Saudi Arabia Enterprise Resource Planning (ERP) Market Overview, 2029

Saudi Arabia Enterprise Resource Planning (ERP) Market Overview, 2029

In the Enterprise Resource Planning (ERP) landscape, Saudi Arabia stands out as having a larger and more developed market than its neighbours. The strength of the Enterprise Resource Planning (ERP) market reflects the country's substantial investment in digital infrastructure and technology adoption. Despite Saudi Arabia's dominance, regional players in the United Arab Emirates (UAE) have progressively increased their efforts to gain market share. This battle represents a dynamic shift in the regional ERP ecosystem, with UAE-based companies using technological developments and strategic positioning to challenge Saudi Arabia's market supremacy. As competition heats up, it promotes innovation and drives advancements in ERP solutions throughout the area, benefiting firms looking for modern corporate management capabilities. Trade exhibitions and events like GITEX provide vital forums for ERP suppliers and enterprises to connect, promoting knowledge sharing, networking, and the discovery of cutting-edge solutions. These events not only allow vendors to demonstrate their products, but they also help businesses stay up to date on the newest trends and breakthroughs in ERP technology, allowing for more informed decision-making.

According to the research report “Saudi Arabia Enterprise Resource Planning (ERP) Market Research Report, 2029,"" published by Actual Market Research, the Saudi Arabia Enterprise Resource Planning (ERP) market is forecasted to reach market size of more than USD 450 Million by 2029. ERP suppliers are adapting their solutions to fit the varying needs of various sectors. In manufacturing, for example, ERP systems are changing to embrace Industry 4.0 principles, incorporating technologies such as IoT, AI, and advanced analytics to optimise production processes and increase productivity. Similarly, in the construction industry, ERP solutions are being tailored to assist megaprojects, addressing the special issues that come with large-scale construction projects. Localization is another important trend affecting the ERP environment, particularly in places such as the Middle East where compliance with local rules and accounting procedures is critical. Businesses in these countries are increasingly looking for ERP systems that support the Arabic language and comply with local rules and accounting standards. This localization guarantees that ERP solutions meet the specific demands and expectations of enterprises operating in various areas, resulting in a smoother implementation and integration. Pricing segmentation in the ERP industry is determined by features, deployment model (cloud vs. on-premise), and organisation size. Prices range greatly, from $10,000 for basic solutions geared to smaller businesses to more than $100,000 for comprehensive, enterprise-grade systems with advanced functionality and extended support.

ERP solutions encompass comprehensive software systems designed to integrate and streamline various business processes within organisations. These systems typically include modules for finance & accounting, sales & marketing, operations, and other functions. The finance & accounting module aids in recording, monitoring, and analysing financial transactions, ensuring compliance and providing visibility into financial performance. Sales & marketing modules optimise sales pipelines, track leads, automate campaigns, and analyse customer data. Operations modules manage production planning, inventory, procurement, supply chain, manufacturing, and quality control. These solutions can be deployed on-premise, where the software and infrastructure are maintained locally, or in the cloud, hosted on remote servers. End-users across industries like manufacturing, IT & telecom, transportation & logistics, retail & consumer goods, BFSI, healthcare & life sciences, and others benefit from ERP systems tailored to their specific needs, facilitating efficient operations and improved business outcomes.

However, in addition to the potential provided by cloud-based ERP solutions, there are substantial difficulties and regulatory considerations to address. Data security concerns are significant, with strong data privacy requirements mandating sophisticated security features in ERP systems to protect sensitive information. Additionally, the lack of IT experience provides an obstacle for certain organisations, as obtaining trained individuals to build and run complicated ERP systems can be tough. Furthermore, integrating new ERP systems with existing legacy infrastructure can be a difficult and costly process that demands meticulous design and execution to assure seamless compatibility and operation. The Enterprise Resource Planning (ERP) market landscape is characterised by a combination of incumbent and rising competitors. The market is dominated by industry giants but it is also seeing the growth of regional competitors such as Saudi Software, which are carving out a position in the sector. Furthermore, the introduction of cloud-based solutions from niche players is upending established market dynamics, particularly among cost-conscious firms seeking flexible and scalable alternatives.

In accordance with Vision 2030 initiatives, the government's investments in sectors such as technology and infrastructure have created a fertile environment for Enterprise Resource Planning (ERP) implementation. This strategic focus on modernization and innovation pushes organisations to use ERP systems to increase efficiency and competitiveness. Furthermore, the rising Small and Medium-sized Enterprises (SME) sector is realising the value of ERP in streamlining operations. As these firms look to scale and optimise their operations, they regard ERP as a critical tool for achieving operational excellence. The COVID-19 epidemic has changed ERP adoption, hastening the shift to cloud-based systems as firms adjust to remote work settings. The quick move to remote operations highlighted the significance of flexible and accessible ERP systems capable of efficiently supporting scattered workforces. As a result, businesses across Saudi Arabia are rapidly turning to cloud-based ERP solutions, which allow for seamless collaboration and data access from anywhere and at any time. Furthermore, pandemic-induced economic constraints have increased firms' attention on operational efficiency and cost reduction.
Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Enterprise Resource Planning (ERP) market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Offerings
• Solutions
• Services

By Business Function
• Finance & Accounting
• Sales & Marketing
• Operations
• Others

By Development
• Cloud
• On-premise

By End User
• Manufacturing
• IT & Telecom
• Transportation & Logistics
• Retail & Consumer Goods
• BFSI
• Healthcare & Life Sciences
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Enterprise Resource Planning (ERP) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Enterprise Resource Planning (ERP) market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Offerings
• Solutions
• Services

By Business Function
• Finance & Accounting
• Sales & Marketing
• Operations
• Others

By Development
• Cloud
• On-premise

By End User
• Manufacturing
• IT & Telecom
• Transportation & Logistics
• Retail & Consumer Goods
• BFSI
• Healthcare & Life Sciences
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Enterprise Resource Planning (ERP) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.