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Key regions: United States, Canada, Germany, China, Japan
Taiwan, known for its technology industry, has a thriving software market that caters to both domestic and international customers.
Customer preferences: Taiwanese customers prefer software that is efficient, user-friendly, and cost-effective. They also value software that is compatible with their existing systems and can integrate with other software easily.
Trends in the market: One of the major trends in the software market in Taiwan is the increasing demand for cloud-based software solutions. This is driven by the need for flexible and scalable software that can be accessed from anywhere. Another trend is the growth of artificial intelligence (AI) and machine learning (ML) software, which is being used in various industries such as healthcare, finance, and manufacturing.
Local special circumstances: Taiwan has a highly skilled workforce and a strong technology infrastructure, which makes it an ideal location for software development. The government has also implemented policies to support the growth of the software industry, such as tax incentives and funding for research and development.
Underlying macroeconomic factors: Taiwan's economy is heavily dependent on exports, particularly in the technology sector. The software industry plays an important role in driving innovation and competitiveness in this sector. Additionally, the government's focus on developing a digital economy has led to increased investment in software and technology infrastructure. However, the industry also faces challenges such as competition from other countries and the need to keep up with rapidly evolving technology trends.
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.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)