The expanding adoption of cloud-based ERP solutions across organizations is expected to augment the growth of the UAE enterprise resource planning market in the forecast period, 2023-2027.
According to TechSci Research report, “UAE Enterprise resource planning market By Region, Competition Forecast & Opportunities, 2027”, the UAE enterprise resource planning market is expected to witness steady growth in 2023-2027. The enterprise resource planning platform represents a standard process and data model that helps in integrating different administrative and operational business processes into a unified system. It aids in managing core end-to-end real-time business functions, including finance, supply chain operations, accounting, procurement, order management, and risk management and compliance. As a result, it enhances efficiency, minimizes risks, increases collaboration, and improves supply chain management. At present, various companies are providing cloud-based ERP solutions as they aid organizations in reducing both operational and capital expenses. The inflating need for improved operational efficiency coupled with transparency within every department of an organization is one of the factors augmenting the growth of the market. The escalating demand for cloud-based deployment models bolsters the ERP software market growth. The ability to access the central system from any demographic owing to the integrated system architecture of the ERP system module is urging organizations to adopt ERP systems. ERP is useful in improving productivity by allowing organizations to get a potential return on investment by lowering their expenses, and it also enables organizations to integrate huge amounts of data and reconcile the shipments of companies faster. This, in turn, is projected to catalyze market growth in the upcoming years.
However, the escalating integration problems with the on-premises deployment model and lack of skilled professionals may impede the growth of the market across the UAE.
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The UAE enterprise resource planning market is segmented into component, deployment type, function, end user, enterprise, regional distribution, and competitive landscape.
Based on component, the market is divided into software and services. The software segment is expected to account for the largest share in the market during the forecast period, 2023.2027. It enhances operational efficiency, reduces manufacturing costs, and central data collecting for wide distribution is expected to boost demand for the product among major organizations.
Based on deployment type, the market is bifurcated into on-premises and cloud. The cloud segment holds the greatest share in the market in the forecast years, 2023-2027. Cloud solutions allow businesses to store data over the internet and offer tools that can restore data in case of any data breaches.
Based on function, the market is divided into finance, human resource, customer management, inventory management, supply chain, and others. The finance segment holds a considerable share in the market in the forecast years 2023-2027. Financial services organizations rely on novel scalable systems to guarantee compliance with government data and operations support the segment growth.
Based on end user, the market is segmented into manufacturing, BFSI, healthcare, retail, government & utilities, it & telecom, and others. The healthcare segment holds a significant share in the market in the forecast years 2023-2027. The efficient management of patient records across hospitals plays a crucial role as a growth-inducing factor for the market.
Based on the enterprise, the market is divided into medium, small, and large. The large enterprise segment holds the largest share in the market in the forecast years, 2023-2027. This is due to the extensive investments by the large enterprises in the ERP and cloud-based solutions, which drives the segmental growth.
Leading market players operating in the UAE enterprise resource planning market are:
- IBM Middle East FZ. LLC
- SAP Middle East & North Africa (L.L.C)
- Oracle Corporation
- Sage Software Middle East fz-llc
- Microsoft Gulf FZ LLC
- Infor
- Epicor Software Middle East Ltd
- D2M Solutions Ltd (ESI Services)
- Workday, Inc.
- Syspro Software Company
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“The expanding digitization of business processes primarily drives the demand for ERP solutions to automate tasks and streamline information in several domains. In addition to this, ERP integrates financial processes, synchronizes human resource management, provides managers with powerful analytics from numerous construction processes, supports the services, and assists in managing the full lifecycle of a project effectively. ERP solution finds a wide range of applicability in the healthcare industry. It reduces clinical errors, aids provide better patient care, and monitors clinical and administrative costs, supporting the market growth. The coronavirus disease (COVID-19) outbreak and frequent lockdowns imposed by government authorities of several countries escalated the adoption of remote working models and e-commerce channels. These accelerated the demand for cloud-based ERP solutions to remotely manage complex systems, enhance security, meet compliance standards, and access data in real-time. The growing applications of enterprise resource planning solutions are expected to propel the market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm”.
“UAE enterprise resource planning (ERP) Market By Component (Software and Services), By Deployment Type (On-Premises and Cloud), By Function (Finance, Human Resource, Customer Management, Inventory Management, Supply Chain, Others), By End User (Manufacturing, BFSI, Healthcare, Retail, Government & Utilities, It & Telecom, Others), By Enterprise (Medium, Large and Small), By Region, Competition Forecast & Opportunities, 2027 has analyzed the future growth potential of UAE enterprise resource planning market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and assist decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with significant drivers, challenges, and opportunities in UAE enterprise resource planning market.
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