Software - Sudan

Sudan

In Sudan, the revenue in the Software market is projected to reach US$142.80m in 2024.
The market is dominated by Enterprise Software , which is expected to have a market volume of US$64.03m in 2024.
The revenue is expected to grow at an annual growth rate (CAGR 2024-2029) of 7.21%, resulting in a market volume of US$202.30m by 2029.
Comparatively, United States is projected to generate the highest revenue in the global market, with US$363.40bn in 2024.
Sudan's software market is experiencing a surge in demand for cloud-based solutions, driving innovation and digital transformation across industries.

Key regions: United States, Canada, Germany, China, Japan

Definition:

In general, software is defined as a set of instructions written as programming code to execute specific tasks on a computing device. The Software market covers a wide range of software products and solutions that are publicly sold by various companies. Most software solutions in this market are designed for professional use, but some can also be suitable for personal use. They can also range from basic productivity tools such as word processors and spreadsheets to complex software solutions such as project management tools, graphic design software, and enterprise resource planning software.

Products in the 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.

Structure:

The market contains four markets that are based on the functionality of the software:

Productivity Software refers to application software that supports activities such as producing documents, spreadsheets, drawings, and presentations. This market includes Administrative Software, Collaboration Software, Office Software, Creative Software, and Construction and Design Software.
Enterprise Software refers to all software that supports essential large-scale business activities such as enterprise resource management, customer management, and supply chain activities. This market includes Enterprise Resource Planning Software, Customer Relationship Management Software, Business Intelligence Software, Supply Chain Management Software, Content Management Software, and Other Enterprise Software.
Application Development Software refers to software and tools that help the overall application development process.
System Infrastructure Software refers to software that provides the base framework for operating and managing organizational processes and services on hardware devices.

Additional Information:

The Software market comprises revenue and revenue change 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). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include Microsoft, Adobe, SAP, Oracle, and Salesforce.

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Market

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Currency

Analyst Opinion

Sudan, a country in Northeast Africa, has been experiencing a surge in the software market in recent years.

Customer preferences: The demand for software in Sudan has been on the rise due to the increasing number of small and medium-sized enterprises (SMEs) in the country. These SMEs require software to manage their operations, including accounting, inventory management, and customer relationship management. Additionally, there has been a growing interest in e-commerce platforms, which has further fueled the demand for software.

Trends in the market: One of the major trends in the software market in Sudan is the shift towards cloud-based solutions. This is due to the increasing availability of high-speed internet and the need for remote access to software. Another trend is the adoption of open-source software, which is more affordable and customizable compared to proprietary software. Moreover, there has been a growing interest in mobile applications, with businesses seeking to develop apps to reach their customers on-the-go.

Local special circumstances: Sudan has a large young population, with over 60% of its citizens under the age of 25. This has led to a high demand for technology and digital solutions, including software. Furthermore, the country has a large diaspora community, many of whom are involved in the technology sector. This has led to the transfer of knowledge and skills, as well as investment in the local tech industry.

Underlying macroeconomic factors: Sudan has been experiencing economic reforms in recent years, including the removal of subsidies and the liberalization of the foreign exchange market. This has led to an increase in foreign investment, including in the technology sector. Additionally, the government has been investing in infrastructure, including in the ICT sector, to support the growth of the digital economy. However, the country still faces challenges such as political instability and limited access to financing, which could impact the growth of the software market in the long run.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises, except for the Enterprise Software segment, in which consumer (B2C) spending is not considered. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, level of digitization, GDP sector composition, and observed level of software piracy. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.