Collaboration Software - Burundi | Statista Market Forecast

The Collaboration Software market in Burundi is expected to generate a revenue of US$408.90k in 2024.
This revenue is projected to grow at an annual growth rate (CAGR 2024-2029) of 3.41%, leading to a market volume of US$483.60k by 2029.
When compared globally, United States is anticipated to generate the highest revenue in this market, with an estimated amount of US$7.84bn in 2024.
Collaboration software adoption in Burundi is rapidly increasing, as businesses embrace digital transformation to enhance communication and teamwork.

Definition:

The Collaboration Software market covers software applications that are used to facilitate communication and collaboration among teams and individuals within an organization through various channels, such as email, instant messaging, video conferencing, and file sharing.

Products in the Collaboration 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 Collaboration Software market comprises revenue, revenue growth, and key player market shares 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 Zoom, Cisco, Slack, and LogMeIn.

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Team collaboration applications, such as Slack, Jira, and Trello
Conferencing applications, such as Zoom, Skype, and Microsoft Teams
Email applications, such as Microsoft Outlook, Amazon WorkMail, and Yahoo Business Mail
Synchronization software, such as NinjaOne, Cato Networks Suite, and ManageEngine ADManager Plus
Sharing software, such as Google Drive, Dropbox, and OneDrive

Social networks, such as Yammer, Twitter, and Buffer
Free-of-charge software, such as Airtable, Anaplan, and BlackLine
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The Collaboration Software market in Burundi has seen significant growth in recent years, driven by the increasing adoption of digital technologies and the growing need for remote collaboration among businesses and organizations.

Customer preferences: Burundian businesses and organizations are increasingly looking for collaboration software that can support remote work and improve team productivity. This has led to a growing demand for cloud-based collaboration tools that can be accessed from anywhere, anytime, and on any device. Additionally, Burundian businesses are also looking for collaboration software that can integrate with other business applications and tools, such as project management software, CRM systems, and email clients.

Trends in the market: One of the key trends in the Collaboration Software market in Burundi is the growing adoption of video conferencing and virtual meeting solutions. With the COVID-19 pandemic forcing many businesses to shift to remote work, video conferencing has become an essential tool for communication and collaboration. As a result, many Burundian businesses are investing in video conferencing software to support remote work and improve team collaboration.Another trend in the market is the growing demand for collaboration software that can support mobile devices. With the increasing use of smartphones and tablets in the workplace, many businesses are looking for collaboration software that can be accessed from mobile devices. This has led to a growing demand for mobile-friendly collaboration tools that can be used on-the-go.

Local special circumstances: Burundi is one of the poorest countries in the world, with a largely agrarian economy and limited access to digital technologies. As a result, the adoption of collaboration software in Burundi has been slower than in other countries in the region. However, the Burundian government has recognized the importance of digital technologies for economic development and has launched several initiatives to promote the adoption of digital technologies, including collaboration software.

Underlying macroeconomic factors: Burundi's economy is heavily dependent on agriculture, which accounts for over 90% of the country's exports. The country has been facing significant economic challenges in recent years, including high inflation, low foreign investment, and political instability. These factors have made it difficult for businesses to invest in collaboration software and other digital technologies. However, the government's efforts to promote digital technologies and improve the business environment are expected to drive the growth of the Collaboration Software market in Burundi in the coming years.

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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These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.