Market Insights Technology Software Productivity Software

Administrative Software - Angola

Angola

Angola is a country with a promising market potential in the Administrative Software market.
By 2024, it is projected that the revenue in this market will reach a substantial amount of US$13.39m.
The market is expected to grow steadily with an annual growth rate, specifically a Compound Annual Growth Rate (CAGR), of 2.66% from 2024 to 2029.
This growth will result in a market volume of US$15.27m by 2029.
When comparing the revenue generated globally in the Administrative Software market, it is noteworthy that United States will lead the pack.
In 2024, United States is expected to generate a significant revenue of US$7,442.00m.
This demonstrates the dominance of the United States in this market segment.
Angola is experiencing a surge in demand for administrative software, with local businesses recognizing the need for streamlined operations and enhanced productivity.

Key regions: France, South Korea, Germany, United Kingdom, Netherlands

Market

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Analyst Opinion

Angola, a country located in southern Africa, has been experiencing a steady growth in its administrative software market. This growth can be attributed to several factors.

Customer preferences: Angolan customers are increasingly looking for administrative software that is easy to use and can be customized to their needs. They also prefer software that is cloud-based, allowing them to access their data from anywhere. Additionally, customers are looking for software that can integrate with other business tools, such as accounting software.

Trends in the market: One of the major trends in the administrative software market in Angola is the shift towards cloud-based solutions. This is due to the increasing availability of high-speed internet and the need for remote access to data. Another trend is the increasing use of mobile devices, which has led to a demand for software that is mobile-friendly.

Local special circumstances: Angola has a growing middle class, which has led to an increase in the number of small and medium-sized businesses. These businesses are looking for software that can help them manage their operations more efficiently. Additionally, the government has been investing heavily in infrastructure, which has led to an increase in foreign investment and the establishment of more businesses.

Underlying macroeconomic factors: Angola has been experiencing economic growth in recent years, which has led to an increase in consumer spending. Additionally, the government has been investing in infrastructure, which has created more opportunities for businesses. The country has also been working to diversify its economy, which has led to an increase in the number of businesses operating in various sectors. All of these factors have contributed to the growth of the administrative software market in Angola.

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.