Revenue in the software market in Guatemala 2028

The revenue in the software market in Guatemala was forecast to continuously increase between 2024 and 2028 by in total 87.1 million U.S. dollars (+33.93 percent). After the twelfth consecutive increasing year, the indicator is estimated to reach 343.73 million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the software market was continuously increasing over the past years.

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Revenue in the software market in Guatemala from 2016 to 2028 (in million U.S. dollars)

Characteristic	In million U.S. dollars
2028	343.73
2027	322.04
2026	300.06
2025	278.77
2024	256.67
2023	234.1
2022	216.98
2021	204.39
2020	191.57
2019	181.39
2018	167.45
2017	159.8
2016	142.37

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Release date

December 2023

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Region

Guatemala

Survey time period

2016 to 2028

Supplementary notes

Data provided by Statista Market Insights are estimates.

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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