Other Enterprise Software - Saudi Arabia

The Other Enterprise Software market in Saudi Arabia is forecasted to achieve a revenue of US$55.81m in 2024.
This projection indicates an expected annual growth rate (CAGR 2024-2029) of -13.23%, which would result in a market volume of US$27.45m by 2029.
Looking at the average Spend per Employee in the Other Enterprise Software market, it is anticipated to reach US$3.37 in 2024.
In terms of global comparison, United States is expected to generate the highest revenue, with US$32.46bn in 2024.
Saudi Arabia is experiencing a surge in demand for Other Enterprise Software solutions, driven by the country's rapid digital transformation and increasing adoption of advanced technologies.

Definition:

The Other Enterprise Software market covers aggregated revenues for the types of enterprise software that are not specifically mentioned in the other subsegments Enterprise software segment. These include, for example, Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Products in the Other Enterprise 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.

Additional Information:

The Other Enterprise Software market comprises revenue and revenue growth as the key performance indicators. Only the 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 the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include SAP, Oracle, Atlassian, and ServiceNow.

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Content applications, such as Adobe Experience Manager, Semrush, and HubSpot
Performance management applications, such as PerformYard, Workday, and Monday
Workforce management software, such as ADP Workforce Now, BambooHR, and Zoho People

Enterprise resource planning software, such as Odoo, SAP Business One, NetSuite, and Microsoft Dynamics 365
Customer relationship management software, such as Salesforce Sales Cloud, Monday sales CRM, and HubSpot CRM
Business intelligence software, such as Toast, Heap, and insightsoftware
Supply chain management software, such as Anvyl, Tada, and Magaya Supply Chain
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The Other Enterprise Software market in Saudi Arabia has been experiencing steady growth in recent years.

Customer preferences: Saudi Arabian businesses have shown a growing preference for Other Enterprise Software solutions due to their ability to streamline business operations, increase efficiency, and reduce costs. This has led to a rise in demand for these software solutions across various industries, including healthcare, finance, and manufacturing.

Trends in the market: One significant trend in the Other Enterprise Software market in Saudi Arabia is the increasing adoption of cloud-based solutions. This trend is driven by the need for more flexible and scalable software solutions that can be accessed from anywhere, at any time. Additionally, businesses are increasingly relying on data analytics to gain insights into their operations and make informed decisions. This has led to a rise in demand for software solutions that incorporate data analytics capabilities.Another trend in the market is the growing importance of cybersecurity. With the rise of digitalization, businesses are becoming more vulnerable to cyber threats. As a result, there is an increasing demand for software solutions that can provide robust cybersecurity measures to protect sensitive business information.

Local special circumstances: Saudi Arabia has been undergoing significant economic reforms in recent years, aimed at reducing the country's reliance on oil revenues and diversifying the economy. As part of these reforms, the government has been investing heavily in digital infrastructure and promoting the adoption of new technologies. This has created a favorable environment for the growth of the Other Enterprise Software market in the country.

Underlying macroeconomic factors: Saudi Arabia's growing population and expanding economy are driving demand for more efficient business operations. Additionally, the government's focus on diversifying the economy and promoting the adoption of new technologies is creating a favorable environment for the growth of the Other Enterprise Software market. Overall, the market is expected to continue growing in the coming years, driven by increasing demand for cloud-based solutions, data analytics capabilities, and cybersecurity measures.

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.

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