Administrative Software - United States

The United States is expected to dominate the Administrative Software market, generating the highest revenue of US$7.44bn in 2024.
This market segment is projected to experience a steady annual growth rate (CAGR 2024-2029) of 1.44%, reaching a market volume of US$7.99bn by 2029.
The United States is experiencing a surge in demand for cloud-based administrative software solutions in various industries.

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 the United States has been steadily increasing over the past few years.

Customer preferences: Customers in the United States are increasingly looking for Administrative Software that is user-friendly, customizable, and cloud-based. They want software that can be easily integrated with other systems, and that can automate routine administrative tasks.

Trends in the market: One of the major trends in the Administrative Software market in the United States is the shift towards cloud-based solutions. This is being driven by the need for greater flexibility and scalability, as well as the desire to reduce IT costs. Another trend is the increasing use of Artificial Intelligence (AI) and Machine Learning (ML) to automate administrative tasks, such as data entry and invoice processing.

Local special circumstances: The United States has a highly competitive market for Administrative Software, with many small and large players vying for market share. Additionally, there is a growing demand for software that is compliant with data privacy regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).

Underlying macroeconomic factors: The growth of the Administrative Software market in the United States is being driven by a number of macroeconomic factors, including the increasing adoption of digital technologies by businesses, the growing need for efficiency and cost savings, and the rise of remote work. Additionally, the COVID-19 pandemic has accelerated the shift towards digital solutions, as businesses have had to adapt to remote work and online operations.

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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