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Administrative Software - United States

United States

Revenue in the Administrative Software market is projected to reach US$7.42bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.42%, resulting in a market volume of US$7.85bn 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 United States has been steadily increasing over the past few years.

Customer preferences: Customers in the United States are increasingly looking for Administrative Software that is user-friendly, customizable, and cloud-based. They want software that can be easily integrated with other systems, and that can automate routine administrative tasks.

Trends in the market: One of the major trends in the Administrative Software market in the United States is the shift towards cloud-based solutions. This is being driven by the need for greater flexibility and scalability, as well as the desire to reduce IT costs. Another trend is the increasing use of Artificial Intelligence (AI) and Machine Learning (ML) to automate administrative tasks, such as data entry and invoice processing.

Local special circumstances: The United States has a highly competitive market for Administrative Software, with many small and large players vying for market share. Additionally, there is a growing demand for software that is compliant with data privacy regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).

Underlying macroeconomic factors: The growth of the Administrative Software market in the United States is being driven by a number of macroeconomic factors, including the increasing adoption of digital technologies by businesses, the growing need for efficiency and cost savings, and the rise of remote work. Additionally, the COVID-19 pandemic has accelerated the shift towards digital solutions, as businesses have had to adapt to remote work and online operations.

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.