Administrative Software - Ireland

In Ireland, the Administrative Software market is expected to witness a significant growth in revenue.
By 2024, the projected revenue is estimated to reach US$30.96m.
Looking ahead, the market is anticipated to exhibit a compound annual growth rate (CAGR 2024-2029) of 3.36%, resulting in a market volume of US$36.51m by 2029.
It is worth noting that, in comparison to other countries globally, United States is projected to generate the highest revenue in this market segment, with an estimated amount of US$7.44bn in 2024.
Ireland's administrative software market is thriving, with a strong focus on cloud-based solutions and automation to streamline business processes.

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 Ireland has been increasing steadily in recent years.

Customer preferences: Irish businesses are increasingly looking for administrative software that offers cloud-based solutions, as this allows them to access their data from anywhere. Additionally, there is a growing interest in software that offers automation, as this can help businesses to streamline their processes and reduce the risk of errors. Finally, there is a strong preference for software that is easy to use and implement, as many small and medium-sized businesses in Ireland do not have dedicated IT departments.

Trends in the market: One of the major trends in the administrative software market in Ireland is the increasing use of artificial intelligence (AI) and machine learning. This technology can be used to automate routine tasks, such as data entry, and can also help businesses to identify patterns and insights in their data. Additionally, there is a growing trend towards the integration of administrative software with other business systems, such as accounting software and CRM systems.

Local special circumstances: One of the unique aspects of the Irish market is the high concentration of small and medium-sized businesses. These businesses often have different needs and priorities than larger enterprises, and as such, there is a growing demand for administrative software that is tailored to their needs. Additionally, there is a strong focus on data privacy and security in Ireland, which has led to increased demand for software that can help businesses to comply with regulations such as GDPR.

Underlying macroeconomic factors: The Irish economy has been performing strongly in recent years, with low unemployment and steady GDP growth. This has led to increased investment in technology and digital infrastructure, which has in turn driven demand for administrative software. Additionally, Ireland's position as a hub for technology companies has led to increased competition in the software market, which has driven innovation and led to the development of new products and services.

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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