Office Software - Taiwan | Statista Market Forecast

The Office Software market in Taiwan is predicted to witness a significant increase in revenue, reaching an impressive US$186.90m by the year 2024.
Furthermore, it is expected to display a steady compound annual growth rate (CAGR) of 3.81% from 2024 to 2029, resulting in a market volume of US$225.30m by the end of the forecast period.
In terms of global comparison, United States is anticipated to generate the highest revenue in the Office Software market, amounting to a remarkable US$15.24bn in 2024.
Taiwan's office software market is dominated by local companies, with a strong focus on developing innovative and user-friendly solutions.

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 Taiwan has been steadily growing in recent years, driven by a combination of customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Taiwanese customers are increasingly looking for office software that is easy to use, affordable, and compatible with a wide range of devices. This has led to a rise in popularity of cloud-based office software solutions, which offer a high degree of flexibility and accessibility. In addition, customers are also looking for software that is tailored to their specific needs, with features such as language support and collaboration tools becoming increasingly important.

Trends in the market: One major trend in the Taiwanese Office Software market is the rise of cloud-based solutions. These solutions offer a number of advantages over traditional desktop software, including lower costs, greater flexibility, and improved collaboration capabilities. In addition, cloud-based software is often more secure and easier to maintain than desktop software, making it an attractive option for businesses of all sizes.Another trend in the market is the increasing importance of mobile devices. With more and more people using smartphones and tablets to access the internet and perform work-related tasks, there is a growing demand for office software that is compatible with these devices. This has led to a rise in the popularity of mobile office software solutions, which offer a high degree of mobility and flexibility.

Local special circumstances: Taiwan is home to a large number of small and medium-sized enterprises (SMEs), many of which are looking for affordable and easy-to-use office software solutions. This has created a strong demand for cloud-based software, which is often more cost-effective than traditional desktop software. In addition, many Taiwanese businesses are looking for software that is tailored to their specific needs, with features such as language support and collaboration tools becoming increasingly important.

Underlying macroeconomic factors: Taiwan's economy has been growing steadily in recent years, driven by a combination of strong export performance and domestic consumption. This has led to a rise in demand for office software solutions, as businesses seek to improve their productivity and efficiency. In addition, the government has been actively promoting the development of the technology sector, which has helped to drive innovation and 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.

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