GCC Accounting Software Market Share, Size and Future Projections 2024-29

Overview of the GCC Accounting Software Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “GCC Accounting Software Market By Deployment Type (Cloud- Based, On Premise), By Solution (Software- Based, Service), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By Type (Spreadsheet, ERP, Custom Accounting Software, Tax Management Software), By End User (BFSI, IT & Telecommunication, Automotive, Retail & Consumer Goods, Oil & Gas, Manufacturing, Healthcare, Government & Public Sector, Construction & Real Estate, Others), 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. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

GCC Accounting Software Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-29

Historical Data: 2019-22

CAGR (2024-2029): 8.9%

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GCC Accounting Software Market Trend:

Robotic Process Automation (RPA) in Accounting Waving New Trends – The GCC accounting software market is experiencing a significant surge in the integration of Robotic Process Automation (RPA), a cutting-edge technology that employs software robots or "bots" to automate repetitive and rule-based tasks in accounting processes. This trend has been driven by the increasing demand for efficiency and accuracy in financial operations. Account management outsourcing companies, including HLB HAMT and others across the region, have been actively embracing RPA and incorporating it into their service portfolio.

Moreover, companies like EBS Business Solutions that offer Robotic Process Automation (RPA) have witnessed a notable increase in the use cases of RPA in various accounting functions such as inter-company accounting, account reconciliations, cost and inventory accounting, and general ledger functions in recent years.

A Comprehensive Analysis of Leading Companies of GCC Accounting Software Market by MarkNtel Advisors:

• Oracle Corporation

• Infor Inc.

• SAP

• Thomson Reuters

• Sage Group Plc

• Zoho Books

• Zeta Software

• Microsoft Corporation

• Epicor

• Tally Solutions

Key GCC Accounting Software Market Segmentation:

-By Type

• Spreadsheet

• ERP

• Custom Accounting Software

• Tax Management Software

Of them all, the ERP segment has registered the highest demand due to its comprehensive features and appeal to medium to large-sized enterprises.

-By End User

• BFSI

• IT & Telecommunication

• Automotive

• Retail & Consumer Goods

• Oil & Gas

• Manufacturing

• Healthcare

• Government & Public Sector

• Construction & Real Estate

Among them, the government & public sector which includes various government agencies, public institutions, and government-owned entities held a noteworthy share of the market.

Explore Our Comprehensive Study:  https://www.marknteladvisors.com/research-library/gcc-accounting-software-market.html

-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

Geographical Analysis

-By Country

• The UAE

• Saudi Arabia

• Oman

• Kuwait

• Bahrain

• Qatar

Saudi Arabia has registered substantial growth due to the country's economic diversification efforts aimed at reducing dependency on oil revenues and promoting non-oil sectors.

Key Reports Highlights:

• Market Dimensions & Projections

• Pricing Evaluation,

• Recent Strategic Moves by Companies,

• Primary Stakeholders,

• Analysis of Import and Export Trends,

• Competitive Landscape Assessment,

• Emerging Opportunities,

• Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

• Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.

• Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.

• Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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