Middle East & Africa Software As A Service (saas) Market Size & Outlook
Middle East & Africa software as a service (saas) market, 2018-2030 (US$M)
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MEA software as a service (saas) market highlights
- The MEA software as a service (saas) market generated a revenue of USD 15.6 million in 2023.
- The market is expected to grow at a CAGR of 15.1% 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.
MEA data book summary
| Market revenue in 2023 | USD 15.6 million |
| Market revenue in 2030 | USD 41.8 million |
| Growth rate | 15.1% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 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 | Intel Corp, Broadcom Inc, Trend Micro Inc, Cisco Systems Inc, Zscaler Inc, Lookout, Radware Ltd, Adobe Inc, Microsoft Corp, Alibaba Group Holding Ltd ADR, International Business Machines Corp, Salesforce Inc, Oracle Corp, SAP SE, Rackspace Technology Inc Ordinary Shares, VMware, Atlassian Corp A, ServiceNow Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.7% of the global software as a service (saas) 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 200.7 million by 2030.
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Software As A Service (SaaS) Market Scope
Software As A Service (SaaS) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa software as a service (saas) 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 software as a service (saas) market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 86.54% in 2023. Horizon Databook has segmented the Middle East & Africa software as a service (saas) market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa region will grow rapidly as there are plentiful investment opportunities for players in the region for cloud computing. The investments in cloud computing constitute opportunities for ICT development in MEA.
There is a growing digital outsourcing market in MEA which will provide prospects for players to offer large-scale cloud services, including SaaS. Alibaba, Amazon Web Services (AWS), and Microsoft are among the major players in the cloud computing market that have shown interest in the cloud service market in the MEA region.
For instance, China’s largest e-commerce provider Alibaba has extended its cloud offerings in the MEA region to offer cloud-based integration services to government bodies and enterprises in North Africa and the Middle East.
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Target buyers of Middle East & Africa software as a service (saas) market databook
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Our clientele includes a mix of software as a service (saas) 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa software as a service (saas) market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Software As A Service (SaaS) Market Outlook Share, 2023 & 2030 (US$M)
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