Administrative Software - Bahrain

In Bahrain, the projected revenue of the Administrative Software market is expected to reach US$2.72m in 2024.
This is estimated to grow annually at a rate of 1.97%, resulting in a market volume of US$3.00m by 2029.
When compared globally, United States is anticipated to generate the highest revenue in this market, with US$7.44bn in 2024.
Bahrain's increasing focus on digital transformation has led to a surge in demand for administrative software solutions in the country.

Definition:

The Administrative Software market covers software applications that are used to manage various administrative tasks and processes within an organization such as administration of IT infrastructure, standalone (non-ERP based) human resources management, and payroll management.

Products in the Administrative 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.

Additional Information:

The Administrative 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 consumers (B2C), enterprises (B2B) as well as governments (B2G).

Key players in this market include Workday, Intuit, and ServiceNow.

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Core HR-software, such as Personio, BambooHR, and RUN Powered by ADP
Payroll software, such as Paycor, Gusto, and Paychex
Learning & development software, such as Docebo and Adobe Learning Manager
Compliance software, such as SiteDocs, Skillcast, and Netwrix

Talent acquisition, such as Lever, Greenhouse, and Zoho Recruit
Workforce management, such as ADP Workforce Now, BambooHR, and Zoho People

Administrative Software market in Bahrain is currently experiencing a steady growth due to several factors that are driving the demand for administrative software solutions in the country.

Customer preferences: Bahrain's administrative software market is driven by the increasing demand for software solutions that can help companies automate their administrative processes. Companies in Bahrain are looking for software solutions that can help them streamline their operations and improve their efficiency. This has led to an increase in demand for administrative software solutions that can automate tasks such as data entry, record keeping, and document management.

Trends in the market: One of the key trends in the administrative software market in Bahrain is the increasing adoption of cloud-based solutions. Cloud-based solutions offer several benefits to companies, including lower costs, greater flexibility, and improved accessibility. As a result, many companies in Bahrain are shifting towards cloud-based administrative software solutions.Another trend in the market is the increasing use of mobile devices for administrative tasks. With the growing popularity of smartphones and tablets, many companies are looking for administrative software solutions that can be accessed on-the-go. This has led to an increase in demand for mobile-friendly administrative software solutions.

Local special circumstances: Bahrain's administrative software market is driven by several local circumstances, including the country's small size and its business-friendly environment. Bahrain is a small country with a population of just over 1.5 million people. This makes it an ideal location for companies looking to test new products and services in a small market before expanding to larger markets.In addition, Bahrain has a business-friendly environment that encourages entrepreneurship and innovation. The country has a well-developed ICT infrastructure and a supportive regulatory environment, which makes it an attractive location for companies looking to develop and test new administrative software solutions.

Underlying macroeconomic factors: Bahrain's administrative software market is also influenced by several underlying macroeconomic factors, including the country's GDP growth rate and its level of economic diversification. Bahrain has a relatively high GDP growth rate compared to other countries in the region, which has led to an increase in demand for administrative software solutions.In addition, Bahrain is actively working to diversify its economy and reduce its reliance on oil. This has led to an increase in demand for administrative software solutions that can help companies in non-oil sectors improve their efficiency and streamline their operations.

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.

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