ME middleware market to top $1bn
Dallas, August 12, 2014
The middleware market in the Middle East is expected to grow from $657.5 million in 2014 to $1.028 billion in 2019, at a compound annual growth rate (CAGR) of 9.4 per cent, a report said.
Consumer goods and retails expected to be the biggest contributor in terms of revenue, added the report "Middle East Middleware Market - Advancements, Forecasts & Analysis (2014 - 2019)" from MarketsandMarkets, a global market research and consulting company based in the US.
The growing markets of healthcare and BFSI are expected to experience increased market traction with high CAGRs, during the forecast period, the report noted.
The report defines and segments the Middle East middleware market into various sub-segments with in-depth analysis and forecasting of revenues. This report also identifies drivers and restraints for this market with insights into latest trends, opportunities, and challenges.
The major driving forces which are enabling the growth of this market are constant growth of data across enterprises, technological advancements, reduced cost for IT and business processes, and increased A2A integration.
The significant rise in this market is due to rapid development and deployment of applications moreover, automated business processes by various businesses have also been the influencing factors for the growth of this market.
Some of the products which are gaining traction and investment from various vendors are communication middleware, platform middleware, application integration middleware, and others.
Some of the major providers include Fujitsu, IBM, HP, Oracle, SAP, Tibco, Software AG, Unisys, and others, who have uniquely positioned themselves in the market with propagation of new product developments and lucrative partnerships and acquisitions.
The report aims in estimating the future growth potential in this booming functional area that includes basic middleware, integration middleware and application integration middleware market.
The report gives the detailed analysis trends and forecasts, competitive landscape, key drivers, restraints, and opportunities and analysis on venture capital (VC) and mergers and acquisitions (M&A) related to the middleware market in the Middle East. It also focuses on technologies and standards and in estimating the market potential of the major sub-segments.
The Middle East market segmentation is based on product types, deployment types, organisation size, verticals and regions. – TradeArabia News Service