Business & Finance

Middle East Software as a service Market: Future Forecast Indicates Impressive Growth Rate

Press Release

GMI Research has published a new study titled “Middle East Software as a service market: By product type (Packaged SaaS, Collaborative SaaS and Technical SaaS), By Application (Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Human Resource Management (HRM), Supply Chain Management (SCM), and others.), By Business Verticals (BFSI, Oil & Gas, Telecom & IT, Consumer Goods & Retail, Healthcare, Education, Manufacturing and Others) By Region (Middle East) Opportunities and Forecast, 2018-2025”, which orates the future prospects set to strike the Middle East Software as a service Market during the forecast period.

Software as a service (SaaS) is a software licensing and delivery model in which the software is granted license on the basis of subscription taken and is accommodated centrally. Software-as-a-service (SaaS) is a form of cloud computing in which a third-party vendor manages applications and makes them available to customers over the internet.

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The technological advancements adopted in this cloud technology has made way for software as a service across different organizational verticals. SaaS enables it’s clients to access software and data through an internet browser. The comfort offered by the technology is one of the key factors responsible for driving the growth of the global market. The other driving factors for SaaS market are that it removes the need for organization to install and run the applications in their data centres, this eliminates the cost of acquiring hardware, provisioning it and maintaining it, as well as licensing of software, it’s installation and required support. One of the restraining factors in the Software-as-a-Service (SaaS) market is, that it is much more cautiously approached as Middle Eastern companies have a sense of fear that they have no control over the applications, rather they prefer to have on-premises They also have strong interests in private clouds and virtualization.”

The key players in software as a service market are Microsoft Corporation, Symantec Corporation, Fujitsu Ltd., Inc., IBM Corporation, Google Inc., HP, Oracle Corporation, SAP SE, and Salesforce.

Middle East Software as a Service Market has been segmented on the basis of product type, application, business verticals and region. Based on product type it is categorized as three packaged, collaborative and technical, based on application type the data comprises of ERP, CRM, HRM, SCM, and others, on the basis of business verticals this market has been segmented as BFSI, oil & gas, telecom, IT, Consumer Goods & Retail, Healthcare, Education, Manufacturing and Others etc. The region in focus is Middle-East. The report highlights the main market drivers fuelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Middle East Software as a service market. The competitive landscape section of the report captures and highlights the recent developments within the market.

Key questions answered in this research report:
1- At what pace is Middle East Software as a service market growing? What will be growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Middle East Software as a service market?
4- What are the various application areas and how they are poised to grow?

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Market Segmentation

By Product

• Packaged SaaS
• Collaborative SaaS
• Technical SaaS

By Application

• Enterprise Resource Planning (ERP)
• Customer Relationship Management (CRM)
• Human Resource Management (HRM)
• Supply Chain Management (SCM)
• Others.

By Business Verticals

• Oil & Gas
• Telecom & IT
• Consumer Goods & Retail
• Healthcare
• Education
• Manufacturing
• Others

Key market players here are
• Symantec Corporation
• Google Inc.
• Fujitsu Ltd.
• Inc.
• IBM Corporation
• HP
• Oracle Corporation
• Microsoft Corporation
• Salesforce.

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About GMI Research

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

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