|EAS market in MENA swells to $133.77 million|
|DUBAI : The enterprise application software (EAS) market in the Arab Middle East and North Africa (MENA) swelled by nearly 5.2 percent to $133.77 million in 2003.
According to a new IDC study, this moderate growth reflects an unusually large project carried out in Saudi Arabia in 2002. It also reflects increasing saturation of basic or core EAS/ERP modules at the upper end, which will require vendors to start tapping the small and medium-sized business segment for new clients.
Nevertheless, the total MENA EAS market will continue to expand, with annual growth across the region expected to be almost double that of 2003 over the next few years.
As might be expected, there was considerable variation in the individual EAS markets of MENA in 2003. For instance, Saudi Arabia accounted for more than 30 percent of spending in the region last year but had almost flat growth. The UAE represented 19 percent of the market and witnessed a jump of 27.2 percent in EAS investments. By contrast, EAS spending contracted in both the Levant and Maghreb regions, the latter being due to completion of a major project in Algeria the previous year. And despite its economic difficulties, Egypt saw a slight increase in EAS spending in 2003.
Beirut,09 06 2004
The Daily Star