MEA Enterprise Software Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

In 2021, the MEA enterprise software market revenue will be US$ 7,727.9 Million USD. The MEA Enterprise Software Market is anticipated to reach US$ 13,791.4 Million by 2032, expanding at a 5.5% CAGR from 2022 to 2032.

Enterprise software refers to a wide range of applications used by enterprises, universities, institutions, government agencies, and other organisations to carry out various business activities, simplify jobs, and increase overall corporate productivity.

The key driver for the business software market is the expansion in digitalization across numerous industries globally and in MEA, as well as the benefits such as dealing with enormous amounts of data, accuracy, speed, resourcefulness, and simplification that it delivers. In 2021, the MEA enterprise software market accounted for 3.1% of the worldwide enterprise software market.

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In comparison to the 2022-2032 forecast, the 2017-2021 MEA Enterprise Software Market Demand

The MEA enterprise software market is expected to develop at a 5.5% CAGR between 2022 and 2032, whereas the market grew at a 3.1% CAGR between 2017 and 2021.

The expansion of travel and tourism in this region is helpful in the expansion of enterprise software deployment in this region.

MEA has seen a surge in visitors, notably from neighbouring nations. Tourism could account for the Global Expo, which took place in Dubai, UAE between 2021 and 2022, and the Qatar FIFA World Cup, which is planned to commence on November 20th, 2022.

This raises the need for businesses to deploy online booking systems, project management platforms, and various online marketing solutions in order to improve business growth, complete massive tasks, and manage large projects.

Analysis by Country

For the year 2021, the GCC had the greatest market share of 43.4% in the MEA enterprise software industry, while Turkey is expected to be the fastest growing country in this area, with a CAGR of 6.9%.

Cloud technologies, big data analytics, business analytics, and AI, ML, and IoT are among the technologies being used and implemented by organisations in this region. Initiatives to establish smart cities in this region, such as Saudi Arabia’s Neom smart city, are underway.

In GCC countries, trade, transportation, travel, and tourism are important drivers of enterprise software growth.

Because of the oil riches in the Gulf region, the GCC countries were able to develop their early fortune. However, a substantial portion of their income is now earned by the trading and cargo services that they provide to a variety of other countries and businesses throughout the world, as well as travel and tourism and building.

For this reason, these industries require online payment systems, supply chain management software, booking software, and ERP software. The GCC countries are among the most developed in the region, with major IT and telecom companies operating in the region. As a result, the GCC countries had the biggest market share of 43.4% in 2021.

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The presence of multinational corporations in South Africa and numerous industries is a driving force for enterprise software.

As a result, this country has access to a wide range of business software. Companies with large market capitalizations in this country come from a variety of industries.

Manufacturing, mining, and energy and utilities are major industries in South Africa. This contributes to the growth of supply chain management software in South Africa, allowing the country to achieve a CAGR of 6.3%.

Competitive Landscape

MEA enterprise software market consists of various different types of software and solutions which assist businesses carry out their functions. For this reason, enterprise software is developed by software companies, but depending upon the company and industry, the software can be developed by the company independently as well.

In October 2021, DP World launched CARGOES logistics which allow instant online cargo booking, tracking of the cargo and selecting the mode of transport. For the first phase, the booking of cargo will be allowed from UAE to India and from India to several other destinations.
In January 2021, PCMS, an established retail company extended a partnership with Redpanda software by adding sales and implementation to the already existing partnership between the two companies. Redpanda has worked on the software development of their product in the past and can redefine it for new and existing clients.

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MEA Enterprise Software Market by Category

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