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The System Infrastructure Software market in Bhutan has been steadily developing over the years, with a growing demand for advanced technology and digitalization in the country.
Customer preferences: Bhutanese customers are increasingly adopting cloud computing, artificial intelligence, and machine learning technologies to streamline their business operations. With the rise of e-commerce and online transactions, there is a growing need for secure and reliable system infrastructure software that can support these digital platforms.
Trends in the market: One of the key trends in the System Infrastructure Software market in Bhutan is the adoption of open-source software solutions. This is driven by the need for cost-effective and customizable solutions that can be tailored to the specific needs of Bhutanese businesses. Another trend is the growing popularity of Software-as-a-Service (SaaS) models, which offer more flexibility and scalability than traditional software solutions.
Local special circumstances: Bhutan is a small, landlocked country with a relatively small economy. This means that local businesses often have limited resources and may face challenges in accessing the latest technology and software solutions. However, the government has been actively promoting digitalization and investing in infrastructure to support the growth of the technology sector in the country.
Underlying macroeconomic factors: The Bhutanese economy has been growing steadily over the past few years, with a focus on developing key industries such as tourism, hydropower, and agriculture. The government has also been investing in infrastructure and education to support the growth of the technology sector. Additionally, Bhutan has a young and tech-savvy population that is increasingly demanding advanced technology solutions to support their personal and professional lives.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)