Office Software - Morocco | Statista Market Forecast

The Office Software market in Morocco is projected to reach a revenue of US$14.74m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.29%, resulting in a market volume of US$18.18m by 2029.
In global comparison, United States will generate the highest revenue, with US$15.24bn in 2024.
Morocco's growing demand for cloud-based office software solutions is driving the digital transformation of businesses across the country.

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 Morocco has been experiencing significant growth in recent years, driven by a number of factors.

Customer preferences: Moroccan customers have shown a growing preference for cloud-based office software solutions, which offer greater flexibility and accessibility than traditional on-premises software. Additionally, customers are increasingly looking for software that can integrate with other business applications, such as customer relationship management (CRM) tools and accounting software.

Trends in the market: One of the key trends in the Moroccan Office Software market is the rise of local software providers. These companies are developing software specifically tailored to the needs of Moroccan businesses, offering features such as support for Arabic language and local accounting standards. Additionally, there has been a growing trend towards subscription-based pricing models, which offer customers more flexibility and predictable costs.

Local special circumstances: Morocco's growing economy and increasing use of technology in business have contributed to the growth of the Office Software market. Additionally, the government has launched a number of initiatives to promote the adoption of technology in the country, including the Digital Morocco 2020 strategy, which aims to make Morocco a regional leader in digital technology.

Underlying macroeconomic factors: Morocco's economy has been growing steadily in recent years, with a focus on developing key sectors such as manufacturing, tourism, and technology. This growth has led to an increase in the number of businesses operating in the country, and a corresponding increase in demand for Office Software solutions. Additionally, Morocco's strategic location as a gateway to Africa has made it an attractive destination for foreign investment, further driving growth in 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.

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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.