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Administrative Software - Thailand

Thailand

Thailand is expected to see a significant increase in revenue within the Administrative Software market.
According to projections, the revenue is estimated to reach €22.88m in the year 2024.
The market is also anticipated to display a compound annual growth rate (CAGR 2024-2029) of 4.26%, leading to a market volume of €28.19m by 2029.
When compared to other countries worldwide, United States is predicted to generate the highest revenue, reaching €6,901.00m in 2024.
Thailand is experiencing a surge in demand for cloud-based administrative software solutions to streamline business operations.

Key regions: France, South Korea, Germany, United Kingdom, Netherlands

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Comparaison de régions

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Analyst Opinion

The Administrative Software market in Thailand has been experiencing steady growth in recent years.

Customer preferences: Thai businesses are increasingly opting for administrative software to streamline their operations and improve efficiency. This trend is particularly evident in small and medium-sized enterprises (SMEs), which form a significant portion of the Thai business landscape. These businesses are increasingly turning to administrative software to automate tasks such as accounting, payroll, and inventory management.

Trends in the market: One of the key trends in the Thai Administrative Software market is the growing adoption of cloud-based solutions. This trend is driven by the increasing availability of high-speed internet and the growing need for remote access to business data. Cloud-based solutions also offer greater scalability and flexibility, making them an attractive option for businesses of all sizes. Another trend in the market is the increasing focus on mobile applications. Many administrative software providers are developing mobile apps to enable users to access key features and data on the go.

Local special circumstances: One of the unique factors influencing the Administrative Software market in Thailand is the country's regulatory environment. Thai businesses are subject to a range of regulations and compliance requirements, particularly in industries such as finance and healthcare. As a result, many administrative software providers are developing solutions tailored to these industries, with features designed to ensure compliance with local regulations.

Underlying macroeconomic factors: The growth of the Administrative Software market in Thailand is underpinned by a number of macroeconomic factors. These include the country's rapidly expanding digital infrastructure, which is enabling businesses to adopt new technologies and solutions. Additionally, the government's push for digital transformation and the adoption of Industry 4.0 technologies is driving demand for administrative software. Finally, the increasing importance of e-commerce and online business is creating a need for streamlined administrative processes, further fueling 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.