Engineering Software Up 10% in 2007 for Middle East - Cambashi
 CAMBRIDGE,
UK, Mar 26, 2008 - According to the latest figures from engineering and
enterprise IT applications market research and analysis consultant,
Cambashi, in 2007 the Middle East market for engineering applications
software grew 10% to €110m. Cambashi forecasts that by 2010 it will grow to
€149m. These figures include Cambashi’s estimate for software imported to
the Middle Eastern region from India and Pakistan but exclude the market in
Iran and Iraq, which this year proved too difficult to research.
2007 Mid East engineering applications software market
€110M
Where the markets are
Israel represents the biggest Middle Eastern engineering applications
market. At €44m it represents 40% of the whole region’s expenditure. In
manufacturing engineering applications it accounts for 60% of the regions
spending. Surprisingly, it also accounts for slightly over half of all
geospatial engineering spending.
Apart from Israel, it can be quite difficult to establish the location of
software’s final user. A complex network of intermediaries and agents
facilitates cross border trading. However, Cambashi estimates that the UAE
is the second biggest market accounting for 29% of the region’s engineering
applications spending. The researcher also estimates that 75% of the demand
in the UAE is for software serving architecture, engineering and
construction (AEC) disciplines, compared with a world-wide proportion of
38%.
share of market by
engineering disciplines
Peter Thorne, managing director at Cambashi, commented, “Today, the
Middle East is more diverse and sophisticated than most observers recognize.
There is a bias towards large scale engineering rather than manufacturing
but all kinds of engineering activities can be found.”
Spending on Large Scale Engineering
There are three main factors causing increased demand for AEC software in
the Middle East.
National oil companies in the Middle East have increased engineering
activities and have invested in their own design centers. An example is
Saudi Aramco’s Exploration and Petroleum Engineering Center (EXPEC)
facility.
There is a construction boom throughout the Middle East. In Dubai,
according to Gulf News, projects worth €200 Bn are in progress and about a
quarter of the world's 125,000 construction cranes are currently operating
in Dubai.
Road and utility network infrastructure are rapidly being improved, to
cope with increased commerce and increasing mobility of a more affluent
population.
Growth prospects
Cambashi forecasts that in 2008, Middle Eastern demand will increase
another 10% to €120m. With a large part of the market concentrated in Israel
and a fairly mature economy, growth in the region depends to a significant
extent on growth in Israel.
Cambashi forecast that in 2008, the Israeli market will grow 8% to €47m.
The UAE will enjoy the region’s fastest growth. Cambashi forecasts that
growth there will increase from 10% in 2007 to 13% in 2010.
About Cambashi
Cambashi, based in Cambridge, provides independent research and analysis
of the business reasons to use of IT in industry world-wide. Its specialist
fields include Engineering and Enterprise applications and the
infrastructure to enable industrial firms to use IT effectively. Cambashi
publishes market size estimates in the Engineering Applications Market
Observatory. Its clients vary in size from small to large and include most
of the leading software vendors and many pioneering IT users. Cambashi is a
member of CATN, an international association of consultants.
For more
information, visit www.cambashi.com.
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Source: Material used in press releases is often supplied by external
sources and used as is.
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