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The software services market in the United Arab Emirates (UAE) is thriving, with a current size estimated at $5.49 billion in 2022 and a projected growth rate of 0.83% to reach $278.10 million by 2028. This growth is driven by factors like government initiatives, rising digital transformation, and increasing demand for cloud-based solutions.
The UAE government plays a crucial role in shaping the software services market. Through various procurement programs, it actively invests in innovative technologies to enhance efficiency and improve public services. In 2022 alone, the eServices market generated a revenue of $266.90 million, reflecting the government's significant commitment to digitalization.
The government primarily procures software services in areas like:
Enterprise Resource Planning (ERP): Streamlining business operations and managing resources effectively.
Customer Relationship Management (CRM): Enhancing customer engagement and optimizing sales processes.
Cybersecurity: Protecting critical infrastructure and sensitive data from cyber threats.
Cloud Computing: Providing on-demand access to computing resources and applications.
Artificial Intelligence (AI) and Machine Learning (ML): Transforming decision-making and automating tasks.
Several authorities oversee software services procurement in the UAE, including:
Smart Dubai: Responsible for driving Dubai's smart city transformation strategy.
Abu Dhabi Digital Authority: Leading digital transformation initiatives in Abu Dhabi.
UAE Government Information Network (UAeGIN): Facilitating collaboration and information sharing across government entities.
Some of the leading companies winning significant software services contracts in the UAE include:
Microsoft: A global leader in software solutions, including cloud computing, productivity tools, and cybersecurity.
Oracle: Providing enterprise software solutions for ERP, CRM, and data management.
SAP: Offering enterprise software solutions for ERP, CRM, and supply chain management.
IBM: A leading provider of IT solutions and services, including cloud computing, AI, and blockchain.
Emirates NBD: A leading financial institution in the UAE, leveraging technology to enhance customer experience and operational efficiency.
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