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Administrative Software - Ireland

Ireland

Revenue in the Administrative Software market is projected to reach US$30.73m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.90%, resulting in a market volume of US$35.81m 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

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Analyst Opinion

The demand for administrative software in Ireland has been increasing steadily in recent years.

Customer preferences: Irish businesses are increasingly looking for administrative software that offers cloud-based solutions, as this allows them to access their data from anywhere. Additionally, there is a growing interest in software that offers automation, as this can help businesses to streamline their processes and reduce the risk of errors. Finally, there is a strong preference for software that is easy to use and implement, as many small and medium-sized businesses in Ireland do not have dedicated IT departments.

Trends in the market: One of the major trends in the administrative software market in Ireland is the increasing use of artificial intelligence (AI) and machine learning. This technology can be used to automate routine tasks, such as data entry, and can also help businesses to identify patterns and insights in their data. Additionally, there is a growing trend towards the integration of administrative software with other business systems, such as accounting software and CRM systems.

Local special circumstances: One of the unique aspects of the Irish market is the high concentration of small and medium-sized businesses. These businesses often have different needs and priorities than larger enterprises, and as such, there is a growing demand for administrative software that is tailored to their needs. Additionally, there is a strong focus on data privacy and security in Ireland, which has led to increased demand for software that can help businesses to comply with regulations such as GDPR.

Underlying macroeconomic factors: The Irish economy has been performing strongly in recent years, with low unemployment and steady GDP growth. This has led to increased investment in technology and digital infrastructure, which has in turn driven demand for administrative software. Additionally, Ireland's position as a hub for technology companies has led to increased competition in the software market, which has driven innovation and led to the development of new products and services.

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.