Administrative Software - Kazakhstan

The Administrative Software market in Kazakhstan is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$15.46m by 2024.
Furthermore, it is anticipated that the market will experience an annual growth rate of 1.58% from 2024 to 2029, resulting in a market volume of US$16.72m by the end of the forecast period.
When compared globally, it is noteworthy that United States is projected to generate the highest revenue in the Administrative Software market, with an estimated value of US$7.44bn in 2024.
Kazakhstan is witnessing a growing demand for advanced administrative software solutions to streamline business operations and enhance 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

Administrative software is an essential tool for businesses worldwide as it helps in managing different administrative tasks. In Kazakhstan, the demand for administrative software has been on the rise in recent years.

Customer preferences: Kazakhstan businesses have shown a preference for administrative software that is easy to use, scalable, and cost-effective. They are looking for software that can automate their administrative tasks, increase efficiency, and reduce the need for manual labor. Additionally, businesses in Kazakhstan are also looking for administrative software that can be customized to meet their specific needs.

Trends in the market: One of the most significant trends in the administrative software market in Kazakhstan is the rise of cloud-based software. Cloud-based software is becoming increasingly popular due to its scalability, flexibility, and cost-effectiveness. It allows businesses to access their administrative software from anywhere, at any time, and on any device. This trend is expected to continue in the coming years as more businesses in Kazakhstan move towards cloud-based solutions.Another trend in the administrative software market in Kazakhstan is the integration of artificial intelligence (AI) and machine learning (ML) capabilities. AI and ML are being used to automate administrative tasks and improve the accuracy and efficiency of administrative processes. This trend is expected to continue in the coming years as more businesses in Kazakhstan adopt AI and ML technologies.

Local special circumstances: Kazakhstan is the largest landlocked country in the world and has a diverse economy that includes agriculture, mining, and oil and gas. The country is also strategically located at the crossroads of Europe and Asia, making it an essential hub for trade between the two regions. These factors have contributed to the growth of the administrative software market in Kazakhstan as businesses in different sectors look for solutions to manage their administrative tasks more efficiently.

Underlying macroeconomic factors: Kazakhstan has been experiencing steady economic growth in recent years, driven by its natural resources and strategic location. The government has been implementing policies to attract foreign investment and promote economic diversification, which has contributed to the growth of the administrative software market. Additionally, the country has a young and tech-savvy population that is increasingly adopting digital technologies, which is also driving the demand for administrative software.

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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