Saudi Arabia Software as a Service (SaaS) Market 2018-2024: Market is Projected to Grow at a CAGR of 16.8% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 7, 2018--The “Saudi Arabia Software as a Service (SaaS) Market (2018-2024): Market Forecast by Deployment, by End Users, by Applications, by Regions, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
Saudi Arabia Software as a Service Market is projected to grow at a CAGR of 16.8% during 2018-24
The government of Saudi Arabia is focusing heavily on the strengthening of the non-oil sector in the country. As a result, the social infrastructure development in the country is expected to witness significant growth in the coming years. Further, under the Saudi Vision 2030 initiative, special emphasis is also being put on the strengthening of the IT infrastructure in the country.
Additionally, with global technological giants, such as Amazon and Google, looking to set up their data centers and expand their footprint in the Middle East in the future, the use of SaaS solutions is predicted to become more widespread in the country in the coming years.
The commercial enterprises and industrial & manufacturing end user segments held the largest collective revenue shares in the overall software as a service market in Saudi Arabia in 2017. Government efforts to strengthen the non-oil economy of the country would witness several sectors flourish in the coming years, including hospitality, healthcare, manufacturing and banking, thus creating more avenues for the application of SaaS solutions during the forecast period.
By Deployment:Private Cloud Public Cloud Hybrid Cloud
By End Users:Commercial Enterprises BFSI (Banking, Financial Services and Insurance) Hospitality and Healthcare Industrial and Manufacturing Government and Transportation IT & Telecommunications Others (Power Utilities, Water Treatment Plants)
By Applications:Customer Relationship Management Human Capital Management Enterprise Resource Planning Operations and Manufacturing Content Management System Supply Chain Management Others (Security Management, Transaction Processing)
Companies MentionedAmazon Web Services, Inc. Cisco Systems, Inc. Infor Inc. International Business Machines Corporation Microsoft Corporation Oracle Corporation Salesforce.Com Inc SAP SE SolutionDots Systems Ltd. VMware, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/4gw9zz/saudi_arabia?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005487/en/
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Related Topics:Software,Cloud Computing and Storage
KEYWORD: SAUDI ARABIA MIDDLE EAST
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/07/2018 07:56 AM/DISC: 11/07/2018 09:33 AM