Administrative Software - CIS | Statista Market Forecast

The country in Commonwealth of Independent States (CIS) is projected to witness a significant growth in the Administrative Software market.
By 2024, the revenue in this market segment is expected to reach US$143.10m.
Furthermore, a steady annual growth rate of 1.46% (CAGR 2024-2029) is anticipated, leading to a market volume of US$153.80m by 2029.
In comparison to other countries, United States is predicted to generate the highest revenue, with an estimated US$7.44bn in 2024.
In the CIS market, there is a growing demand for cloud-based administrative software solutions to streamline business operations.

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

The demand for administrative software in the CIS region has been steadily increasing in recent years.

Customer preferences: Customers in the CIS region have shown a preference for administrative software that is user-friendly, customizable, and offers a wide range of features. They also prefer software that is cost-effective and can integrate with other systems. Cloud-based solutions are becoming increasingly popular due to their flexibility and accessibility.

Trends in the market: One of the major trends in the CIS administrative software market is the shift towards cloud-based solutions. This is due to the increasing demand for remote access and the need for businesses to streamline their operations. Another trend is the integration of artificial intelligence and machine learning capabilities into administrative software, which can help automate tasks and improve efficiency.

Local special circumstances: The CIS region is known for its complex regulatory environment, which can pose challenges for businesses operating in the region. As a result, administrative software that can help companies comply with local regulations is in high demand. Additionally, the region's diverse cultural and linguistic landscape means that software providers need to offer solutions in multiple languages to cater to the needs of different customers.

Underlying macroeconomic factors: The CIS region has been experiencing economic growth in recent years, which has led to an increase in the number of businesses operating in the region. This has created a demand for administrative software that can help these businesses manage their operations more efficiently. Additionally, the region's large population and growing middle class have created a demand for software solutions that can help individuals manage their personal finances and businesses.In conclusion, the CIS administrative software market is growing due to the increasing demand for cloud-based solutions, the integration of artificial intelligence and machine learning capabilities, and the need for software that can help businesses comply with local regulations. Software providers need to offer customizable and cost-effective solutions that can integrate with other systems and cater to the diverse needs of customers in the region.

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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