Productivity Software - Angola

Angola

The projected revenue in the Productivity Software market for Angola is expected to reach US$49.01m by 2024.
The market is dominated by Office Software, with a projected market volume of US$14.73m in 2024.
The revenue is anticipated to show an annual growth rate (CAGR 2024-2029) of 2.39%, resulting in a market volume of US$55.14m by 2029.
In terms of global comparison, United States is expected to generate the highest revenue with US$40,870.00m in 2024.
Angola's growing software market is driving demand for productivity software, as businesses seek to streamline operations and increase efficiency.

Key regions: Japan, Germany, China, Australia, Netherlands

Definition:

The Productivity Software market covers software applications that are designed to support individuals and organizations in increasing their efficiency and effectiveness in carrying out their tasks. This market includes applications ranging from common office software to complex creative software applications that are used for both personal and business purposes.

Products in the Productivity 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.

Structure:

The Productivity Software market contains five markets that are based on the functionality of the software:

Administrative Software refers to software applications that are used to manage various administrative tasks and processes within an organization.
Collaboration Software refers to software applications that are used to facilitate communication and collaboration among teams and individuals within an organization.
Office Software refers to software applications that are used for productivity and work-related tasks in an office environment.
Creative Software refers to software applications designed to support tasks such as graphic design, video editing, 3D modeling, music composition, and photo editing.
Construction and Design Software refers to software applications in the areas such as Computer-Aided Design (CAD), Manufacturing (CAM), and Product Lifecycle Management (PLM).

Additional Information:

The Productivity 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). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include Microsoft, Zoom, Adobe, SAP, and Dassault Systems.

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Market

Region

Region comparison

Currency

Analyst Opinion

Despite being one of the least developed countries in Africa, Angola has been experiencing a steady growth in its productivity software market.

Customer preferences: Angolan customers have shown a strong preference for software solutions that can improve their productivity and efficiency. This includes software that can automate repetitive tasks, manage projects, and facilitate communication and collaboration among team members. Additionally, there is a growing demand for cloud-based solutions that can be accessed remotely, which is particularly important in a country with limited IT infrastructure.

Trends in the market: One of the main trends in the Angolan productivity software market is the increasing adoption of mobile applications. With the majority of Angolans accessing the Internet through their mobile devices, software developers have been quick to create apps that can be used on smartphones and tablets. Another trend is the rise of artificial intelligence and machine learning technologies, which are being incorporated into productivity software to provide more advanced features and capabilities.

Local special circumstances: The Angolan market is unique in that it is still recovering from a long period of civil war and economic instability. This has resulted in limited access to technology and a lack of IT infrastructure. As a result, many Angolan businesses are relying on productivity software to help them streamline their operations and compete in a global marketplace.

Underlying macroeconomic factors: The Angolan government has been actively promoting economic diversification, with a particular focus on the technology sector. This has led to increased investment in the country's IT infrastructure and a growing number of tech startups. Additionally, the country's young and tech-savvy population has been driving demand for productivity software, as they look for ways to improve their productivity and efficiency in the workplace.

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.