Software - Uzbekistan

Uzbekistan

Revenue in the Software market is projected to reach US$557.60m in 2024.
Enterprise Software dominates the market with a projected market volume of US$230.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 13.48%, resulting in a market volume of US$924.70m by 2028.
In global comparison, most revenue will be generated in the United States (US$353.50bn in 2024).

Key regions: United States, Canada, Germany, China, Japan

Definition:

In general, software is defined as a set of instructions written as programming code to execute specific tasks on a computing device. The Software market covers a wide range of software products and solutions that are publicly sold by various companies. Most software solutions in this market are designed for professional use, but some can also be suitable for personal use. They can also range from basic productivity tools such as word processors and spreadsheets to complex software solutions such as project management tools, graphic design software, and enterprise resource planning software.

Products in the Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Structure:

The market contains four markets that are based on the functionality of the software:

Productivity Software refers to application software that supports activities such as producing documents, spreadsheets, drawings, and presentations. This market includes Administrative Software, Collaboration Software, Office Software, Creative Software, and Construction and Design Software.
Enterprise Software refers to all software that supports essential large-scale business activities such as enterprise resource management, customer management, and supply chain activities. This market includes Enterprise Resource Planning Software, Customer Relationship Management Software, Business Intelligence Software, Supply Chain Management Software, Content Management Software, and Other Enterprise Software.
Application Development Software refers to software and tools that help the overall application development process.
System Infrastructure Software refers to software that provides the base framework for operating and managing organizational processes and services on hardware devices.

Additional Information:

The Software market comprises revenue and revenue change as the key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include Microsoft, Adobe, SAP, Oracle, and Salesforce.

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Region

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Analyst Opinion

Software solutions have become an integral part of modern-day businesses, and Uzbekistan is no exception. With a growing economy and increasing digitization, the software market in Uzbekistan has been on an upward trend.

Customer preferences: Uzbekistan has a young population with a high rate of internet penetration, making it a lucrative market for software providers. Customers in Uzbekistan are increasingly looking for software solutions that are user-friendly, cost-effective, and customizable to their needs. Additionally, there is a growing demand for cloud-based software solutions that offer flexibility and scalability.

Trends in the market: The software market in Uzbekistan has been experiencing steady growth, with a particular focus on enterprise software solutions. There has been an increasing demand for software solutions in industries such as finance, healthcare, and education. Additionally, there has been a growing trend towards the development of mobile applications, particularly in the e-commerce and transportation sectors.

Local special circumstances: Uzbekistan's government has been actively promoting the digitization of the economy, which has created a favorable environment for the growth of the software market. The government has also implemented various policies aimed at attracting foreign investment, which has led to an increase in the number of international software providers operating in the country.

Underlying macroeconomic factors: Uzbekistan's economy has been growing steadily over the past few years, with a particular focus on the development of the technology sector. The government has been investing heavily in the development of infrastructure and has been actively promoting the growth of the technology sector. Additionally, the country's strategic location has made it an attractive destination for international software providers looking to expand their operations in Central Asia.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises, except for the Enterprise Software segment, in which consumer (B2C) spending is not considered. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, level of digitization, GDP sector composition, and observed level of software piracy. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.