China, Japan

Definition:

In general, software is defined as a set of instructions written as programming code to execute specific tasks on a computing device. The Software market covers a wide range of software products and solutions that are publicly sold by various companies. Most software solutions in this market are designed for professional use, but some can also be suitable for personal use. They can also range from basic productivity tools such as word processors and spreadsheets to complex software solutions such as project management tools, graphic design software, and enterprise resource planning software.

Products in the 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 market contains four markets that are based on the functionality of the software:

Productivity Software refers to application software that supports activities such as producing documents, spreadsheets, drawings, and presentations. This market includes Administrative Software, Collaboration Software, Office Software, Creative Software, and Construction and Design Software.
Enterprise Software refers to all software that supports essential large-scale business activities such as enterprise resource management, customer management, and supply chain activities. This market includes Enterprise Resource Planning Software, Customer Relationship Management Software, Business Intelligence Software, Supply Chain Management Software, Content Management Software, and Other Enterprise Software.
Application Development Software refers to software and tools that help the overall application development process.
System Infrastructure Software refers to software that provides the base framework for operating and managing organizational processes and services on hardware devices.

Additional Information:

The Software market comprises revenue and revenue change 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 consumers (B2C), 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 Microsoft, Adobe, SAP, Oracle, and Salesforce.

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Analyst Opinion

Software has become an essential part of everyday life, and Mozambique is no exception. With the increasing demand for digitalization, the software market in Mozambique has been developing at a steady pace.

Customer preferences: Mozambique has a young and growing population, with a high demand for technology. The country has a large number of small and medium-sized enterprises (SMEs) that are increasingly adopting software solutions to improve their productivity and efficiency. The government has also been investing in digitalization, which has led to an increase in demand for software solutions in the public sector.

Trends in the market: One of the significant trends in the software market in Mozambique is the shift towards cloud-based solutions. With the increasing need for remote work and collaboration, cloud-based software solutions have become more popular among businesses. Another trend is the rise of mobile applications, with mobile devices becoming the primary means of accessing the internet in Mozambique.

Local special circumstances: Mozambique is a country with a low level of digital infrastructure, which has created a unique market for software solutions. The lack of traditional infrastructure has led to the adoption of mobile and cloud-based solutions, making Mozambique a prime market for software developers in these areas. Additionally, the country's economy is heavily reliant on agriculture, which has created a demand for software solutions in the agricultural sector.

Underlying macroeconomic factors: Mozambique is a country with a high potential for economic growth, but it has faced challenges due to political instability and natural disasters. The government has been making efforts to improve the business environment and attract foreign investment, which has led to an increase in demand for software solutions. Additionally, the country has a relatively low level of internet penetration, which presents an opportunity for software developers to tap into a growing market.

Methodology

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.