Office Software - New Zealand | Statista Market Forecast

The Office Software market in New Zealand is anticipated to witness a significant revenue surge, projected to reach NZ US$91.41m by 2024.
Furthermore, this market segment is expected to demonstrate a steady annual growth rate (CAGR 2024-2029) of 2.68%, ultimately leading to a market volume of NZ US$104.30m by 2029.
In terms of global comparison, United States is projected to generate the highest revenue, amounting to US$15.24bn in 2024.
New Zealand has seen a surge in demand for cloud-based office software solutions, as businesses prioritize flexibility and remote work capabilities.

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 use of office software in New Zealand has been on the rise in recent years, with a growing number of businesses and individuals relying on these tools to enhance productivity and streamline operations.

Customer preferences: Customers in New Zealand are increasingly seeking out office software solutions that offer a range of features and functionalities. Cloud-based solutions are particularly popular, as they allow for easy collaboration and remote access. Additionally, customers are increasingly looking for software that is user-friendly and intuitive, with a focus on ease-of-use and accessibility.

Trends in the market: One key trend in the New Zealand office software market is the growing popularity of subscription-based models. Rather than purchasing software outright, many customers are opting to pay for access to software on a monthly or yearly basis. This allows for greater flexibility and cost-effectiveness, particularly for smaller businesses and individuals.Another trend in the market is the increasing importance of mobile compatibility. With more and more people working remotely or on-the-go, there is a growing demand for office software that can be accessed and used on mobile devices. This has led to a rise in the number of mobile-first office software solutions, as well as an increased focus on mobile compatibility among traditional software providers.

Local special circumstances: One unique aspect of the New Zealand market is the country's strong focus on sustainability and environmentalism. As a result, there is a growing demand for office software solutions that prioritize sustainability and eco-friendliness. This has led to the development of a number of "green" office software solutions, which offer features such as paperless invoicing and energy-efficient usage.

Underlying macroeconomic factors: The New Zealand economy has been relatively stable in recent years, with steady GDP growth and low unemployment rates. This has led to a growing number of businesses and individuals investing in office software solutions as a means of enhancing productivity and efficiency. Additionally, the country's strong focus on innovation and technology has helped to drive growth in the office software market, with many businesses and individuals seeking out cutting-edge solutions to meet their needs.

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.

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