Productivity Software - Ghana | Statista Market Forecast

In 2024, the projected revenue in the Productivity Software market in Ghana is expected to reach US$31.47m.
The market is dominated by Office Software, which is projected to have a market volume of US$11.81m in the same year.
Looking ahead, the revenue is expected to grow at an annual rate of 3.06%, resulting in a market volume of US$36.59m by 2029.
When compared globally, United States is anticipated to generate the highest revenue, reaching US$40.87bn in 2024.
The adoption of productivity software in Ghana is on the rise, with businesses and individuals increasingly leveraging digital tools to enhance efficiency and streamline their operations.

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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Administrative software, such as ADP, Gusto, Workday, and SAP
Collaboration software, such as Google, Slack, and Zoom
Office software, such as Microsoft, Google, and Zoho
Creative software, such as Adobe, Canva, and Apple
Construction & design software, such as Dassault Systèmes, Autodesk, and Siemens

Operating system software, such as Microsoft Windows, Linux Operating System, and Apple macOS
Free-of-charge software, such as Airtable, Anaplan, and BlackLine
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The use of productivity software has become increasingly popular in Ghana, indicating a growing demand for technology-based solutions in the country.

Customer preferences: Ghanaian businesses and individuals are increasingly adopting productivity software to streamline their operations and improve efficiency. This is driven by a desire to keep up with global trends and improve competitiveness in the marketplace.

Trends in the market: The productivity software market in Ghana is witnessing a shift from traditional software solutions to cloud-based applications. This is due to the ease of use, flexibility, and cost-effectiveness of cloud-based solutions. Additionally, there is an increasing demand for mobile productivity software, as more Ghanaians are using smartphones and tablets to access the internet.

Local special circumstances: Ghana's business environment is characterized by a high level of informality, with many small and medium-sized enterprises (SMEs) operating in the country. These businesses often have limited resources and require affordable productivity software solutions that can help them manage their operations more efficiently. As a result, there is a growing demand for low-cost productivity software that is tailored to the needs of SMEs.

Underlying macroeconomic factors: Ghana's economy has been growing steadily in recent years, driven by the country's natural resources and a growing services sector. This has created a favorable environment for the adoption of productivity software, as businesses seek to improve their operations and increase their competitiveness. Additionally, the government of Ghana has been investing in the country's ICT infrastructure, which has helped to improve internet connectivity and increase access to technology-based solutions.

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.