UAE enterprise resource planning (ERP) market to be dominated by cloud-based solutions till 2027
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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