Software - Niger

Niger

In Niger, the revenue in the Software market is projected to reach US$76.52m in 2024.
The dominant player in this market segment is Enterprise Software , which is expected to have a market volume of US$32.13m in 2024.
The revenue is anticipated to show an annual growth rate of 9.56% (CAGR 2024-2029), resulting in a market volume of US$120.80m by 2029.
When compared globally, United States is projected to generate the highest revenue of US$363.40bn in 2024.
Niger's software market is experiencing a surge in demand for cloud-based solutions, as businesses strive for increased flexibility and scalability.

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

Niger, a country in West Africa, has been experiencing a steady growth in its software market.

Customer preferences: The demand for software in Niger has been increasing due to the growth of the country's economy. Businesses are looking for ways to improve their processes and increase efficiency, and software solutions are seen as an effective way to achieve these goals. In addition, the younger generation in Niger is becoming more tech-savvy, leading to an increase in demand for software products.

Trends in the market: One trend in the software market in Niger is the rise of cloud-based software solutions. This trend is in line with the global shift towards cloud-based solutions, as they offer greater flexibility and scalability than traditional software solutions. Another trend is the increasing adoption of mobile applications, as more people in Niger are using smartphones to access the internet.

Local special circumstances: One factor that has contributed to the growth of the software market in Niger is the government's focus on developing the country's digital infrastructure. The government has launched initiatives to improve internet connectivity and increase access to technology, which has created a favorable environment for software companies to operate in. In addition, the country's relatively low labor costs have made it an attractive destination for outsourcing software development.

Underlying macroeconomic factors: Niger's economy has been growing steadily in recent years, driven by its agriculture, mining, and energy sectors. This growth has created new business opportunities and increased demand for software solutions. However, the country still faces challenges such as poverty, political instability, and a lack of infrastructure, which could hinder the growth of the software market in the long term.

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.