Creative Software - Burundi | Statista Market Forecast

In the country of Burundi, the Creative Software market is expected to experience significant growth.
By the year 2024, the projected revenue is estimated to reach US$211.00k.
This growth is expected to continue at an annual rate of 8.35%, resulting in a market volume of US$315.10k by 2029.
When compared to other countries around Worldwide, it is worth noting that United States is projected to generate the highest revenue in the Creative Software market.
In 2024 alone, United States is expected to generate a revenue of US$4.93bn.
Despite limited internet access, Burundi is experiencing a surge in demand for creative software as local artists and designers seek to showcase their talent globally.

Definition:

The Creative Software market covers software applications designed to support tasks such as graphic design, video editing, 3D modeling, music composition, and photo editing and are used for content creation, design, and media production.

Products in the Creative 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 Creative 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 Adobe and Corel.

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Sound & video recording software, such as OBS Studio, Camtasia, and Riverside
Image & video editing software, such as Adobe Premiere Pro, DaVinci Resolve, and Final Cut Pro

Free-of-charge software, such as Airtable, Anaplan, and BlackLine
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The Creative Software market in Burundi has been experiencing a steady growth in recent years.

Customer preferences: The demand for Creative Software in Burundi is largely driven by the growing number of small and medium-sized businesses that are looking to establish a digital presence. With the rise of e-commerce and online marketing, these businesses are increasingly turning to Creative Software to create engaging content for their websites and social media platforms. Furthermore, there is a growing interest in graphic design and video editing among young people, which is also contributing to the growth of the Creative Software market.

Trends in the market: One of the key trends in the Creative Software market in Burundi is the increasing popularity of cloud-based software. Cloud-based Creative Software offers a number of advantages over traditional desktop software, including lower upfront costs, automatic updates, and remote access. As internet connectivity improves in Burundi, more and more businesses and individuals are opting for cloud-based Creative Software.Another trend in the market is the growing demand for mobile-friendly software. With the majority of internet users in Burundi accessing the internet via mobile devices, there is a need for Creative Software that is optimized for mobile platforms. This trend is particularly evident in the realm of social media marketing, where businesses are increasingly using mobile devices to create and publish content.

Local special circumstances: Burundi is a relatively small market for Creative Software, and as such, there are few local developers of Creative Software. This means that the market is dominated by international players, who have a significant advantage in terms of brand recognition and marketing budgets. However, there is a growing interest in locally-developed software, and some Burundian developers are starting to gain traction in the market.

Underlying macroeconomic factors: Burundi is one of the poorest countries in the world, with a GDP per capita of less than $300. As such, the market for Creative Software is relatively small, and many businesses and individuals cannot afford to invest in expensive software packages. However, as the economy grows and more businesses establish an online presence, there is likely to be an increase in demand for Creative Software. Additionally, improvements in internet connectivity and mobile technology are likely to drive growth in the market.

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.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

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.