Administrative Software - South Africa

In South Africa, the revenue in the Administrative Software market is expected to reach US$60.59m in 2024.
Furthermore, it is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 1.50%, leading to a market volume of US$65.27m by 2029.
Comparatively, United States is projected to generate the highest revenue of US$7.44bn in 2024.
South Africa's administrative software market is experiencing a surge in demand, driven by the country's increasing focus on digital transformation and automation in government 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 Administrative Software market in South Africa has been steadily growing in recent years.

Customer preferences: South African customers are increasingly looking for administrative software solutions that are easy to use and offer a wide range of features. They also want software that is compatible with their existing systems and can be customized to meet their specific needs. Additionally, customers are becoming more concerned with data security and are looking for software that offers robust security features.

Trends in the market: One of the main trends in the South African Administrative Software market is the move towards cloud-based solutions. This is due to the increasing availability of high-speed internet and the need for software that can be accessed from anywhere. Another trend is the integration of artificial intelligence and machine learning into administrative software, which can help automate tasks and improve efficiency.

Local special circumstances: South Africa has a unique business environment, with a large number of small and medium-sized enterprises (SMEs) and a relatively low level of technology adoption. As a result, there is a significant opportunity for administrative software providers to tap into this market and provide solutions that are tailored to the needs of these businesses.

Underlying macroeconomic factors: The South African economy has been experiencing slow growth in recent years, which has led to increased competition in the market. However, the government has been making efforts to promote entrepreneurship and innovation, which could create new opportunities for administrative software providers. Additionally, the country has a relatively young and tech-savvy population, which could drive demand for innovative 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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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