Software as a Service - GCC

In the GCC region, revenue in the 0 market is projected to reach US$1.79bn in 2025.
The Software as a Service market sector is expected to dominate the market with a projected volume of 0 in the same year.
Revenue in the GCC is anticipated to demonstrate an annual growth rate (CAGR 2025-2029) of 19.90%, leading to a market volume of US$3.70bn by 2029.
In a global context, the highest revenue will be generated the United States, amounting to US$221.50bn in 2025.
The GCC region is increasingly adopting Software as a Service in the Public Cloud market, driven by a surge in digital transformation initiatives across various sectors.

Key regions: Japan, United Kingdom, United States, Italy, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The Software as a Service market in the Public Cloud Market in GCC nan is seeing mild growth, driven by factors like increasing use of digital technologies, growing awareness of health, and convenient online health services. This growth rate is influenced by various factors.

Customer preferences: The GCC region is witnessing a growing demand for Software as a Service (SaaS) solutions, driven by the need for cost-effective and efficient software solutions. This trend is further fueled by the increasing adoption of cloud-based technologies and the growing preference for subscription-based software models. Moreover, there is a rising demand for remote working and collaboration tools, as organizations in the region are embracing a more flexible and remote-friendly work culture. This has resulted in an increased demand for SaaS solutions in the GCC market.

Trends in the market: In recent years, the GCC region has seen a significant increase in the adoption of Software as a Service (SaaS) within the Public Cloud Market. This trend is driven by the growing demand for cost-effective and scalable solutions, as well as the increasing use of cloud-based technologies in various industries. Furthermore, with the rise of remote work and digitalization, SaaS is becoming a crucial tool for businesses to streamline their operations and improve productivity. This trend is expected to continue in the coming years, with more companies in the GCC region embracing SaaS as a key component of their digital transformation strategies. This will also lead to a rise in the demand for cloud-based services, creating opportunities for industry stakeholders such as cloud service providers and software vendors in the region.

Local special circumstances: In the GCC region, the Software as a Service Market within the Public Cloud Market is influenced by the increasing government initiatives towards digital transformation and adoption of cloud-based solutions. The market is also driven by the region's strong focus on data privacy and security, leading to the implementation of strict regulations and compliance measures. Additionally, the region's high internet penetration and tech-savvy population contribute to the rapid growth of the SaaS market in the public cloud.

Underlying macroeconomic factors: The Software as a Service Market within the Public Cloud Market in GCC is heavily impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. As the region continues to experience economic growth and stability, with countries such as the UAE, Qatar, and Saudi Arabia leading the way, there is a growing demand for cloud-based solutions such as SaaS. Furthermore, the increasing adoption of digital technologies and initiatives by GCC governments is creating a conducive environment for the growth of the SaaS market. Additionally, the region's young and tech-savvy population is driving the demand for SaaS solutions, especially in the areas of e-commerce, education, and healthcare.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money 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 and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, 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.