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Enterprise Software - GCC

GCC
  • The GCC region is projected to experience significant growth in the Enterprise Software market, with revenue expected to reach US$1.86bn by 2025.
  • Customer Relationship Management Software is set to dominate the market, with a projected market volume of US$579.48m in the same year.
  • This indicates a strong demand for CRM software in the GCC region.
  • Furthermore, the market is anticipated to exhibit an annual growth rate of 5.77% from 2025 to 2029, resulting in a market volume of US$2.33bn by 2029.
  • This steady growth reflects the increasing adoption of enterprise software solutions in the GCC market.
  • When it comes to spending, the average Spend per Employee in the Enterprise Software market is projected to reach US$58.12 in 2025.
  • This indicates the level of investment that companies in the GCC region are willing to make in order to optimize their operations and enhance productivity.
  • In global comparison, United States is expected to generate the most revenue in the Enterprise Software market, with US$159.39bn projected for 2025.
  • This highlights the dominance of the US market in the global enterprise software industry.
  • However, the GCC region is poised to make substantial contributions to the overall market growth in the coming years.
  • In the GCC, the demand for enterprise software is steadily increasing as businesses seek to streamline operations and enhance productivity.

Revenue

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

NOTES: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

MOST_RECENT_UPDATE: Jul 2024

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

Key Players

MOST_RECENT_UPDATE: Feb 2025

SOURCE: Statista Market Insights

Analyst Opinion

The Enterprise Software market in GCC has been experiencing steady growth in recent years.

Customer preferences:
Customers in the GCC region are increasingly adopting enterprise software solutions to improve business operations and efficiency. The demand for cloud-based solutions is also on the rise due to their flexibility and cost-effectiveness. Additionally, customers are seeking software solutions that are tailored to their specific needs and can integrate with their existing systems.

Trends in the market:
One trend in the GCC Enterprise Software market is the increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies. These technologies are being used to automate business processes, improve decision-making, and enhance customer experience. Another trend is the growing popularity of Software-as-a-Service (SaaS) solutions, which offer customers a more cost-effective and flexible alternative to traditional on-premise software.

Local special circumstances:
The GCC region has a unique business landscape, with a high concentration of small and medium-sized enterprises (SMEs). These businesses often have limited budgets and resources, which has led to a greater demand for affordable and easy-to-use software solutions. Additionally, the region has a large expatriate population, which has created a need for software solutions that can support multiple languages and cultural preferences.

Underlying macroeconomic factors:
The GCC region has a strong and growing economy, driven by industries such as oil and gas, construction, and tourism. This has led to an increase in business activity and a greater demand for enterprise software solutions. Additionally, the region has a young and tech-savvy population, which has contributed to the growth of the technology sector. The GCC governments are also investing heavily in digital transformation initiatives, which has created a favorable environment for the development of enterprise software solutions.

Global Comparison

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCES: Statista Market Insights, Financial Statements of Key Players, National statistical offices

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.

Technology

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Key Market Indicators

NOTES: Based on data from IMF, World Bank, UN and Eurostat

MOST_RECENT_UPDATE: Jan 2025

SOURCE: Statista Market Insights

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These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.

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