Middle East & Africa Engineering Software Market Size & Outlook
Middle East & Africa engineering software market, 2017-2030 (US$M)
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MEA engineering software market highlights
- The MEA engineering software market generated a revenue of USD 2,500.4 million in 2023.
- The market is expected to grow at a CAGR of 17.8% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2,500.4 million |
| Market revenue in 2030 | USD 7,874.3 million |
| Growth rate | 17.8% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Altair Engineering Inc Class A, Ansys Inc, Autodesk Inc, Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, Keysight Technologies Inc, Siemens AG, 3D Systems Corp, PTC, Hexagon AB ADR, ZWSOFT, Mastercam |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.7% of the global engineering software market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 33,659.3 million by 2030.
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Engineering Software Market Scope
Engineering Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa engineering software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to engineering software market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 72.33% in 2023. Horizon Databook has segmented the Middle East & Africa engineering software market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of Middle East & Africa engineering software market databook
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Our clientele includes a mix of engineering software market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa engineering software market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa engineering software market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA engineering software market size, by country, 2017-2030 (US$M)
Middle East & Africa Engineering Software Market Outlook Share, 2023 & 2030 (US$M)
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