System Infrastructure Software - Ethiopia

Ethiopia

The System Infrastructure Software market in Ethiopia is predicted to witness a significant increase in revenue, with projected earnings reaching US$138.90m in 2024.
This growth is expected to continue at a steady pace, with an annual growth rate (CAGR 2024-2029) of 10.06%.
As a result, the market volume is estimated to reach US$224.30m by the year 2029.
When compared to other countries globally, United States is expected to generate the highest revenue in this market segment, with projected earnings of US$80,080.00m in 2024.
Ethiopia's growing tech industry is driving demand for system infrastructure software, as companies invest in modernizing their IT infrastructure.

Key regions: France, Australia, China, Japan, Canada

Market

Region

Region comparison

Currency

Analyst Opinion

The System Infrastructure Software market in Ethiopia is showing promising growth in recent years.

Customer preferences: Ethiopian customers are increasingly demanding technology solutions that can help them optimize their business operations. They are looking for software that can improve their business processes, enhance their data security, and provide better collaboration tools. As a result, there is a growing demand for System Infrastructure Software in Ethiopia.

Trends in the market: One of the major trends in the System Infrastructure Software market in Ethiopia is the increasing adoption of cloud-based solutions. Many Ethiopian businesses are moving away from traditional on-premises software and are adopting cloud-based solutions that offer greater flexibility, scalability, and cost-effectiveness. Another trend in the market is the growing importance of cybersecurity. Ethiopian businesses are becoming increasingly aware of the importance of protecting their data and are investing in software that can help them do so.

Local special circumstances: Ethiopia is one of the fastest-growing economies in Africa, with a rapidly expanding technology sector. The government is investing heavily in infrastructure development, including the expansion of the country's telecommunications network. This is creating new opportunities for technology companies, including those that provide System Infrastructure Software.

Underlying macroeconomic factors: The Ethiopian economy has been growing at an average rate of around 10% per year, driven by strong domestic demand and foreign investment. This has created a favorable business environment for technology companies, including those in the System Infrastructure Software market. Additionally, the government's focus on infrastructure development is creating new opportunities for technology companies to expand their operations in the country.

Methodology

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.