Key regions: France, South Korea, Germany, United Kingdom, Netherlands
The demand for administrative software in Eastern Asia has been on the rise in recent years.
Customer preferences: Customers in Eastern Asia have been increasingly demanding administrative software that is easy to use and offers a wide range of features. They are looking for software that can help them manage their businesses more efficiently and effectively. Additionally, customers are looking for software that is customizable and can be tailored to their specific needs.
Trends in the market: In China, the administrative software market has been growing rapidly due to the increasing number of small and medium-sized enterprises (SMEs) in the country. These SMEs are looking for affordable administrative software that can help them manage their businesses more efficiently. In Japan, the market for administrative software has been growing due to the increasing adoption of cloud-based solutions. Cloud-based solutions offer greater flexibility and scalability than traditional on-premise solutions.
Local special circumstances: In South Korea, the government has been promoting the adoption of administrative software among small and medium-sized enterprises (SMEs) as part of its efforts to boost the country's economy. The government has been providing financial incentives to SMEs to encourage them to adopt administrative software. In Taiwan, the market for administrative software has been growing due to the increasing number of startups in the country. These startups are looking for affordable administrative software that can help them manage their businesses more efficiently.
Underlying macroeconomic factors: The growth of the administrative software market in Eastern Asia can be attributed to several underlying macroeconomic factors. One of the main factors is the increasing number of small and medium-sized enterprises (SMEs) in the region. These SMEs are looking for affordable administrative software that can help them manage their businesses more efficiently. Additionally, the increasing adoption of cloud-based solutions in the region has also contributed to the growth of the market. Cloud-based solutions offer greater flexibility and scalability than traditional on-premise solutions. Finally, the governments of several countries in the region have been promoting the adoption of administrative software among SMEs as part of their efforts to boost their economies.
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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