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Saudi Arabia Software as a Service Market Size, Share & Industry Report, 2020-2027 – X herald

Saudi Arabia Software as a Service Market:

Growth Opportunities in the Saudi Arabia Software as a Service Market look promising over the next six years. This is mainly due to the growing focus of the Saudi Arabian government towards strengthening the non-oil industry, growing focus on the IT infrastructure, and the rapid social infrastructural development.

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Saudi Arabia Software as a Service Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The growing focus of the Saudi Arabian government towards strengthening the non-oil industry and the rapid social infrastructural development in the nation are the key drivers contributing to the growth of the Saudi Arabia software as a service market. Saudi Arabia declared its Cloud-First Policy in 2019 to promote the public industry to drastically shifting from traditional IT solutions to cloud-based solutions for enhanced security, agility, innovation, and reliability. These initiatives will attract investments into the Software as a Service market, thus enhancing the demand of the market in Saudi Arabia. Furthermore, the government has introduced various digital initiatives, such as the Saudi Arabia Vision 2030, which emphasizes strengthening the country’s IT infrastructure. The growing focus on the IT infrastructure will encourage the adoption of SaaS applications, thus boosting the growth of the Saudi Arabia software as a service market during the forecast period.

SaaS provides exceptional advantages, including decreasing software and hardware license costs, reducing the time spent in installation and configuration, followed by enhanced compatibility, scalability, and accessibility. Numerous multinational organizations like Amazon Web Service and Google are planning to set-up their data centers in the Middle East region to increase their global footprints, which in turn, will open doors for the growth of the market. However, the increasing data security concerns and complexity with regulations compliance are the factors that hinder the growth of the Saudi Arabia Software as a Service market in the coming years.  

Deployment Type Segment Drivers

Based on the deployment type, the public cloud is anticipated to grow at a higher CAGR in the coming years due to the increasing expenditure by the government and telecom operators on infrastructure improvement. Public cloud provides various advantages like low maintenance, cost-effectiveness, quick to integrate and set-up, and improves security. It also offers high flexibility without redundancy, followed by negligible downtime and reduce risk.

To Know More About Saudi Arabia as a Service Market

Saudi Arabia Software as a Service Market’s leading Manufacturers:

  • IBM Corporation
  • Microsoft Corporation
  • SAP SE
  • Oracle Corporation
  • Cisco Systems, Inc.
  • Amazon Web Services, Inc.
  • Infor, Inc.
  • com, Inc.
  • VMware, Inc.
  • SolutionDot

Saudi Arabia Software as a Service Market Segmentation:

Segmentation by End-User:

  • Manufacturing
  • Healthcare
  • IT & Telecom
  • Retail
  • Education
  • Government
  • BFSI
  • Oil & Gas

Segmentation by Application:

  • Customer Relationship Management (CRM)
  • Human Resource Management (HRM)
  • Financial Management
  • Sales Management
  • Enterprise Resource Planning (ERP)
  • Supply Chain Management

Segmentation by Deployment Type:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Segmentation by Organisation Size:

  • Small and Medium Size Enterprises
  • Large Enterprises

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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