Middle East & Africa Industrial Software Market Size & Outlook
The industrial software market in Middle East & Africa is expected to reach a projected revenue of US$ 2,990.6 million by 2030. A compound annual growth rate of 12.3% is expected of Middle East & Africa industrial software market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,306.9
Forecast, 2030 (US$M)
$2,990.6
CAGR, 2024 - 2030
12.3%
Report Coverage
Middle East & Africa
MEA industrial software market highlights
- The MEA industrial software market generated a revenue of USD 1,306.9 million in 2023.
- The market is expected to grow at a CAGR of 12.6% from 2024 to 2030.
- In terms of segment, manufacturing execution system (mes) was the largest revenue generating type in 2023.
- Manufacturing Execution System (MES) is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,306.9 million |
| Market revenue in 2030 | USD 2,990.6 million |
| Growth rate | 12.6% (CAGR from 2023 to 2030) |
| Largest segment | Manufacturing execution system (mes) |
| Fastest growing segment | Manufacturing Execution System (MES) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manufacturing Execution System (MES) |
| Key market players worldwide | ABB Ltd, Rockwell Automation Inc, Emerson Electric Co, GE Aerospace, Honeywell International Inc, SAP SE ADR, OMRON Corp, Hexagon AB ADR, Siemens AG, Oracle Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.4% of the global industrial software market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 21,518.9 million by 2030.
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Industrial Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hexagon AB ADR | View profile | 24091 | Lilla Bantorget 15, Stockholm, Sweden, SE-111 23 | https://www.hexagon.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
| SAP SE ADR | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
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