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Administrative Software - New Zealand

New Zealand

Revenue in the Administrative Software market is projected to reach US$46.04m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.96%, resulting in a market volume of US$51.73m by 2028.
In global comparison, most revenue will be generated in the United States (US$7,422.00m in 2024).

Key regions: United States, Japan, South Korea, France, Australia

Market

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Analyst Opinion

Administrative software has become an essential tool for businesses in New Zealand. This software is used to manage various administrative tasks such as accounting, payroll, and project management. The market for administrative software in New Zealand has been growing steadily in recent years, driven by customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in New Zealand are increasingly looking for administrative software that is user-friendly, cloud-based, and customizable. They want software that can be accessed from anywhere, at any time, and on any device. Additionally, customers want software that can integrate with other tools and services they are already using, such as email and social media.

Trends in the market: One of the major trends in the administrative software market in New Zealand is the shift towards cloud-based solutions. This trend is being driven by the increasing adoption of cloud technology in general, as well as the benefits that cloud-based administrative software can offer. These benefits include lower costs, greater flexibility, and easier collaboration.Another trend in the market is the increasing demand for mobile-friendly software. With more and more people using smartphones and tablets to access the internet, businesses are looking for administrative software that can be easily accessed and used on these devices.

Local special circumstances: New Zealand is a small country with a relatively small market for administrative software. This means that businesses in New Zealand are often looking for software that is tailored to their specific needs and requirements. Additionally, many businesses in New Zealand are focused on sustainability and environmental responsibility, which can influence their choice of administrative software.

Underlying macroeconomic factors: The New Zealand economy has been growing steadily in recent years, with low unemployment and a stable political environment. This has created a favorable business environment, which has helped to drive demand for administrative software. Additionally, the New Zealand government has been investing heavily in digital infrastructure and technology, which has helped to support the growth of the administrative software market.

Methodology

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.