Exploring the GCC Accounting Software Market: Insights, Key Drivers, and Major Players

Introduction to the GCC Accounting Software Market

Accounting software refers to software that manages the financial transactions of an organization, which includes fixed asset management, accounts payable, accounts receivable, expense management, revenue management, sub-ledger accounting, reporting and analytics. A comprehensive accounting system effectively monitors an organization's assets, liabilities, revenues, and expenses.

GCC Accounting Software Key market insights include:

Market Size and Growth: 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.

Country : The UAE, Saudi Arabia, Oman, Kuwait, Bahrain, Qatar

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What is driving the growth of the  GCC Accounting Software Market market?

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.

Market Segmentation

The GCC Accounting Software Market can be segmented based on several criteria, including:

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

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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

Key Players in the GCC Accounting Software Market

The GCC Accounting Software Market is highly competitive, with several key players dominating the landscape. These companies are investing heavily in research and development to stay ahead of the competition and meet the evolving needs of their customers. Some of the prominent players in the GCC Accounting Software Market include:

• 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.What factors are driving the GCC Accounting Software Market growth?

2.How is the GCC Accounting Software Market expected to grow over the next five years?

3.What are the key insights into the current trends in the GCC Accounting Software Market?

4.What is the current size of the GCC Accounting Software Market, and how is it projected to change in the future?

6.What is the future outlook for the GCC Accounting Software Market in terms of technological advancements and market expansion?

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