Latest Market Data Reveal Expansion of Middle East's License and Maintenance Market to $418.58 million in 2008
Cairo, Egypt - 27 January 2010
News Facts
- Oracle, the world's largest business software company, has been named as the leading vendor in IDC's latest report, Arab Middle East and North Africa Software Solutions 2009-2013 Forecast and 2008 Vendor Shares (IDC #ZR01R9, December 2009).
- According to IDC, Oracle retained its leading position in the MENA Enterprise Application Software (EAS) License and Maintenance (L&M) market with strong year-on-year growth in Saudi Arabia, Egypt and North Africa markets.
- With L&M revenues of $148.50 million across the region, Oracle's year-on-year EAS revenue was up by 11.7% in 2008.
- Oracle was ranked first in Egypt in 2008, with EAS revenues of $13.29 million and a 37.2% market share.
- In Gulf Cooperation Council states, including Bahrain, Oman, Qatar and Kuwait, Oracle remained leaders with a 45.5% market share and revenues of $34.79 million, according to the report.
- Furthermore, Oracle remained the largest EAS vendor in the UAE market in 2008, according to IDC, with a 45.9% market share and revenues of $55.21 million.
- Oracle came first in the Levant market, including Jordan, Syria and Lebanon, achieving $6 million and leading the market with 39.9% market share.
- With a 46.1% market share of the MENA Customer Relationship Management market, IDC ranked Oracle first with a 12.1% year-on-year increase in 2008 to reach revenues of $27.38 million.
- Furthermore, revenues relating to Oracle's Supply Chain Management Applications were up 11.5% year-on-year to reach $10.73 million, leaving Oracle with a 18.8% market share.
Vertical Breakdown
- The process manufacturing sector was ranked first in the MENA EAS market in 2008, accounting for 17.8% of the total EAS spend in the region
- The finance sector was ranked second on the MENA EAS market in 2008, with 15.1% of total EAS expenditure.
- As governments invested heavily in advanced EAS solutions in 2008, the public sector was ranked the third largest market for EAS spending in 2008, with a 14.9% share of the market.
- The retail industry was the fourth largest EAS spender in the region, with 10.2% share, followed by discrete manufacturing with 8.4% in 2008.
Supporting Quotes
- Dhiraj Daryani, Senior Research Analyst at IDC and co-author of the report, said: "EAS market in the MENA region witnessed good growth in 2008 due to increased spending on software solutions by organisations both in the public and private sectors. Oracle remained the largest EAS vendor in the region, with strong growth fueled by success in the Saudi Arabia, Egypt, and North Africa markets, while continuing its strong momentum in the GCC states.
- "Oracle continues to be the market leader in the MENA region. IDC's independent report clearly shows our position as leaders in the EAS market and in the region as a whole," said Husam Dajani, Senior Vice President, MEA, Oracle.
- "With our diversified portfolio of applications, we are unique in our ability to meet the requirements and needs of MENA businesses and their demanding IT environments. Oracle will continue to be the leader in supplying cutting-edge applications that will help organisations achieve their long term growth strategies." said Dana Murugan, Senior Marketing Director, MEA, Oracle.
Supporting Resources
- Report Abstract - Arab Middle East and North Africa (MENA) Enterprise Application Software 2009-2013 Forecast and 2008 Vendor Shares
- Oracle Applications
- Oracle Customer Relationship Management
- Oracle Supply Chain Management
- Oracle Middle East
-Ends-
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Contact Info
Aly Rifaah
Oracle Middle East
+9714 390 9000
ali.eltahtawi@oracle.com
© Press Release 2010
