The Middle East is experiencing a huge transformation in the IT industry. Software development is gaining momentum, encouraging the IT industry to come to the Middle East. The industries are adopting the latest technologies, including AI, big data, and cloud solutions, giving rise to innovation.
According to a report, the growth of the SaaS industry in the Middle East is estimated to reach over $282 billion in 2024. Furthermore, SaaS industry growth has been positive and is estimated to grow at a CAGR of 18.25% from 2023 to 2030.
In this blog, we will discuss the market in the Middle East, the benefits of investing in custom software development, use cases, and the and the cost of software development in the Middle East.
Key Takeaway
The Middle East's software development market is booming, driven by advancements in AI, big data, and cloud technologies. Businesses are leveraging custom software development for improved operations, customer engagement, and scalability. The cost of development varies, but opportunities abound across industries like oil and gas, eCommerce, healthcare, and more. ToXSL Technologies stands out as a reliable partner for innovative software solutions.
Middle Eastern Software Development Market:
The Middle East is constantly evolving and investing a lot in software development. According to a report by Statista, the revenue of the IT services market is estimated to reach US $32.48 billion, growing at a CAGR of 5.85%. Furthermore, the startups in the Middle East successfully raised $35.6 million in June 2023 across 45 deals. These statistics clearly show the rise of the IT services market in the Middle East.
However, the companies in the Middle East have shown great interest in mobile and web app development, but their main focus is on artificial intelligence (AI). According to a report, 93% of C-level executives are interested in investing in GenAI. Hence, businesses in the Middle East are integrating AI to streamline their operations and enhance decision-making. So, if you are a business looking to invest in businesses in the Middle East, now is the best time.
Now, let us dive deeper into the blog and learn about the benefits of software development for your business.
Reasons to Invest in Custom Software Development
Custom software development has numerous benefits that help businesses enhance their operations and brand value. In this section, we will learn about the major reasons why businesses should invest in custom software development in the Middle East:
Improved Operational Efficiency:
Software development helps businesses streamline operations by allowing them to automate repetitive tasks, ensure smoother operations, and offer error-free solutions. This helps businesses save time and money in the long run.
Enhanced Customer Engagement:
Knowing customers's behaviour can help businesses gain more customer retention, helping them generate revenue. But the question is, “How do businesses connect with their customers?" Well, the answer is custom software app development. Software tools offer great opportunities for businesses to connect with and interact with their customers. They help businesses communicate with customers personally by offering user-friendly interfaces.
Access to New Technology:
The Middle East is growing, and most businesses are opting for innovative technology to create next-gen solutions such as AI, blockchain, and cloud computing. By using new technologies, companies can gain competitive advantages, helping them provide better services and meet customers’s requirements.
Scalability and Flexibility:
Developing scalable apps can help businesses expand. This allows businesses to not be limited by their tech infrastructure. As your business grows, software can easily be adjusted and scaled to meet new demands without any external investments.
Supportive Business Environment:
Having the understanding and knowledge of the region's pro-business policies and IT infrastructure facilitates the adoption and integration of new software solutions for companies. This allows businesses to implement and integrate these solutions more effectively.
Data-driven Decision Making:
Software development in the Middle East empowers businesses to take advantage of data analytics and allow them to collect, analyse, and make informed decisions. This helps businesses stay ahead of competition and predict customer behaviour, leading to improved outcomes.
Enhanced Security:
With the advancement in technology, the cybersecurity threads are increasing. Hence, having robust and secure software tools that can protect your business is crucial. This helps businesses develop a great relationship with their customers, leading to enhanced revenue.
Software Development in the Middle East: Use Cases
Software development is changing how industries used to work in the Middle East. Let us now shed some light on the different sectors that are growing exponentially using software development.
Oil and Gas:
Software development solutions are helping the oil and gas industry improve its safety and efficiency. With the help of AI algorithms or predictive analysis, businesses can grow to the next level. Predictive analysis can help businesses understand their customers’s behaviour, helping them develop custom solutions as per their needs.
eCommerce:
If you are into the eCommerce business, then having an eCommerce app is a must for you. With time, people are preferring online shopping. This makes business apps today’s necessity for every business that wants to sell online. Having a mobile app can help a business enhance its credibility and improve its brand value. We live in an era where having a mobile app helps businesses build trust with their customers, helping them generate more revenue.
Healthcare:
Technology has evolved, helping the healthcare sector grow to a greater extent. Healthcare systems are opting for digital technologies to simplify data management and process patient information more securely. It is also seen that telemedicine software is making it easy for healthcare businesses to expand to remote areas, making it easy for patients to interact with doctors.
Real Estate:
The real estate businesses in the Middle East are integrating advanced software solutions. This is helping businesses enhance project management and operational efficiency. With the help of software development, real-estate businesses can facilitate better planning and management.
Tourism and Hospitality:
Software development is helping businesses enhance their guest experiences and streamline their operations hassle-free. Custom software development has helped many hotels and services offer personalised services to their businesses. Investing in custom app development services in the Middle East can help you eliminate unnecessary processes involved in hotel booking processes, making the system more transparent and effective.
How Much Does It Cost to Develop Software in the Middle East?
Calculating the cost of developing software in the Middle East can be challenging. Software development costs have always been the biggest concern for companies looking to build mobile apps in the Middle East. But different software costs are different. Now the question arises:What is the development cost of software?”
Well, the average cost to develop software in the Middle East ranges somewhere between $25,000 and $50,000, depending on various factors. If you want to develop a simple app that needs basic features and functionality, it will cost somewhere between $5,000 and $25,000. However, if you are looking to enhance business and want a more complex app with advanced features and functionalities, the cost can range from $50,000 to $100,000.
Why Choose ToXSL Technologies as Your Software Development Partner in the Middle East?
ToXSL Technologies is an award-winning software development company in the Middle East with a proven record of offering innovative next-gen solutions across numerous industries. With more than 12 years of experience, our team of app developers has developed solutions that help businesses enhance revenue and stand out.
We offer services to all sizes of businesses, from start-ups to large enterprises. Our developers are committed to offering the best solutions by following agile methodologies and security measures. Furthermore, our solutions are flexible, scalable, responsive, and align with your business goals. So,
if you are a business looking to develop software solutions to grow your business, ToXSL Technologies is here to help you. Get in touch with our teams and leverage our software solutions.
FAQs:
Q. How much does it cost to build software in the UAE?
The cost of software development in the Middle East can vary widely depending on various factors. This includes the complexity of the software, the technology, and the features used in the software. Normally, the cost of simple software starts at $5,000, while more complex software can cost up to $100,000. However, there can be external costs associated with the software based on custom UI/UX designs, integration with existing systems, ongoing maintenance, updates, and compliance.
Q. How long does it take to build software in the Middle East?
The time to build software in the Middle East depends on various factors, determining the time. The factors include the project’s scope and the complexity of the the complexity of the software developed by the development team. In general, simple software apps can take up to 3–4 months, while complex apps can take up to 6 months, 1 year, or more. The time totally depends on the type of functionality you want to add to your software.
Q. How do you identify a top Middle Eastern software development company for your business?
While choosing a top-tier Middle Eastern software development company for your business, ensure that you follow the steps given below:
1. Experience and Expertise: Ensure to choose a provider who has experience and expertise in the tools and technology that you are willing to use in your software.
2. Portfolio and Client’s Reviews: The company’s portfolio acts as a resume. So go through it properly. It will help you understand if the service provider has genuine experience in app development.
3. Client Feedback: Reach out to the clients they have worked with. It will help you gain confidence in their services.
4. Development Methods: Ensure that you ask the service providers about their development process and the approach they follow during the development.
5. Customer Support: Make sure that the service provider that you hire offers 24*7 customer support. This will help you solve any issue related to the app you developed.
