Administrative Software - Egypt | Statista Market Forecast

Egypt is expected to see significant growth in the Administrative Software market.
Revenue in this market segment is projected to reach US$9.20m in 2024.
Furthermore, it is anticipated that the market will experience an annual growth rate of 6.78% from 2024 to 2029, resulting in a market volume of US$12.77m by 2029.
In global comparison, United States will generate the highest revenue, with an estimated US$7.44bn in 2024.
"Due to the increasing demand for efficient administrative solutions, Egypt is witnessing a surge in the adoption of advanced administrative software in various industries."

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 Administrative Software market in Egypt has been experiencing significant growth in recent years.

Customer preferences: Egyptian customers are increasingly looking for administrative software that can streamline their business operations and improve their overall efficiency. They are particularly interested in software that can automate repetitive tasks, such as data entry and record keeping, and provide real-time data analysis and reporting capabilities. Additionally, customers are looking for software that is user-friendly and can be easily integrated with their existing systems.

Trends in the market: One of the key trends in the Administrative Software market in Egypt is the growing adoption of cloud-based solutions. Cloud-based software offers several benefits, including lower upfront costs, increased scalability, and improved accessibility. As a result, many companies in Egypt are shifting away from traditional on-premise software solutions and moving towards cloud-based alternatives.Another trend in the market is the increasing use of artificial intelligence (AI) and machine learning (ML) technologies. These technologies can help automate routine tasks, improve data accuracy, and provide valuable insights into business operations. As AI and ML continue to mature, we can expect to see even greater adoption of these technologies in the Administrative Software market in Egypt.

Local special circumstances: Egypt has a large and growing technology sector, with a number of homegrown startups and established companies operating in the market. This has created a competitive environment for Administrative Software providers, with companies vying for market share and seeking to differentiate themselves through innovative products and services.Additionally, the Egyptian government has been actively promoting the adoption of technology in various sectors, including finance, healthcare, and education. This has created a favorable regulatory environment for Administrative Software providers, with government agencies and private companies alike investing in software solutions to improve their operations.

Underlying macroeconomic factors: Egypt has a large and growing population, with a significant portion of the population under the age of 30. This has created a large and growing workforce, which is increasingly demanding modern and efficient business solutions. Additionally, Egypt has a relatively low labor cost compared to other countries in the region, which has made it an attractive destination for foreign investment.Furthermore, Egypt has made significant strides in recent years to improve its business environment and attract foreign investment. This has included measures to streamline regulatory processes, reduce bureaucracy, and improve infrastructure. As a result, we can expect to see continued growth in the Administrative Software market in Egypt in the coming years.

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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These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.