Market Insights Technology Software Enterprise Software

Other Enterprise Software - Western Asia

Western Asia

The projected revenue for the Other Enterprise Software market in Western Asia is estimated to reach US$1.61bn by 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 3.26%, resulting in a market volume of US$1.89bn by 2029.
The average Spend per Employee in this market segment is projected to reach US$19.34 by 2024.
In comparison to other countries, United States is anticipated to generate the highest revenue with US$32,460.00m in 2024.
The adoption of Other Enterprise Software solutions in Western Asia is rapidly increasing, driven by the region's growing tech-savvy workforce.

Key regions: South Korea, China, Canada, United States, United Kingdom

Market

Region

Region comparison

Currency

Analyst Opinion

The Other Enterprise Software market in Western Asia is a growing industry that has been experiencing significant developments in recent years.

Customer preferences: The customers in Western Asia are increasingly adopting cloud-based enterprise software solutions due to their cost-effectiveness and flexibility. The demand for software solutions that can be accessed from anywhere and on any device is also on the rise. Moreover, customers are looking for software solutions that can be easily integrated with their existing systems to streamline their operations.

Trends in the market: In the United Arab Emirates (UAE), the Other Enterprise Software market is being driven by the government's initiatives to promote digital transformation. The UAE government has launched several initiatives such as the Dubai Paperless Strategy and the Abu Dhabi Digital Authority, which are aimed at promoting the adoption of digital technologies in the country. This has led to an increase in demand for enterprise software solutions that can help organizations automate their processes and improve their efficiency.In Saudi Arabia, the Other Enterprise Software market is being driven by the growth of the e-commerce industry. The increasing number of online transactions has created a demand for software solutions that can manage inventory, logistics, and payments. Additionally, the Saudi Arabian government's Vision 2030 plan, which aims to diversify the economy and reduce its dependence on oil, has led to an increase in demand for software solutions that can support the growth of non-oil sectors such as tourism and entertainment.

Local special circumstances: In Iran, the Other Enterprise Software market is developing despite the economic sanctions imposed by the United States. The Iranian government has been promoting the development of the country's technology sector as a way to reduce its dependence on oil. This has led to an increase in demand for enterprise software solutions that can support the growth of the technology sector.In Israel, the Other Enterprise Software market is being driven by the country's thriving startup ecosystem. Israel has one of the highest numbers of startups per capita in the world, and many of these startups are focused on developing enterprise software solutions. The country's strong technology infrastructure and highly skilled workforce have also contributed to the growth of the Other Enterprise Software market.

Underlying macroeconomic factors: The Other Enterprise Software market in Western Asia is being driven by several macroeconomic factors such as the region's growing population, increasing urbanization, and the need for digital transformation. The region's governments are also investing heavily in infrastructure development, which is creating opportunities for enterprise software solutions in areas such as transportation, logistics, and construction. Additionally, the region's strategic location between Europe and Asia has made it an attractive destination for businesses looking to expand their operations.

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.