System Infrastructure Software is an essential component of the IT industry, providing the necessary tools for managing and maintaining computer systems. In Mongolia, the demand for System Infrastructure Software has been steadily increasing over the years, driven by various factors.
Customer preferences: Mongolian companies are increasingly adopting cloud-based infrastructure, which has led to a rise in demand for System Infrastructure Software that supports cloud computing. Additionally, there is a growing need for software that can manage and secure data, as companies seek to protect their sensitive information from cyber threats.
Trends in the market: The System Infrastructure Software market in Mongolia is witnessing a shift towards open-source solutions, as companies seek to reduce costs and increase flexibility. This trend is in line with the global market, which has seen a rise in the adoption of open-source software. Another trend is the increasing use of automation tools, which help to streamline IT operations and reduce manual workloads.
Local special circumstances: Mongolia has a relatively small IT industry, which is dominated by a few large players. This has led to a lack of competition in the market, which can result in higher prices for customers. Additionally, the country's limited infrastructure can pose challenges for companies seeking to adopt new technologies.
Underlying macroeconomic factors: Mongolia's economy is heavily dependent on the mining industry, which has been affected by fluctuations in commodity prices. This can impact the IT industry, as companies may have less capital to invest in new technologies during times of economic uncertainty. However, the government has recognized the importance of developing the IT sector and has implemented policies to support its growth. This includes initiatives to improve digital infrastructure and increase access to financing for tech startups.
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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