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Key regions: United States, Canada, Germany, China, Japan
The United Arab Emirates (UAE) is a country that is known for its rapid economic growth and development. One of the sectors that have been growing in the country is the software market.
Customer preferences: The UAE has a diverse population, and the demand for software varies across different segments. However, there is a growing trend towards the adoption of cloud-based software solutions. This is due to the benefits that come with cloud computing, such as scalability, flexibility, and cost-effectiveness. Additionally, customers in the UAE are increasingly looking for software solutions that are easy to use and offer a seamless experience across different devices.
Trends in the market: One of the key trends in the software market in the UAE is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. This is driven by the need to automate processes and improve efficiency across different industries. Another trend is the growing demand for cybersecurity solutions, as businesses in the UAE become more aware of the risks posed by cyber threats. Additionally, there is a trend towards the development of software solutions that are tailored to the needs of specific industries, such as healthcare, education, and finance.
Local special circumstances: The UAE is a hub for innovation and entrepreneurship, with the government investing heavily in the development of technology and innovation. This has created a conducive environment for the growth of the software market, with many startups and established companies setting up shop in the country. Additionally, the UAE has a large expatriate population, which has contributed to the demand for software solutions that cater to the needs of different nationalities and cultures.
Underlying macroeconomic factors: The growth of the software market in the UAE is driven by several macroeconomic factors, including the country's favorable business environment, stable political climate, and strategic location. The UAE is also home to several free zones, which offer tax incentives and other benefits to businesses. Additionally, the country has a high level of internet penetration and a tech-savvy population, which has contributed to the growth of the software market. Finally, the UAE government has been investing heavily in digital transformation initiatives, which has created opportunities for software companies to develop innovative solutions that can help drive the country's economic growth.
Data coverage:
The data encompasses B2B, B2G, and B2C enterprises, except for the Enterprise Software segment, in which consumer (B2C) spending is not considered. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, level of digitization, GDP sector composition, and observed level of software piracy. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)