Office Software - Argentina | Statista Market Forecast

In Argentina, the Office Software market is forecasted to achieve a revenue of US$15.74m in the year 2024.
It is anticipated that the revenue will display an annual growth rate of 0.98% between the years 2024 and 2029, leading to a market volume of US$16.53m by 2029.
When compared globally, United States is expected to generate the highest revenue in this market segment, with a projected value of US$15.24bn in 2024.
The demand for office software in Argentina has surged, with local businesses increasingly relying on digital tools to streamline their operations and enhance productivity.

Definition:

The Office Software market covers software applications that are used for productivity and work-related tasks in an office environment such as word processing, spreadsheet management, and presentation creation in both personal and professional environments.

Products in the Office 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 Office 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 Microsoft and Google.

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Word-processing, such as Microsoft Word, LibreOffice, and Grammarly
Spreadsheet-software, such as Google Sheets, Microsoft Excel, and Zoho Sheet
Visualization software, such as Microsoft Power BI, Tableau, and Infogram
Consumer and enterprise spend, such as Airbase, Spendesk, and Procurify

Creative software, such as Adobe, Canva, and Apple
Free-of-charge software, such as Airtable, Anaplan, and BlackLine

The Office Software market in Argentina has seen significant growth in recent years.

Customer preferences: Argentinian customers have shown a clear preference for cloud-based office software solutions, which offer greater flexibility and ease of use than traditional software. This trend is in line with global market trends, as cloud-based solutions continue to gain popularity worldwide.

Trends in the market: In addition to the shift towards cloud-based solutions, the Office Software market in Argentina has also seen increased competition from a range of new entrants. This has led to greater innovation and a wider range of options for customers, as companies seek to differentiate themselves in an increasingly crowded market.

Local special circumstances: One key factor driving the growth of the Office Software market in Argentina is the country's large and growing population of small and medium-sized enterprises (SMEs). These companies are increasingly reliant on digital tools and software solutions to drive productivity and efficiency, and are therefore a key market for office software providers.

Underlying macroeconomic factors: The growth of the Office Software market in Argentina is also being driven by broader macroeconomic trends, including the country's ongoing economic recovery and increasing levels of digital adoption. As more Argentinians come online and begin to use digital tools and services, the demand for office software solutions is likely to continue to grow.

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.