The Middle East & Africa system of insight market is expected to grow from US$ 90.93 million in 2019 to US$ 223.78 million by 2027; it is estimated to grow at a CAGR of 12.1% from 2020 to 2027.
The system of insight market in MEA includes South Africa, Saudi Arabia, the UAE, and rest of MEA. The region is projected to witness a rapid rise in industrialization, which would further drive the growth of the economy. The boost in per capita income, recovering economic conditions, and government spending toward infrastructure development of various industries in the region are among the factors anticipated to drive the adoption of system of insight solution. At present, various countries in MEA are recognizing the potentials of implementing ICT technologies in different industries to enhance the socio-economic climate of the country. For instance, Saudi Arabia has been a quick adopter of digital payment, realizing the potentials of a digital economy. Bahrain, Qatar, and Iran are the other gulf countries leading the charge in digital disruption in the region. The changing consumer preferences in the region are increasing the digital, and mobile payments.
In Middle East & Africa, the South Africa has witnessed an unprecedented rise in number of COVID-19 cases, which has led to the discontinuation of the IT software development activities. The downfall of the media and technology development sector has negatively impacted the demand for system of insight during the early months of 2020. Moreover, decline in overall telecommunication activities has led to the discontinuation of the system of insight projects. Similar trend has been witnessed in other Middle East & African countries, i.e., Saudi Arabia and UAE. However, the countries are likely to overcome these adversities with the economic activities regaining their pace, especially in the beginning of 2021.
Middle East & Africa System of Insight Market Segmentation
Middle East & Africa System of Insight Market – By Component
- Solution
- Services
Middle East & Africa System of Insight Market – By Application
- Customer Analytics
- Workforce Management
- Operations Management
- Sales and Marketing Management
- Risk and Compliance Management
- Other Applications
Middle East & Africa System of Insight Market – By Industry
- BFSI
- IT and Telecom
- Manufacturing
- Retail and E-commerce
- Government and Defense
- Healthcare and Life Sciences
- Other Industries
Middle East & Africa System of Insight Market – By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Application, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Saudi Arabia
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 System of Insight Market – By Component
1.3.2 System of Insight Market – By Application
1.3.3 System of Insight Market – By Industry
1.3.4 System of Insight Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa System of Insight Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East & Africa System of Insight Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in the Volume of Big Data and Need for Analytics
5.1.2 Digital Transformation to Gain a Competitive Advantage in the Market
5.2 Market Restraints
5.2.1 Scarcity of Awareness in Underdeveloped Countries
5.3 Future Trends
5.3.1 Increasing Adoption of AI to Boost the Market Growth
5.4 Impact Analysis of Drivers and Restraints
6. System of Insight Market – Middle East & Africa Analysis
6.1 Middle East & Africa System of Insight Market Overview
6.2 Middle East & Africa System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
7. Middle East & Africa System of Insight Market Analysis – By Component
7.1 Overview
7.2 System of Insight Market, By Component, 2019 & 2027
7.3 Solution
7.3.1 Overview
7.3.2 Solution: System of Insight Market– Revenue and Forecast to 2027 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: System of Insight Market– Revenue and Forecast to 2027 (US$ Million)
8. Middle East & Africa System of Insight Market Analysis – By Application
8.1 Overview
8.2 System of Insight Market, By Application, 2019 & 2027
8.3 Customer Analytics
8.3.1 Overview
8.3.2 Customer Analytics: System of Insight Market– Revenue and Forecast to 2027 (US$ Million)
8.4 Workforce Management
8.4.1 Overview
8.4.2 Workforce Management: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Operations Management
8.5.1 Overview
8.5.2 Operations Management: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Sales and Marketing Management
8.6.1 Overview
8.6.2 Sales and Marketing Management: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Risk and Compliance Management
8.7.1 Overview
8.7.2 Risk and Compliance Management: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Other Applications
8.8.1 Overview
8.8.2 Other Applications: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
9. Middle East & Africa System of Insight Market Analysis – By Industry
9.1 Overview
9.2 System of Insight Market Breakdown, by Industry, 2019 & 2027
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.4 IT and Telecom
9.4.1 Overview
9.4.2 IT and Telecom: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.5 Manufacturing
9.5.1 Overview
9.5.2 Manufacturing: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.6 Retail and E-commerce
9.6.1 Overview
9.6.2 Retail and E-commerce: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.7 Government and Defense
9.7.1 Overview
9.7.2 Government and Defense: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.8 Healthcare and Life Sciences
9.8.1 Overview
9.8.2 Healthcare and Life Sciences: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
9.9 Other Industries
9.9.1 Overview
9.9.2 Other industries: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
10. Middle East & Africa System of Insight Market – Country Analysis
10.1 Overview
10.1.1 MEA: System of Insight Market, by Key Country
10.1.1.1 South Africa: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 South Africa: System of Insight Market, by Component
10.1.1.1.2 South Africa: System of Insight Market, by Application
10.1.1.1.3 South Africa: System of Insight Market, by Industry
10.1.1.2 Saudi Arabia: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Saudi Arabia: System of Insight Market, by Component
10.1.1.2.2 Saudi Arabia: System of Insight Market, by Application
10.1.1.2.3 Saudi Arabia: System of Insight Market, by Industry
10.1.1.3 UAE: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 UAE: System of Insight Market, by Component
10.1.1.3.2 UAE: System of Insight Market, by Application
10.1.1.3.3 UAE: System of Insight Market, by Industry
10.1.1.4 Rest of MEA: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 Rest of MEA: System of Insight Market, by Component
10.1.1.4.2 Rest of MEA: System of Insight Market, by Application
10.1.1.4.3 Rest of MEA: System of Insight Market, by Industry
11. Middle East & Africa System of Insight Market- COVID-19 Impact Analysis
11.1 Middle East and Africa
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 INETCO Systems Limited
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Medallia Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Oracle Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 SAP SE
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Signals Analytics, Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SAS Institute Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 TIBCO Software Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word IndexLIST OF TABLES
Table 1. Middle East & Africa System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. South Africa: System of Insight Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa: System of Insight Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 4. South Africa: System of Insight Market, by Industry –Revenue and Forecast to 2027 (US$ Million)
Table 5. Saudi Arabia: System of Insight Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 6. Saudi Arabia: System of Insight Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 7. Saudi Arabia: System of Insight Market, by Industry –Revenue and Forecast to 2027 (US$ Million)
Table 8. UAE: System of Insight Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 9. UAE: System of Insight Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. UAE: System of Insight Market, by Industry –Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of MEA: System of Insight Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of MEA: System of Insight Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of MEA: System of Insight Market, by Industry –Revenue and Forecast to 2027 (US$ Million)
Table 14. List of AbbreviationLIST OF FIGURES
Figure 1. System of Insight Market Segmentation
Figure 2. Middle East & Africa System of Insight Market Segmentation – By Country
Figure 3. Middle East & Africa System of Insight Market Overview
Figure 4. Solution Segment held the Largest Share of the Middle East & Africa System of Insight Market
Figure 5. Customer Analytics held the Largest Share of Middle East & Africa System of Insight Market
Figure 6. BFSI held the Largest Share of Middle East & Africa System of Insight Market
Figure 7. Saudi Arabia held the Largest Share of Middle East & Africa System of Insight Market
Figure 8. MEA: PEST Analysis
Figure 9. System of Insight Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. System of Insight Market: Impact Analysis of Drivers and Restraints
Figure 12. Middle East & Africa System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. System of Insight Market Revenue Share, by Component (2019 and 2027)
Figure 14. Solution: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Services: System of Insight Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. System of Insight Market Revenue Share, by Application (2019 and 2027)
Figure 17. Customer Analytics: System of Insight Market– Revenue and Forecast to 2027 (US$ Million)
Figure 18. Workforce Management: System of Insight Market– Revenue and Forecast to 2027 (US$ Million)
Figure 19. Operations Management: System of Insight Market– Revenue and Forecast to 2027 (US$ Million)
Figure 20. Sales and Marketing Management: System of Insight Market– Revenue and Forecast to 2027 (US$ Million)
Figure 21. Risk and Compliance Management: System of Insight Market– Revenue and Forecast to 2027 (US$ Million)
Figure 22. Other Applications: System of Insight Market– Revenue and Forecast to 2027 (US$ Million)
Figure 23. System of Insight Market Breakdown, by Industry (2019 and 2027)
Figure 24. BFSI: System of Insight Market Revenue and Forecast to 2027 (US$ Million)
Figure 25. IT and Telecom: System of Insight Market Revenue and Forecast To 2027 (US$ Million)
Figure 26. Manufacturing: System of Insight Market Revenue and Forecast To 2027 (US$ Million)
Figure 27. Retail and E-commerce: System of Insight Market Revenue and Forecast To 2027 (US$ Million)
Figure 28. Government and Defense: System of Insight Market Revenue and Forecast To 2027 (US$ Million)
Figure 29. Healthcare and Life Sciences: System of Insight Market Revenue and Forecast To 2027 (US$ Million)
Figure 30. Other Industries: System of Insight Market Revenue and Forecast To 2027 (US$ Million)
Figure 31. Middle East & Africa: System of Insight Market, by Key Country – Revenue (2019) (USD Million)
Figure 32. MEA: System of Insight Market Revenue Share, By Key Country (2019 and 2027)
Figure 33. South Africa: System of Insight Market – Revenue and Forecast To 2027 (US$ Million)
Figure 34. Saudi Arabia: System of Insight Market – Revenue and Forecast To 2027 (US$ Million)
Figure 35. UAE: System of Insight Market – Revenue and Forecast To 2027 (US$ Million)
Figure 36. Rest of MEA: System of Insight Market – Revenue and Forecast To 2027 (US$ Million)
Figure 37. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
The List of Companies - Middle East and Africa System of Insight Market
- Inetco System Limited
- Medallia Inc.
- Oracle Corporation
- Plutora Inc.
- SAP SE
- Signal Analytics, Inc.
- SAS Institute Inc.
- Tibco Software Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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