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Middle East & Africa Enterprise Resource Planning (ERP) Software Market Size, Share & COVID-19 Impact Analysis, By Enterprise Type (Small & Medium Enterprises and Large Enterprises), By Deployment (Cloud, On-premise, and Hybrid), By Business Function (Financial Management, Human Capital Management, Supply Chain Management, Customer Management, Inventory & Work Order Management, and Others), By End-user (Manufacturing, BFSI, IT & Telecom, Retail & Consumer Goods, Healthcare & Life Sciences, Transportation & Logistics, Government, and Others), and Regional Forecasts, 2023-2030
Report Format: PDF | Latest Update: Jul, 2023 | Published Date: Apr, 2023 | Report ID: FBI107426 | Status : PublishedThe Middle East & Africa is the fourth largest region in the global Enterprise Resource Planning (ERP) software market. It is projected to grow at a CAGR of 8.3% during the forecast period. The global Enterprise Resource Planning software market is projected to grow from USD 44.47 billion in 2022 to USD 71.34 billion by 2030.
The increasing adoption of cloud-based services for better performance in the logistics sector offers various opportunities to the Middle East & African market. Food & beverage, E-commerce, and logistics are ideal industries for ERP deployment. Thus, many organizations implement these solutions to manage operations effectively. For instance, Almajdouie Logistics adopted Infor's ERP to expand its business. Therefore, such developments will fuel the software's adoption, boosting the Middle East & Africa Enterprise Resource Planning software market growth.
Our report on the Middle East & Africa ERP software market covers the following countries/regions - GCC, South Africa, and the Rest of Middle East & Africa.
LATEST TRENDS
Integration of Artificial Intelligence (AI) and Machine Learning (ML) with ERP Systems to Drive the Market Growth
AI and ML are increasingly being integrated into ERP systems, thereby offering regional organizations advanced analytics and predictive capabilities to help them make better business decisions. With the help of AI and ML, ERP systems can personalize the user experience based on individual preferences and behaviors. Integrating AI and ML with ERP systems can help businesses improve customer satisfaction and drive engagement. Hence, integrating AI and ML into ERP systems is becoming increasingly prevalent in the MEA region as businesses seek to increase efficiency, reduce costs, and improve customer satisfaction. Thus, the above mentioned factors are expected to propel the Middle East & Africa market share.
DRIVING FACTORS
Increasing Need for Automating Business Processes to Increase the Adoption of the Solution
Enterprise Resource Planning (ERP) software has become increasingly popular in the Middle East & Africa (MEA) as businesses look to optimize their operations and increase efficiency. With the growing complexity of business operations, organizations in MEA are increasingly seeking ways to automate their processes and reduce the manual effort required to manage their operations. ERP software provides a comprehensive solution for automating various business processes, from finance and accounting to inventory management and supply chain operations. Therefore, the need for automating business processes will fuel the Middle East & Africa ERP software market size.
RESTRAINING FACTORS
Localization Challenges to Hamper the Adoption of the Software
MEA countries have unique business processes, regulations, and taxation requirements, which may not be fully addressed by ERP solutions developed for other regions. This makes it challenging to localize these solutions to meet the specific needs of MEA businesses.
KEY INDUSTRY PLAYERS
In terms of the competitive landscape, this market depicts the presence of emerging and established companies in the Middle East & Africa. In addition, the aim towards higher investments in these solutions and government support has enabled the organizations to deliver enhanced ERP solutions.
LIST OF KEY COMPANIES PROFILED:
- Embrace (South Africa)
- Techcloudpro (South Africa)
- SAP SE (Germany)
- Katana (Estonia)
- Omniaccounts (South Africa)
- Odoo (Belgium)
- Acumatica, Inc. (U.S.)
- Oracle Corporation (U.S.)
- Sage Group plc (U.K.)
- Xledger Inc. (U.S.)
KEY INDUSTRY DEVELOPMENTS:
- In January 2023: Epicor, a provider of industry-based enterprise software, discussed crucial improvements in its Middle East growth strategy at the company's ReConnect Customer Day 2023, which included plans to introduce a new regional data center spurred by increased customer cloud adoption. These growth strategies are expected to boost the market growth in the MEA.
- In April 2020: Eltizam Asset Management Group, a provider of asset management companies in the UAE, declared the implementation of the enterprise resource planning system SAP S/4HANA. Moreover, the company focused on streamlining and transforming the company’s core back-end processes, such as human resources, finance, and procurement, on staying competitive with the changing digital economy.
REPORT COVERAGE
The research on the Middle East & Africa market includes key areas to understand the industry better. Additionally, the research provides insights into the most recent market trends and analyses of technologies implemented worldwide. Further, it highlights the growth restrictions and elements, allowing the reader to understand the market.
Report Scope & Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 8.3% from 2023 to 2030 |
Unit | Value (USD billion) |
Segmentation | By Enterprise Type, Deployment, Business Function, End-user, and Country/Sub-Region |
By Enterprise Type |
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By Deployment |
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By Business Function |
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By End-user |
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By Country/ Sub-Region |
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Frequently Asked Questions
At what CAGR is the Middle East & Africa Enterprise Resource Planning (ERP) Software market projected to grow in the forecast period (2023-2030)?
Growing at a CAGR of 8.3%, the market will exhibit steady growth in the forecast period (2023-2030).
What are the key factors driving the Middle East & Africa Enterprise Resource Planning (ERP) Software market?
Increasing need for automating business processes to increase the adoption of the solution
Who are the major players in this market?
Embrace, Techcloudpro, and Omniaccounts are the major market players in the Middle East and Africa.
Which country held the highest share of the market?
GCC dominated the market in 2022.
- Middle East
- 2022
- 2019-2021
- 90
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