Administrative Software - Ghana | Statista Market Forecast

The Administrative Software market in Ghana is expected to see a significant increase in revenue.
By 2024, the projected revenue is estimated to reach US$5.61m.
This growth is anticipated to continue with an annual growth rate of 3.60% from 2024 to 2029.
As a result, the market volume is projected to reach US$6.70m by 2029.
When compared globally, it is worth noting that United States is expected to generate the highest revenue in the Administrative Software market.
In 2024, the revenue generated United States is estimated to be US$7.44bn.
The demand for cloud-based administrative software solutions is rapidly increasing in Ghana, as businesses seek more efficient and cost-effective ways to manage 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.

For more information on the displayed data, use the info button right next to the boxes.

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, a tool that helps in managing and automating business operations, is gaining popularity in Ghana.

Customer preferences: Ghanaian businesses are increasingly adopting administrative software to streamline their operations and increase efficiency. Small and medium-sized enterprises (SMEs) are the primary customers of administrative software in Ghana. These businesses are looking for affordable and user-friendly solutions that can help them manage their day-to-day operations effectively.

Trends in the market: There is a growing trend of cloud-based administrative software in Ghana. Cloud-based solutions offer businesses the flexibility to access their data from anywhere, anytime, and on any device. This trend is driven by the increasing availability of reliable internet connectivity and the need for remote work solutions due to the COVID-19 pandemic.Another trend in the market is the integration of artificial intelligence (AI) and machine learning (ML) into administrative software. These technologies can help automate routine tasks, reduce errors, and provide valuable insights into business operations.

Local special circumstances: Ghana has a large number of SMEs, which account for more than 70% of the country's GDP. These businesses are the backbone of the Ghanaian economy, and they are driving the demand for administrative software. However, these businesses often face challenges such as limited access to financing, inadequate infrastructure, and a shortage of skilled labor. Administrative software can help these businesses overcome some of these challenges by increasing efficiency and reducing costs.

Underlying macroeconomic factors: Ghana's economy has been growing steadily over the past few years, with an average annual growth rate of around 6%. This growth has been driven by the country's natural resources, such as gold, oil, and cocoa. However, the COVID-19 pandemic has had a significant impact on the Ghanaian economy, leading to a contraction of around 1% in 2020. Despite this, the long-term outlook for the Ghanaian economy remains positive, and the demand for administrative software is expected to continue to grow.

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.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

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.