GCC Accounting Software Market Overview
As per recent research by MarkNtel Advisors, the GCC Accounting Software Market size is valued at around USD 121 million in 2024 is estimated to grow at a CAGR of around 8.9% during the forecast period, i.e., 2024-29.
GCC Accounting Software Market Dynamics
Market Drivers : Proliferation of Small & Medium-Sized Enterprises (SMEs) in the GCC Region Catalysing the Growth of the Market –
The number of SMEs in the region showcased tremendous proliferation due to the healthy entrepreneurial ecosystem and supportive government measures. The countries such as the UAE, Saudi Arabia, etc., provided assistance in the form of business counseling, financial support & advice, technical support & guidance, etc., which led to the development of new SMEs in the region. According to Monsha’at, General Authority for Small and Medium Enterprises, the number of SMEs in Saudi Arabia jumped by 9.3% in the third quarter of 2022, and reached approximately 1 million, up from 892,063 in the second quarter.
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GCC Accounting Software Market Segmentation Overview 2024-2029: Key Factors
By Deployment Type
-Cloud- Based- Market Size & Forecast 2019-2029F, USD Million
-On Premise- Market Size & Forecast 2019-2029F, USD Million
By Solution
-Software- Based- Market Size & Forecast 2019-2029F, USD Million
-Service- Market Size & Forecast 2019-2029F, USD Million
By Enterprise Size
-Large Enterprises- Market Size & Forecast 2019-2029F, USD Million
-Small & Medium Enterprises – Market Size & Forecast 2019-2029F, USD Million
By Type
-Spreadsheet- Market Size & Forecast 2019-2029F, USD Million
-ERP – Market Size & Forecast 2019-2029F, USD Million
-Custom Accounting Software- Market Size & Forecast 2019-2029F, USD Million
-Tax Management Software – Market Size & Forecast 2019-2029F, USD Million
By End User
-BFSI- Market Size & Forecast 2019-2029F, USD Million
-IT & Telecommunication- Market Size & Forecast 2019-2029F, USD Million
-Automotive- Market Size & Forecast 2019-2029F, USD Million
-Retail & Consumer Goods- Market Size & Forecast 2019-2029F, USD Million
-Oil & Gas- Market Size & Forecast 2019-2029F, USD Million
-Manufacturing- Market Size & Forecast 2019-2029F, USD Million
-Healthcare- Market Size & Forecast 2019-2029F, USD Million
-Government & Public Sector- Market Size & Forecast 2019-2029F, USD Million
-Construction & Real Estate- Market Size & Forecast 2019-2029F, USD Million
-Others
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GCC Accounting Software Market Geographical Insights:
By Country:
-The UAE
-Saudi Arabia
-Oman
-Kuwait
-Bahrain
-Qatar
Key Players and Competitive Strategies in the GCC Accounting Software Market
Several prominent players dominate the GCC Accounting Software Market, including:
- Oracle Corporation
- Infor Inc.
- SAP
- Thomson Reuters
- Sage Group Plc
- Zoho Books
- Zeta Software
- Microsoft Corporation
- Epicor
- Tally Solutions
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Questions Addressed in this Study
1.How big is the GCC Accounting Software Market Size?
2.What is the GCC Accounting Software Market Growth?
3.Who are the key players of the GCC Accounting Software Market?
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