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Administrative Software - United Kingdom

United Kingdom
  • The Administrative Software market in the United Kingdom is anticipated to witness a significant surge in revenue, with projections indicating a staggering amount of US$786.90m by the year 2024.
  • Moreover, this market segment is expected to exhibit a commendable compound annual growth rate (CAGR 2024-2029) of 3.83%, ultimately culminating in a market volume of US$949.60m by 2029.
  • When compared to other nations, it is noteworthy that United States is projected to generate the highest revenue in the Administrative Software market, with an estimated amount of US$7.44bn in 2024.
  • The United Kingdom is experiencing a rising demand for cloud-based administrative software solutions, as businesses seek to streamline their operations and adapt to remote work environments.

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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In-Scope

  • 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

Out-Of-Scope

  • Talent acquisition, such as Lever, Greenhouse, and Zoho Recruit
  • Workforce management, such as ADP Workforce Now, BambooHR, and Zoho People
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Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Jul 2024

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Administrative Software market in United Kingdom has been experiencing a steady growth over the past few years.

    Customer preferences:
    Customers in United Kingdom are increasingly looking for administrative software that can help them automate their business processes, reduce manual work, and improve efficiency. They prefer software that is easy to use, customizable, and provides real-time insights into their business operations. Cloud-based solutions are also gaining popularity due to their flexibility, scalability, and cost-effectiveness.

    Trends in the market:
    One of the major trends in the Administrative Software market in United Kingdom is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies are being used to automate repetitive tasks, improve decision-making, and provide personalized user experiences. Another trend is the growing demand for mobile-friendly software, as more and more employees are using mobile devices to access business applications.

    Local special circumstances:
    The Administrative Software market in United Kingdom is highly competitive, with a large number of domestic and international vendors offering a wide range of solutions. The market is also highly regulated, with strict data privacy and security laws that vendors must comply with. Additionally, Brexit has created some uncertainty in the market, with many businesses unsure about the impact it will have on their operations.

    Underlying macroeconomic factors:
    The UK economy has been growing steadily over the past few years, with low unemployment rates and rising wages. This has led to increased investment in technology and software solutions, as businesses look to improve their operations and stay competitive. The government has also been promoting the adoption of digital technologies through initiatives such as the Digital Strategy and the Industrial Strategy Challenge Fund, which are aimed at boosting innovation and productivity across various sectors.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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