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Administrative Software - Malta

Malta

Revenue in the Administrative Software market is projected to reach US$2.34m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.31%, resulting in a market volume of US$2.77m 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

Malta, a small island nation in the Mediterranean, is experiencing a steady growth in its Administrative Software market.

Customer preferences: The demand for Administrative Software in Malta is mainly driven by small and medium-sized businesses, looking to streamline their operations and increase efficiency. These businesses are increasingly adopting cloud-based solutions, which offer flexibility and cost-effectiveness. Additionally, there is a growing demand for software that offer multi-language support, as Malta is a bilingual country with English and Maltese being the official languages.

Trends in the market: One of the major trends in the Administrative Software market in Malta is the shift towards cloud-based solutions. This is driven by the need for businesses to access their data and software from anywhere, at any time. Another trend is the increasing use of mobile devices, which has led to the development of mobile-friendly software. The market is also seeing a rise in the use of artificial intelligence and automation, which is helping businesses to automate routine tasks and improve accuracy.

Local special circumstances: Malta has a unique business environment, with a high concentration of small and medium-sized businesses. This has led to a demand for software that is tailored to the needs of these businesses, with features such as invoicing, inventory management, and customer relationship management. Additionally, the country has a strong regulatory environment, which has led to a demand for software that is compliant with local regulations.

Underlying macroeconomic factors: Malta has a strong economy, with a high GDP per capita and a low unemployment rate. This has led to a growing number of businesses, which is driving the demand for Administrative Software. Additionally, the country has a highly skilled workforce, with a large number of professionals in the IT sector. This has led to the development of high-quality software solutions, which are competitive in the global market. The government of Malta is also supportive of the IT sector, with initiatives such as tax incentives and funding for startups.

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.