ERP software market in the GCC to hit USD 300 million by end of 2009
Raqmiyat targets booming demand within enterprise and SMB sectors
The Enterprise Resource Planning (ERP) software market in the GCC will hit USD 300 million by the end of 2009, as rising demand within the regional enterprise and SMB sectors fuels the market, according to Madar Research. The report has further projected that the market will witness a compound average growth rate of 14 percent in the next five years. ERP spending in the GCC is expected to experience a more moderate growth higher than the projected world average, which is between 6 per cent and 9 per cent. Raqmiyat, a leading UAE-based systems integrator, is set to leverage the booming demand in the region, as organisations today are becoming more open to utilising technology-enabled systems.
New and advanced technologies are rapidly being developed by software companies to facilitate better integration of data sources and processes into a unified system. As GCC countries experience an abundance of cash flow as a result of high oil prices and high GDP growth, more organizations and businesses are being encouraged to speed up their adoption of ERP technologies. With government sectors emerging as the top IT spenders in the region, Raqmiyat has outlined a specific strategy to form strategic partnerships with key government branches by offering more result-driven, reliable and accessible ERP systems.
“In addition to government sectors, we are also focusing our efforts to gain more clients within the GCC’s most important verticals, including the telecom, banking and retail sectors, which are all providing strong demand for project implementation, managed services and outsourcing,” said Navneet Tandon, Vice President, Raqmiyat. “Recent trends towards larger deals, particularly from government modernisation initiatives, have encouraged us to continuously develop our robust solutions to address large scale projects, while advancing our brand of highly scalable offerings for small and medium-sized businesses.”
Among Raqmiyat’s latest ERP software offering is the new version of Global Enterprise Management System (GEMS), a state-of-the-art, open system, fully integrated, industry standard software that effectively manages customers, partners and employee relationships; financials, operations, logistics and eCommerce business activities in one single integrated solution. Providing unparalleled web-based integration for critical business processes covering point of sale to finance and accounting, GEMS has been implemented in a large number of organizations with diverse business operations in the UAE as well as in other GCC countries.
“Driven by the challenges of rising costs, management and operational efficiency, regional SMB’s today are well aware of the importance of technology to streamline their business and improve their overall productivity. In line with the growing demand for effective solutions to meet Middle East business requirements, we have launched GEMS to aid managers in making faster and better decisions and to enable them to conduct business on a 24/7 basis. As more manufacturing and trading firms seek efficiencies by transitioning from manual environments to full automated environments with back-office systems, it is our goal to provide them with solutions that effectively meet their requirements,” concluded Tandon.
Dubai-based Raqmiyat, the primary IT company of the Al Ghurair business group, offers world-class business and technology solutions through partnerships with international firms. With several certifications on the technical front, Raqmiyat’s team of experienced professionals provides proficient services and support to its clients, guaranteeing business continuity on 24/7 basis. Raqmiyat has maintained a strong local presence through its strategically located offices in Dubai and Abu Dhabi, and is now looking into opportunities in Kuwait, Oman, Qatar, Bahrain and Saudi Arabia.
