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Administrative Software - Americas

Americas

Revenue in the Administrative Software market is projected to reach US$8.46bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.53%, resulting in a market volume of US$8.99bn by 2028.
In global comparison, most revenue will be generated in the United States (US$7,422.00m in 2024).

Key regions: United States, Japan, South Korea, France, Australia

Market

Region

Region comparison

Currency

Analyst Opinion

The demand for administrative software in the Americas has been steadily increasing over the past few years.

Customer preferences: Customers in the Americas are increasingly looking for administrative software solutions that are easy to use, customizable, and can integrate with other systems. They also prefer cloud-based solutions as they offer greater flexibility and scalability.

Trends in the market: The United States is the largest market for administrative software in the Americas, followed by Canada and Mexico. In the US, there has been a growing trend towards the adoption of cloud-based solutions, particularly among small and medium-sized businesses. This is due to the lower cost of ownership and the ability to access the software from anywhere. In Canada, there has been a focus on developing administrative software solutions for specific industries, such as healthcare and finance. Mexico has seen a rise in demand for administrative software solutions that can help businesses comply with government regulations.

Local special circumstances: In Brazil, the administrative software market has been growing rapidly due to the government's push towards digitization. The government has implemented several initiatives to encourage businesses to adopt digital solutions, including tax incentives and subsidies. This has led to an increase in demand for administrative software solutions that can help businesses comply with government regulations and streamline their operations.

Underlying macroeconomic factors: The Americas region has a strong and stable economy, which has contributed to the growth of the administrative software market. The region has also seen a rise in the number of small and medium-sized businesses, which has created a demand for affordable and easy-to-use administrative software solutions. Additionally, the increasing adoption of mobile devices and cloud technology has made it easier for businesses to access administrative software solutions from anywhere, further driving the growth of the market.

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.