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FINANCIAL NEWS
Saudi Arabia is the largest market in MENA for enterprise software
02 Feb 2015
(MENAFN) The top three enterprise application software (EAS) vendors hold a dominating market share of 81.8 percent in the Arab Middle East and North Africa (MENA) region, according to the latest insight from International Data Corporation (IDC), Saudi Gazette reported.
The research firm said in its “Arab Middle East and North Africa Enterprise Application Software Market 2014-2018 Forecast and 2013 Vendor Shares” study that the large organizations continue to account for business (SMBs) rising significantly but remaining relatively small.
All MENA markets grew in 2013, with the exception of Egypt, where spending on EAS solutions contracted sharply when compared to 2012. Combined, the OGCC states of Bahrain, Kuwait, Oman, and Qatar were the region’s fastest growing market, followed by UAE.
Saudi Arabia remained the largest market in the MENA region, though, the rate of growth was relatively slower, followed by the UAE in second place. The OGCC countries ranked third, while North Africa placed fourth and Egypt took fifth spot. The Levant grouping was the smallest EAS market in the MENA region in 2013.
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