Application Development Software - Jordan

Jordan

Revenue in the Application Development Software market is projected to reach US$56.13m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 7.89%, resulting in a market volume of US$76.06m by 2028.
In global comparison, most revenue will be generated in the United States (US$91,020.00m in 2024).

Key regions: Australia, Germany, United Kingdom, China, United States

Market

Region

Region comparison

Currency

Analyst Opinion

Amidst the rapid digital transformation and the increasing demand for software development, Jordan's Application Development Software market has been experiencing significant growth in recent years.

Customer preferences: In Jordan, there is a growing preference for application development software that can provide comprehensive solutions to complex problems. Businesses are looking for software that can automate their processes and improve efficiency. Additionally, with the rise of e-commerce, there is a growing demand for software that can enable online transactions and provide a seamless user experience.

Trends in the market: One of the major trends in the Jordanian Application Development Software market is the increasing adoption of cloud-based software. Cloud-based software allows businesses to access their applications and data from anywhere, at any time, which is especially important in a world where remote work is becoming more common. Another trend is the use of low-code or no-code software development platforms, which allow businesses to create custom applications without the need for extensive coding knowledge.

Local special circumstances: Jordan is home to a growing number of startups, and the government has been actively working to support the development of a thriving startup ecosystem. This has led to an increased demand for application development software, as startups look to create innovative solutions to meet the needs of the market. Additionally, Jordan has a large pool of talented developers, which has helped to fuel the growth of the Application Development Software market.

Underlying macroeconomic factors: Jordan's economy has been growing steadily in recent years, with a focus on developing the technology sector. The government has implemented policies to encourage foreign investment and promote innovation, which has helped to attract technology companies to the country. Additionally, Jordan has a young and tech-savvy population, which has helped to drive demand for application development software. Finally, Jordan's strategic location in the Middle East has made it an attractive location for businesses looking to expand into the region.

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.