The Enterprise Resource Planning (ERP) software market in the GCC will hit $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 percent. Raqmiyat, a leading UAE-based systems integrator, is set to leverage the booming demand in the region, as organizations today are becoming more open to utilizing 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. “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. __
