Report Description

The Saudi Arabia Construction Accounting Software Market is anticipated to register a high CAGR during the forecast period of 2024-2028. Construction accounting software is a sort of software that is particularly developed to assist construction enterprises in managing their financial transactions and operations. These programs often contain project management, job costing, and invoicing capabilities, as well as interface with other accounting and financial applications. The construction accounting software market is expanding, as more construction companies turn to these specialist software solutions to help them manage their financial operations more efficiently and effectively. The Construction Accounting Software market is being majorly pushed by the convergence of technologies, cloud computing, and digital transformation. The introduction of Construction Accounting Software technology promises to enhance efficiency, personalise property management, and minimise the costs and resources involved in real estate transactions, all of which will help the Saudi Arabia Construction Accounting Software market.

The expanding construction industry is expected to increase demand for construction accounting software.

In Saudi Arabia, the number of single-family dwellings and privately owned housing under development has expanded dramatically during the last ten years. As of 2022, there were several active mega-construction projects in Saudi Arabia, indicating a thriving construction industry in the country.

The construction and real estate sectors in Saudi Arabia are fragmented, with many enterprises depending on unofficial ties. Start-ups have the opportunity to automate this sector. One of these is to provide short-term subscriptions as a starting point rather than an entire purchase. Another example is offering trials and pilots to illustrate how a product or service works. Owing to this rapid growth, the Saudi Arabia Construction Accounting Software Market is in great demand.

Saudi Arabia Construction Accounting Software Market Challenges

Construction is an important industry that is rapidly expanding in Saudi Arabia. The Saudi government is substantially investing in commercial infrastructure development, such as airports, hotels, hospitals, universities, and office complexes. Construction organizations use construction accounting software to emphasise on new technology as the number of infrastructure projects grows. The expanding construction sector and increased ERP module adoption in the industry are two significant drivers driving the growth of the Saudi construction accounting software market.

The availability of free construction accounting software for some applications, on the other hand, may limit the growth of the Saudi Construction Accounting Software market.

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Market Segments

Saudi Arabia Construction Accounting Software Market is divided on the basis of component, applications and deployment. On the basis on component, the market is further divided into solutions and services. On the basis of applications, the market divided into small and mid-size construction companies and large construction companies. On the basis of deployment, the market is further bifurcated into On-Premises and Cloud.

Market Players

Major market players of Saudi Arabia Construction Accounting Software Market are OdooTec KSA, Oracle ERP, SAP, Alameensoft, In4velocity, Sage Group plc, SolutionDot, Quickbook and Focus Softnet and Infor LN (formerly Baan). To achieve good market growth, businesses that are active in the market employ organic tactics such as product launches, mergers, and partnerships.

Recent Developments

Yardi launched REACH by RentCafe, a complete digital marketing firm for multifamily property management, in August 2021. REACH creates websites for businesses and properties, as well as unique design elements including logos and e-mail templates.

In March 2021, RealPage Inc. launched On-Call Live Tours as part of its new peak performance (P2) virtual leasing package. Users may engage with high-quality three-dimensional (3D) floor plans, drone video, site maps, and photos by taking a customized online tour.


Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Component

Applications

Deployment

Regional scope

Western Region, Northern & Central Region Eastern Region, Southern Region

Key companies profiled

 OdooTec KSA, In4velocity, Oracle ERP, SAP, SolutionDot Alameensoft, Focus Softnet, Quickbook, Sage Group plc and Infor LN (formerly Baan)

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Saudi Arabia Construction Accounting Software Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

     ·   Saudi Arabia Construction Accounting Software Market, By Component:

o   Solution

o   Services

  • Saudi Arabia Construction Accounting Software Market, By Applications:

o   Small and Mid-Size Construction Companies

o   Large Construction Companies

  • Saudi Arabia Construction Accounting Software Market, By Deployment:

o   On-Premises

o   Cloud

             ·    Saudi Arabia Construction Accounting Software Market, By Region:

o   Western Region

o   Northern & Central Region

o   Eastern Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Construction Accounting Software Market

Available Customizations:

Saudi Arabia Construction Accounting Software Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Construction Accounting Software Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Construction Accounting Software Market

4.    Executive Summary

5.    Voice of Customers

5.1.        Awareness of Construction Accounting Software Service

5.2.        Major Applications of Construction Accounting Software Service

5.3.        Key Benefits of Construction Accounting Software Service

5.4.        Key Vendor Selection Parameter

5.5.        Major Challenges in Construction Accounting Software Service Adoption

5.6.        Key Vendor Challenges

6.    Saudi Arabia Construction Accounting Software Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component (Solution, Services,)

6.2.2.    By Applications (Small and Mid-Size Construction Companies, Large Construction Companies)

6.2.3.    By Deployment (On-Premises, Cloud)

6.2.4.    By Region (Western Region, Northern & Central Region, Eastern Region, Southern Region)

6.2.5.    By Company (2022)

6.3.  Market Map

7.    Saudi Arabia Western Region Construction Accounting Software Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Applications

7.2.2.    By Deployment

7.2.3.    By Component

8.    Saudi Arabia Northern & Central Region Construction Accounting Software Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Applications

8.2.2.    By Deployment

8.2.3.    By Component

9.    Saudi Arabia Southern Region Construction Accounting Software Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Applications

9.2.2.    By Deployment

9.2.3.    By Component

10. Saudi Arabia Eastern Region Construction Accounting Software Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Applications

10.2.2. By Deployment

10.2.3. By Component

11. Market Dynamics

11.1.     Drivers

11.1.1. AI and Big Data will drive the Construction Accounting Software market in the next years.

11.1.2. New upcoming large construction projects.

11.2.     Challenges

11.2.1. The merchandise's lack of acceptance

11.2.2. Data security and privacy issues.

12. Market Trends & Developments

12.1.        The Number of Small and Medium-Sized Businesses is growing.

12.2.        With favorable government rules, the industry has room for expansion.

12.3.        Penetration of cloud services will help construction accounting software market to grow more.

12.4.        Using edge computing services more frequently.

13. Porter’s Five Forces

14. Policy & Regulatory Landscape

15. Saudi Arabia Economic Profile

16. Company Profiles

16.1.            ODOOTEC KSA

16.1.1. Business Overview

16.1.2. Key Revenue and Financials (If available)

16.1.3. Recent Developments

16.1.4. Key Personnel

16.1.5. Key Product/Services

16.2.           Oracle ERP

16.2.1.  Business Overview

16.2.2.  Key Revenue and Financials (If available)

16.2.3.  Recent Developments

16.2.4.  Key Personnel

16.2.5.  Key Product/Services

16.3.           SAP

16.3.1. Business Overview

16.3.2. Key Revenue and Financials (If available)

16.3.3. Recent Developments

16.3.4. Key Personnel

16.3.5. Key Product/Services

16.4.           Alameensoft

16.4.1. Business Overview

16.4.2. Key Revenue and Financials (If available)

16.4.3. Recent Developments

16.4.4. Key Personnel

16.4.5. Key Product/Services

16.5.           Focus Softnet

16.5.1. Business Overview

16.5.2. Key Revenue and Financials (If available)

16.5.3. Recent Developments

16.5.4. Key Personnel

16.5.5. Key Product/Services

16.6.           Quickbook

16.6.1. Business Overview

16.6.2. Key Revenue and Financials (If available)

16.6.3. Recent Developments

16.6.4. Key Personnel

16.6.5. Key Product/Services

16.7.           In4velocity

16.7.1. Business Overview

16.7.2. Key Revenue and Financials (If available)

16.7.3. Recent Developments

16.7.4. Key Personnel

16.7.5. Key Product/Services

16.8.           Sage Group plc

16.8.1. Business Overview

16.8.2. Key Revenue and Financials (If available)

16.8.3. Recent Developments

16.8.4. Key Personnel

16.8.5. Key Product/Services

16.9.           Infor LN (formerly Baan)

16.9.1. Business Overview

16.9.2. Key Revenue and Financials (If available)

16.9.3. Recent Developments

16.9.4. Key Personnel

16.9.5. Key Product/Services

17. Strategic Recommendations

1.1.  Construction Accounting Software market will benefit from technologically enhanced planning procedures.

1.2.  Market Dominance by Region

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Main market players in Saudi Arabia Construction Accoounting Software market are OdooTec KSA, Oracle ERP, SAP, Alameensoft, Infor LN (formerly Baan), Sage Group plc, Solution Dot, Focus Softnet, Quickbook, and In4velocity.

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The major factors of the Saudi Arabia Construction Accounting Software Market are AI (Artificial Intelligence) and Big Data and upcoming construction projects.

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The western region is expected to be the fastest growing region in Saudi Arabia Construction Accounting Software Market during the forecast period.

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Construction accounting software meets all a construction company's general accounting needs. It is software designed to meet the demands of a general contractor. Construction accounting software for construction businesses assists in providing comprehensive accounting support.

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Sakshi Bajaal

Business Consultant
Press Release

Saudi Arabia Construction Accounting Software Market to be Dominated by Western Region

Feb, 2023

The rising demand for building in the small and mid-size construction companies’ sector is expected to drive the Saudi Arabia Construction Accounting Software market during the forecast period of 202