System Infrastructure Software - Armenia

Armenia's System Infrastructure Software market is expected to achieve a revenue of US$22.62m in 2024.
This projection indicates a positive growth trajectory.
The market is forecasted to experience an annual growth rate (CAGR 2024-2029) of 4.31%, leading to a market volume of US$27.93m by 2029.
In terms of global comparison, United States is anticipated to generate the highest revenue in this market segment, reaching a substantial amount of US$80.08bn in 2024.
Armenia's growing tech sector is driving demand for system infrastructure software, fueling innovation and digital transformation in the country.

Definition:

The System Infrastructure Software market covers the type of software solutions that are designed to help manage and maintain the underlying infrastructure that supports an organization's applications and data. This includes a wide range of tools and technologies that help manage the physical and virtual infrastructure, including operating systems, middleware, virtualization, networking, storage, and security.

Products in the System Infrastructure 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.

Examples in the System Infrastructure Software market include operating systems such as Microsoft Windows Server, Red Hat Enterprise Linux, and Ubuntu Server; virtualization software such as VMware and Hyper-V; networking software such as Cisco IOS and Junos OS; and storage software such as EMC VMAX and NetApp.

Additional Information:

The System Infrastructure Software market comprises revenue and revenue growth as the key performance indicators. Only the 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 the 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, RedHat, and Cisco.

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Operating system software, such as Microsoft Windows, Linux Operating System, and Apple macOS
Storage management software, such as AWS Storage Gateway, Azure Archive Storage, and Cisco UCS Manager
IT management software, such as ManageEngine OpManager, NinjaOne, and Freshservice
Security software, such as CrowdStrike, Palo Alto Networks, and Proofpoint
Consumer and enterprise spend, such as Airbase, Spendesk, and Procurify

Application development and deployment software, such as Android Studio, Microsoft Visual Studio, and Google Cloud Platform
Data management software, such as AWS, SAP Master Data Governance, and SQL Server Integration Service
Infrastructure as a service (Iaas), such as Microsoft Azure, Alibaba Cloud, and DigitalOcean
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

Armenia, a country in the South Caucasus region of Eurasia, has been experiencing a steady growth in its System Infrastructure Software market.

Customer preferences: Armenian customers are increasingly prioritizing the need for efficient and effective system infrastructure software. This has been driven by the need for better data management, enhanced security, and improved communication systems. Additionally, the growing trend of remote working due to the COVID-19 pandemic has further increased the demand for reliable and secure system infrastructure software.

Trends in the market: One of the major trends in the Armenian System Infrastructure Software market is the adoption of cloud-based solutions. This has been driven by the need for flexibility, scalability, and cost-effectiveness. Additionally, the rise of Artificial Intelligence (AI) and Machine Learning (ML) has led to the development of more advanced system infrastructure software solutions. These solutions are designed to provide better data analytics, predictive maintenance, and automated decision-making capabilities.

Local special circumstances: Armenia's strategic location at the crossroads of Europe and Asia has made it a key player in the tech industry. The country has a highly educated workforce and a vibrant startup ecosystem. This has led to the development of innovative system infrastructure software solutions that are tailored to the needs of Armenian businesses. Additionally, the country's membership in the Eurasian Economic Union (EAEU) has opened up new opportunities for the Armenian tech industry to expand into other EAEU member states.

Underlying macroeconomic factors: Armenia's economy has been growing steadily over the past decade, with a focus on the development of the tech industry. The government has implemented policies aimed at promoting innovation and entrepreneurship, including tax incentives and grants for tech startups. Additionally, the country has a favorable business environment, with low taxes and a simplified regulatory framework. These factors have attracted foreign investment and encouraged the growth of the tech industry, including the System Infrastructure 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.