Middle East & Africa Enterprise Resource Planning (Erp) Market: Forecast Analysis 2024-2032

Middle East & Africa Enterprise Resource Planning (Erp) Market: Forecast Analysis 2024-2032

According to the report by Triton Market Research, the Middle East and Africa enterprise resource planning (ERP) market is expected to witness progress at a CAGR of 8.87% over the years 2024-2032.

Economic diversification efforts and the increasing adoption of digital transformation strategies drive the region’s enterprise resource planning market’s growth. According to the OECD, the Middle East and North Africa (MENA) region benefits from a young and educated population and is actively implementing reforms to build more resilient and inclusive economies. This is particularly evident in sectors like manufacturing, renewable energies, and tourism, which are crucial for ERP market expansion. In Africa, cities are driving economic growth with higher socio-economic outcomes, which creates a favorable environment for ERP solutions as businesses seek to optimize operations and enhance productivity.

The countries evaluated in this region consist of UAE, Saudi Arabia, South Africa, Turkey, and Rest of Middle East & Africa.

South Africa is a leader in the regional market, reaching around $300.03 million in 2023

According to Statistics South Africa, the ICT sector has seen significant growth, contributing around 3.1% to the GDP in 2021. This growth has driven demand for ERP software as businesses seek to optimize their operations through integrated solutions.

The government has launched various initiatives aimed at digital transformation, which includes the adoption of ERP systems. The Department of Higher Education and Training reported a strategic focus on developing digital skills across the workforce, which is essential for implementing and managing ERP systems.

Further, the Department of Energy’s 2022 South African Energy Sector Report highlighted efforts to modernize the energy sector, which involved significant technology upgrades, including ERP systems.

Market Forecast for UAE

The enterprise resource planning market in the United Arab Emirates (UAE) is experiencing robust growth due to rapid economic diversification and digital transformation initiatives. The government has been instrumental in this expansion through strategic programs such as Smart Dubai and We the UAE 2031, which aim to enhance technological infrastructure and digital governance. These initiatives have significantly increased the adoption of enterprise resource planning solutions, particularly cloud-based solutions, due to their cost efficiency and flexibility.

The market is branched into deployment, vertical, application, and vertical. In terms of deployment, it includes cloud, hybrid, and on-premise.

The on-premise segment leads in deployment mode, primarily due to its high adoption by large enterprises and superior security benefits over cloud options. On-premise ERP deployment is preferred when company-owned servers and software are critical to operations, supporting both on-site and remote employees. These systems offer greater ease of customization, which is crucial for organizations with specific needs, particularly in niche industries like specialized manufacturing, where unique processes are prevalent.

The major companies thriving in the market comprise IFS AB, Infor Inc, Microsoft Corporation, Oracle Corporation, and QAD Inc.

Microsoft Corporation is engaged in the development, licensing, and support of various software products and services. Its offerings include operating systems, productivity applications for multiple devices, server and business solution applications, management tools for desktops and servers, ERP software, etc. Additionally, Microsoft provides training and certification for system integrators and developers. The company’s products are marketed and sold through a network of original equipment manufacturers (OEMs), distributors, resellers, online platforms, Microsoft retail stores, and other partners. Operating globally, Microsoft serves regions, including the Middle East and Africa.

Latest from the Company:

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