Administrative Software - GCC | Statista Market Forecast

The GCC is projected to witness significant growth in the Administrative Software market.
By 2024, the revenue is expected to reach US$102.40m.
This indicates a promising market potential for the country.
Furthermore, an annual growth rate (CAGR 2024-2029) of 1.28% is anticipated, leading to a market volume of US$109.10m by 2029.
In comparison to other countries worldwide, United States is projected to generate the highest revenue in the Administrative Software market.
In 2024, the revenue is estimated to reach an impressive US$7.44bn.
This highlights the dominance of the United States in this market segment.
The GCC is experiencing a surge in demand for cloud-based administrative software, as businesses seek efficient and cost-effective solutions to streamline their 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

Administrative Software is a growing market in the GCC region, with increasing demand for efficient and streamlined operations across various industries.

Customer preferences: Customers in the GCC region are increasingly looking for software solutions that can help them automate and streamline their administrative processes. This includes solutions for document management, workflow automation, and project management. In addition, there is a growing demand for cloud-based solutions that can be accessed from anywhere, at any time.

Trends in the market: One of the key trends in the administrative software market in the GCC region is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies are being used to automate repetitive tasks, improve decision-making, and enhance overall efficiency. Another trend is the integration of administrative software with other business applications, such as accounting and customer relationship management (CRM) systems. This allows for a more seamless and efficient workflow across different departments.

Local special circumstances: The GCC region is home to a number of industries that have unique administrative requirements. For example, the construction industry requires solutions that can manage complex project timelines and budgets, while the healthcare industry requires solutions that can handle large volumes of patient data. In addition, there are cultural and linguistic differences across the region that need to be taken into account when developing administrative software solutions.

Underlying macroeconomic factors: The GCC region is experiencing rapid economic growth, with a focus on diversifying away from oil and gas. This has led to an increase in investment in various industries, which in turn has driven demand for administrative software solutions. In addition, the region has a young and tech-savvy population that is driving innovation and adoption of new technologies. Finally, the GCC region is home to a number of government initiatives aimed at promoting digital transformation, which is further driving demand for administrative software solutions.

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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