Office Software - Benelux | Statista Market Forecast

The Office Software market in Benelux is projected to generate a revenue of US$604.40m in 2024.
It is expected to exhibit a compound annual growth rate (CAGR 2024-2029) of 1.77%, leading to a market volume of US$659.90m by 2029.
In comparison to other countries worldwide, United States is forecasted to generate the highest revenue, amounting to US$15.24bn in 2024.
In the Benelux region, the demand for cloud-based office software solutions has seen a significant rise, driven by the need for remote work and collaboration.

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 popularity of digitalization has led to the growth of the office software market in Benelux.

Customer preferences: The customers in Benelux prefer office software that is user-friendly, has a wide range of features, and is compatible with multiple devices. They also look for software that provides cloud storage and the ability to collaborate with team members remotely.

Trends in the market: There is a growing trend of businesses adopting office software that provides automation and artificial intelligence features. This helps in streamlining workflow processes and improving productivity. Additionally, the demand for software that provides data analytics and visualization tools is on the rise. This helps businesses to make informed decisions and gain insights into their operations.

Local special circumstances: The Benelux region is home to a large number of small and medium-sized enterprises (SMEs). These businesses often have limited budgets and require cost-effective software solutions. As a result, there is a growing demand for open-source office software that is free to use and provides a range of features.

Underlying macroeconomic factors: The Benelux region has a stable and growing economy, which has led to an increase in the number of businesses. This has resulted in a higher demand for office software. Additionally, the region has a highly skilled workforce, which has led to the development of innovative software solutions. The region's focus on digitalization and the adoption of new technologies has also contributed to the growth of the office software 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.