Middle East & Africa Cloud ERP Market Forecast to 2030
Middle East & Africa Cloud ERP Market Forecast to 2030 – Regional Analysis – by Business Function (Finance and Accounting, Sales and Marketing, Inventory and Order Management, Human Capital Management, and Others), Organization Size (Large Enterprises and SMEs), and Vertical (Manufacturing, IT and Telecom, BFSI, Healthcare, Retail, Government, Aerospace and Defense, and Others)
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Description
Technological Advancements Fuel Middle East & Africa Cloud ERP Market
The reach of ERP solutions has expanded from traditional solutions to support most business functions and manufacturing to front-office functions such as marketing automation, sales force automation (SFA), and e-commerce. ERP systems with integrated artificial intelligence and machine learning capabilities assist in fulfilling the growing need for personalization and enhance a variety of business operations in the background. In the past, businesses could add AI functionality to select ERP systems, but manufacturers are now offering ERP software products that are already embedded with AI features. Organizations rely on AI to deliver insightful business decisions based on the vast amounts of operational and customer data they collect. AI technologies can scan large volumes of unstructured data, swiftly recognizing patterns and forecasting different trends that are impossible to detect with processing numerical data alone. AI helps to improve and automate a whole range of processes. For instance, a just-in-time inventory strategy is implemented with the intent to deliver components to minimize inventory carrying costs. AI, in the form of ML, can optimize labor schedules and supply delivery to increase productivity and lower costs. IFS’s Global Enterprise Software Solution Provider study found that 40% of manufacturers planned to implement AI for inventory logistics and planning, and 36% intended to use it for customer relationship management and production scheduling. Therefore, technological advancements are likely to bring new trends into the cloud ERP market in the coming years.
Middle East & Africa Cloud ERP Market Overview
The Middle East & Africa cloud ERP market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Numerous large-scale enterprises heavily adopted ERP software to gain a constant approach to integrated business operations in the Middle East & Africa across any location. The growing need to enhance employee demand and efficiency for better business management has increased the adoption of ERP software among large companies, improving financial management and connectivity with stakeholders.
Numerous large-scale enterprises heavily adopted ERP software to gain a constant approach to integrated business operations in the Middle East & Africa (MEA) across any location. The growing need to enhance employee demand and efficiency for better business management has increased the adoption of ERP software among large companies, improving financial management and connectivity with stakeholders. Various companies are taking initiatives, such as partnerships and product launches, to increase market growth. For instance, in February 2023, XY Retail announced a partnership with ALGOCAS. The strategic partnership allowed XY Retail to capitalize on growth opportunities in MENA, particularly in Egypt and the Gulf region. The company optimizes cloud deployments designed around the customer, delivering digital strategy and expert guidance for the best business practices while managing the cloud environment as the business grows, allowing for maximum performance. Also, in September 2022, Microsoft partnered with G42, a technology holding company owned by a top security official in the UAE, to build out that company’s sovereign cloud capabilities and jump-start its AI capabilities. Therefore, with the increasing number of such partnerships, the deployment of cloud-based ERP software is increasing in the MEA.
Middle East & Africa Cloud ERP Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Cloud ERP Market Segmentation
The Middle East & Africa cloud ERP market is segmented into business function, organization size, vertical, and country.
Based on business function, the Middle East & Africa cloud ERP market is segmented into finance and accounting, sales and marketing, inventory and order management, human capital management, and others. The finance and accounting segment held the largest share of the Middle East & Africa cloud ERP market in 2022.
In terms of organization size, the Middle East & Africa cloud ERP market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger share of the Middle East & Africa cloud ERP market in 2022.
By vertical, the Middle East & Africa cloud ERP market is segmented into manufacturing, IT and telecom, BFSI, healthcare, retail, government, aerospace and defense, and others. The manufacturing segment held the largest share of the Middle East & Africa cloud ERP market in 2022.
Based on country, the Middle East & Africa cloud ERP market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa cloud ERP market in 2022.
Epicor Software Corp, Infor Inc, Microsoft Corp, Oracle Corp, Sage Group Plc, SAP SE, SYSPRO Proprietary Ltd, Unit4 Group Holding BV, and Workday Inc are some of the leading companies operating in the Middle East & Africa cloud ERP market.
Summary Info
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According to the Research Team’ research, the Middle East & Africa cloud ERP market was valued at US$ 2,102.57 million in 2022 and is expected to reach US$ 7,507.12 million by 2030, registering a CAGR of 17.2% from 2022 to 2030. Rising adoption of cloud ERP solutions across various verticals and increasing organizational needs to improve staff productivity and efficiency are among the critical factors attributed to the Middle East & Africa cloud ERP market expansion.
Businesses are continuously seeking ways to boost their output and effectiveness in the current fast-paced, intensely competitive commercial landscape. Cloud-based enterprise resource planning (ERP) systems have garnered significant attention as they assist in business growth, collaborations, and effective operations. Cloud ERP offers a variety of benefits over traditional on-premise systems. Cloud-based systems are accessible from anywhere with an Internet connection. This means that employees can retrieve critical business collaboration data and perform tasks remotely. For example, sales representatives can access real-time inventory data while on the go, which allows them to execute timely customer interactions. Cloud ERP provides real-time data updates and analytics, which can be utilized to make informed decisions. For example, using data obtained from cloud ERP systems, managers can monitor inventory levels and demand in real time, allowing for proactive restocking and optimized production schedules. Cloud ERP includes collaboration tools, which improve teamwork and coordination. For example, a cloud ERP system facilitates project management and collaboration among remote teams, streamlining project workflows and reducing errors. Further, cloud ERP can reduce operational costs by automating processes and reducing the need for on-premise infrastructure. According to the study of Nucleus Research, the return on investment (ROI) generated by cloud ERP is 3.2 times higher than the ROI conferred by on-premises ERP. Cloud ERP systems can be easily scaled up or down according to business needs. This flexibility is essential for organizations that experience fluctuations in demand. For example, upon implementation of a cloud ERP system, an e-commerce company can handle increased order volumes during the holiday season without investing in new infrastructure. Thus, an increasing organizational requirement to improve staff productivity and efficiency bolsters the demand for cloud ERP systems.
On the contrary, availability of limited customized options for SaaS ERP solutions hampers the growth of Middle East & Africa cloud ERP market.
Based on business function, the Middle East & Africa cloud ERP market is segmented into finance and accounting, sales and marketing, inventory and order management, human capital management, and others. The finance and accounting segment held 36.5% share of Middle East & Africa cloud ERP market in 2022, amassing US$ 767.51 million. It is projected to garner US$ 2,966.22 million by 2030 to expand at 18.4% CAGR during 2022-2030.
In terms of organization size, the Middle East & Africa cloud ERP market is bifurcated into large enterprises and SMEs. The large enterprises segment held 66.1% share of Middle East & Africa cloud ERP market in 2022, amassing US$ 1,390.29 million. It is projected to garner US$ 4,806.03 million by 2030 to expand at 16.8% CAGR during 2022-2030.
By vertical, the Middle East & Africa cloud ERP market is segmented into manufacturing, IT and telecom, BFSI, healthcare, retail, government, aerospace and defense, and others. The manufacturing segment held 22.7% share of Middle East & Africa cloud ERP market in 2022, amassing US$ 477.52 million. It is projected to garner US$ 1,753.95 million by 2030 to expand at 17.7% CAGR during 2022-2030.
Based on country, the Middle East & Africa cloud ERP market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 38.6% share of Middle East & Africa cloud ERP market in 2022. It was assessed at US$ 812.01 million in 2022 and is likely to hit US$ 2,934.22 million by 2030, exhibiting a CAGR of 17.4% during 2022-2030.
Key players operating in the Middle East & Africa cloud ERP market are Epicor Software Corp, Infor Inc, Microsoft Corp, Oracle Corp, Sage Group Plc, SAP SE, SYSPRO Proprietary Ltd, Unit4 Group Holding BV, and Workday Inc, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa Cloud ERP Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Cloud ERP Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. Middle East & Africa Cloud ERP Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Increasing Organizational Needs to Improve Staff Productivity and Efficiency
5.1.2 Rising Adoption of Cloud ERP Solutions Across Various Verticals
5.2 Restraints
5.2.1 Availability of Limited Customized Options for SaaS ERP Solutions
5.2.2 Possibility of Security Breach Issues
5.3 Opportunity
5.3.1 Increasing Government Initiatives for Digitalization of SMEs
5.3.2 Use of Mobile and Cloud Applications
5.4 Trends
5.4.1 Technological Advancements
5.4.2 Growing Implementation of Two-Tier ERP Systems
5.5 Impact of Drivers and Restraints:
6. Cloud ERP Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Cloud ERP Market Revenue (US$ Million), 2022 – 2030
6.2 Middle East & Africa Cloud ERP Market Forecast and Analysis
7. Middle East & Africa Cloud ERP Market Analysis – Business Function
7.1 Finance and Accounting
7.1.1 Overview
7.1.2 Finance and Accounting Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Sales and Marketing
7.2.1 Overview
7.2.2 Sales and Marketing Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Inventory and Order Management
7.3.1 Overview
7.3.2 Inventory and Order Management Market Revenue and Forecasts to 2030 (US$ Million)
7.4 Human Capital Management
7.4.1 Overview
7.4.2 Human Capital Management Market Revenue and Forecasts to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
8. Middle East & Africa Cloud ERP Market Analysis – Organization Size
8.1 Large Enterprises
8.1.1 Overview
8.1.2 Large Enterprises Market Revenue and Forecasts to 2030 (US$ Million)
8.2 SMEs
8.2.1 Overview
8.2.2 SMEs Market Revenue and Forecasts to 2030 (US$ Million)
9. Middle East & Africa Cloud ERP Market Analysis – Vertical
9.1 Manufacturing
9.1.1 Overview
9.1.2 Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
9.2 IT and Telecom
9.2.1 Overview
9.2.2 IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI Market Revenue and Forecasts to 2030 (US$ Million)
9.4 Healthcare
9.4.1 Overview
9.4.2 Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Retail
9.5.1 Overview
9.5.2 Retail Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Government
9.6.1 Overview
9.6.2 Government Market Revenue and Forecasts to 2030 (US$ Million)
9.7 Aerospace and Defense
9.7.1 Overview
9.7.2 Aerospace and Defense Market Revenue and Forecasts to 2030 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. Middle East & Africa Cloud ERP Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Middle East & Africa Cloud ERP Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 South Africa: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.1.1 South Africa: Middle East & Africa Cloud ERP Market Breakdown by Business Function
10.1.1.1.2 South Africa: Middle East & Africa Cloud ERP Market Breakdown by Organization Size
10.1.1.1.3 South Africa: Middle East & Africa Cloud ERP Market Breakdown by Vertical
10.1.1.2 Saudi Arabia: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Saudi Arabia: Middle East & Africa Cloud ERP Market Breakdown by Business Function
10.1.1.2.2 Saudi Arabia: Middle East & Africa Cloud ERP Market Breakdown by Organization Size
10.1.1.2.3 Saudi Arabia: Middle East & Africa Cloud ERP Market Breakdown by Vertical
10.1.1.3 UAE: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 UAE: Middle East & Africa Cloud ERP Market Breakdown by Business Function
10.1.1.3.2 UAE: Middle East & Africa Cloud ERP Market Breakdown by Organization Size
10.1.1.3.3 UAE: Middle East & Africa Cloud ERP Market Breakdown by Vertical
10.1.1.4 Rest of Middle East & Africa: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 Rest of Middle East & Africa: Middle East & Africa Cloud ERP Market Breakdown by Business Function
10.1.1.4.2 Rest of Middle East & Africa: Middle East & Africa Cloud ERP Market Breakdown by Organization Size
10.1.1.4.3 Rest of Middle East & Africa: Middle East & Africa Cloud ERP Market Breakdown by Vertical
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. COMPANY PROFILES
12.1 Infor Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Microsoft Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Oracle Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sage Group Plc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SAP SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Workday Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SYSPRO Proprietary Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Epicor Software Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Unit4 Group Holding BV
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 2. Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million) – Business Function
Table 4. Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million) – Organization Size
Table 5. Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million) – Vertical
Table 6. Middle East and Africa Middle East & Africa Cloud ERP Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. South Africa: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Business Function
Table 8. South Africa: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Organization Size
Table 9. South Africa: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Vertical
Table 10. Saudi Arabia: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Business Function
Table 11. Saudi Arabia: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Organization Size
Table 12. Saudi Arabia: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Vertical
Table 13. UAE: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Business Function
Table 14. UAE: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Organization Size
Table 15. UAE: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Vertical
Table 16. Rest of Middle East & Africa: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Business Function
Table 17. Rest of Middle East & Africa: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Organization Size
Table 18. Rest of Middle East & Africa: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) – By Vertical
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 2. Ecosystem: Middle East & Africa Cloud ERP Market
Figure 3. Middle East & Africa Cloud ERP Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Cloud ERP Market Revenue (US$ Million), 2022 & 2030
Figure 6. Middle East & Africa Cloud ERP Market Share (%) – Business Function, 2022 and 2030
Figure 7. Finance and Accounting Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Sales and Marketing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Inventory and Order Management Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Human Capital Management Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Middle East & Africa Cloud ERP Market Share (%) – Organization Size, 2022 and 2030
Figure 13. Large Enterprises Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. SMEs Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Middle East & Africa Cloud ERP Market Share (%) – Vertical, 2022 and 2030
Figure 16. Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. BFSI Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Retail Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Government Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Aerospace and Defense Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Middle East & Africa Cloud ERP Market, By Key Country – Revenue (2022) (US$ Million)
Figure 25. Middle East & Africa Cloud ERP Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. South Africa: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Saudi Arabia: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 28. UAE: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 29. Rest of Middle East & Africa: Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
1. Epicor Software Corp
2. Infor Inc
3. Microsoft Corp
4. Oracle Corp
5. Sage Group Plc
6. SAP SE
7. SYSPRO Proprietary Ltd
8. Unit4 Group Holding BV
9. Workday Inc
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