UAE enterprise resource
planning market is expected to register robust growth in the forecast period,
2023-2027. Enterprise resource planning solutions are widely utilized by
organizations to assist them in managing their business operations and processes
in a better way. At present times, an ERP solution’s business functions have
shifted from minor aid and planning operations to entire business process
integration, which involves crucial responsibilities and decision-making. An
ERP software comprises various software modules, and every module focuses on
certain business activities, including material purchasing, inventory control,
accounting, finance, and HR. Also, to fulfill the needs of the companies,
modules can be customized. The growing need for operational efficiency and
transparency in business processes and escalating demand for ERP software from
small & medium enterprises are expected to drive the market growth. In
addition to this, the surging adoption of cloud and mobile applications is expected
to influence the market growth across UAE positively. Growing application of
ERP solutions in small & medium enterprises and quick transformation of
modern business models are anticipated to offer lucrative opportunities for
expansion of the enterprise resource planning market in the coming years.
Elevating Need for Efficiency
and Transparency in Business Processes Accelerates the Market Growth
Conventionally, businesses
with the help of domestic ERP applications spend a lot of time and effort in
communicating business information and making decisions. Several organizations
aiming to become successful are continuously looking out for systems that
assist them in serving their clients and raising their profit margin.
Currently, ERP systems have become strategic platforms that offer a solid
foundation and information backbone for businesses, which, in turn, drives the
market's growth. A fully integrated ERP solution aids in capturing and creating
accurate, consistent, and timely relevant data and helps make better business
decisions. ERP systems provide personalized services and ensure customers are
satisfied with the profitability of an organization unless the operating
efficiency of a company is exceptional. To enhance efficiency and ensure better
information integration, organizations are now looking at ERP systems that fuel
the adoption of ERP solutions. Also, the enterprise resource planning system
scales and deals with the global competition while introducing efficiency and
transparency in operations which is expected to gain prominence in the market
in the forecast period.
Growing Adoption of Cloud and
Mobile Applications Catalyzes the Market Growth
Cloud computing stands for an
emerging technology that enables enterprises to store and access data through
the internet. Some of the significant characteristics of cloud technology
attributing to its popularity include agility, scalability, reliability, and
flexibility. Software as a service (SaaS) or on-demand is one of the service
models of cloud computing, which is based on the pay-per-use fee model.
Cloud-based applications help minimize the cost of the IT infrastructure to a
certain extent which increases the utilization of cloud applications across
enterprises. Mobile applications have become an integral part of the working
culture, which propels enterprises to spend on cloud-connected mobile
applications to enable access to information anytime and anywhere. In addition
to this, cloud-connected mobile applications enable synchronization, updates,
and control of documents for an individual user, thereby supporting the market
growth across UAE. These further assist organizations in maintaining work-life
balance for their employee and enhancing the productivity of employees.