Analysis by Component (Software and Services), Deployment Type (Cloud and On-Premises), Organization Size (SMEs and Large Enterprises), and End User (Educational Institutes, Government, BFSI, Non-Profit Organization, and Healthcare)
No. of Pages:114
Report Code:
BMIRE00028629
Category:
Technology, Media and Telecommunications
Middle East & Africa Grant Management Software Market
The Middle East & Africa grant management software market was valued at US$ 72.04 million in 2023 and is projected to reach US$ 127.45 million by 2028; it is expected to grow at a CAGR of 12.1% from 2023 to 2028.
Emergence of AI in Grant Management Software is Driving the Middle East & Africa Grant Management Software Market
Artificial intelligence (AI) is vital to any foundation or nonprofit organization. The ability of AI to provide quick Artificial intelligence (AI)-based grant management software is vital in any foundation or nonprofit organization. AI can provide quick mathematical calculations to increase the of human intelligence. AI-based software can manage high-volume data efficiently and outlines forecasts and risks more effortlessly, even with a less skilled workforce. Several grant management software providers are integrating their existing solutions with AI techniques to improve analytical abilities of the software. AI algorithms can be used to automatically score grant applications based on specific criteria. This can save time for the grant administration and ensure a fair and objective evaluation process. AI can be used to analyze past grant applications and outcomes to predict which applications are most likely to be successful. As expectations of end users regarding analytics and forecasting capabilities increase, the integration of existing grant management software with AI is expected to drive the growth of the grant management software market in the coming years.
Middle East & Africa Grant Management Software Market Overview
The grant management software market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Rapidly increasing urbanization and industrialization in the region improve diverse industries' growth. Several factors, such as smartphone connectivity, increased demand for advanced digital technology, and a rise in people's living standards, positively influence the grant management software market across the region. In the MEA, an increase in the number of funding associations such as the Anna Lindh Foundation, The King Abdullah II Award for Youth Innovation and Achievement (KAAYIA), Middle East Youth Initiative, Said Foundation, and Save The Children Sweden—Middle East Region is anticipated to propel the market growth during the forecast period. In October 2019, the UAE government provided US$ 3.63 billion in grants across all seven emirates in H1-2019, a 23.4% increase from 2018, as per the statistics of the Ministry of Finance. The federal and local governments offer grants to ensure social cohesion and integration, a cornerstone of the country's development drive. Such initiatives will provide opportunities to the grant management software market in the MEA during the forecast period.
Middle East & Africa Grant Management Software Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Grant Management Software Market Segmentation
Based on component, the Middle East & Africa grant management software market is categorized on as software and services. The software segment dominated the Middle East & Africa grant management software market share in 2023.
Based on deployment type, the Middle East & Africa grant management software market by has been segmented into cloud and on-premises. The cloud segment dominated the Middle East & Africa grant management software market share in 2023.
Based on organization size, the Middle East & Africa grant management software market by is bifurcated into large enterprise and small and medium enterprises (SMEs). The large enterprises segment dominated the Middle East & Africa grant management software market share in 2023.
Based on end user, the Middle East & Africa grant management software market is segmented into educational institutes, governments, BFSI, nonprofit organizations, and others. The government segment dominated the Middle East & Africa grant management software market share in 2023.
Based on country, the Middle East & Africa grant management software market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The UAE dominated the market in 2023.
Oracle Corp; Salesforce Inc; Sage Group Plc; and Workday Inc are the leading companies operating in the Middle East & Africa grant management software market.
Middle East & Africa Grant Management Software Market Strategic Insights
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Middle East & Africa Grant Management Software Market Segmentation Analysis
Middle East & Africa Grant Management Software Market Report Highlights
Middle East & Africa Grant Management Software Report Scope
Report Attribute
Details
Market size in 2023
US$ 72.04 Million
Market Size by 2028
US$ 127.45 Million
CAGR (2023 - 2028)
12.1%
Historical Data
2021-2022
Forecast period
2024-2028
Segments Covered
By Component
Software
Services
By Deployment Type
Cloud and On-Premises
By Organization Size
SMEs
Large Enterprises
By End User
Educational Institutes
Government
BFSI
Non-Profit Organization
Healthcare
Regions and Countries Covered
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
Market leaders and key company profiles
Oracle Corp
Salesforce Inc
Sage Group Plc
Workday Inc
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Middle East & Africa Grant Management Software Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - Middle East & Africa Grant Management Software Market
Oracle Corp
Salesforce Inc
Sage Group Plc
Workday Inc
Frequently Asked Questions
How big is the Middle East & Africa Grant Management Software Market?
The Middle East & Africa Grant Management Software Market is valued at US$ 72.04 Million in 2023, it is projected to reach US$ 127.45 Million by 2028.
What is the CAGR for Middle East & Africa Grant Management Software Market by (2023 - 2028)?
As per our report Middle East & Africa Grant Management Software Market, the market size is valued at US$ 72.04 Million in 2023, projecting it to reach US$ 127.45 Million by 2028. This translates to a CAGR of approximately 12.1% during the forecast period.
What segments are covered in this report?
The Middle East & Africa Grant Management Software Market report typically cover these key segments-
Component (Software, Services)
Deployment Type (Cloud and On-Premises)
Organization Size (SMEs, Large Enterprises)
End User (Educational Institutes, Government, BFSI, Non-Profit Organization, Healthcare)
What is the historic period, base year, and forecast period taken for Middle East & Africa Grant Management Software Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Grant Management Software Market report:
Historic Period : 2021-2022
Base Year : 2023
Forecast Period : 2024-2028
Who are the major players in Middle East & Africa Grant Management Software Market?
The Middle East & Africa Grant Management Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Oracle Corp
Salesforce Inc
Sage Group Plc
Workday Inc
Who should buy this report?
The Middle East & Africa Grant Management Software Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Middle East & Africa Grant Management Software Market value chain can benefit from the information contained in a comprehensive market report.
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