Administrative Software - Eastern Asia

In Eastern Asia, the revenue in the Administrative Software market is forecasted to achieve a remarkable milestone, reaching US$813.70m in the year 2024.
Looking towards the future, a steady growth rate of 2.04% per annum (CAGR 2024-2029) is anticipated, leading to a substantial market volume of US$900.10m by the year 2029.
When comparing the global market, United States is expected to dominate, generating a substantial revenue of US$7.44bn in the year 2024.
In Eastern Asia, Japan leads the way in administrative software with cutting-edge technologies and a focus on efficiency and productivity.

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 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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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