- Best Software Company in UAE
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The United Arab Emirates (UAE) is driving the technology revolution with its world-class software companies. Last month, a new ranking put ten UAE software companies in the top 100 global technology companies. This is a monumental achievement that puts the UAE on the tech industry’s largest stage!
1. UAE Software Companies Shine in Global Ranking
The UAE blazed its way up the ranks of global software companies in 2020, making impressive advances in terms of revenue and influence.
- Jumping 28 Spots: The UAE leapfrogged ahead 28 places in 2020 on the Global Software Leaders report, now ranking within the top 15 countries listed. The ascending UAE software industry is one of the main drivers of the Middle East’s innovation.
- Technology Clusters: The UAE has become the go-to destination for technology and innovation businesses as Abu Dhabi and Dubai make advances in tech clusters. This has also attracted international investment, with the region becoming the world leader in foreign investment in software and IT-enabled services.
UAE software companies continue to excel in 2021, and the World Bank is confident that the region’s IT sector will remain a key driver. This is especially true in the context of the pandemic, as businesses across the world flock to the UAE for online collaboration.
2. Industry Growth in the UAE Expected to Continue
The United Arab Emirates is no stranger to bold business ventures. In the last decades, the country has aimed to become a global business leader by making smart investments and gradually building up its economy. This plan has been a success: according to recent reports, the UAE’s market has enjoyed a steady annual growth of 4-5%, and experts do not expect any slowdowns in the coming years. The country’s advanced infrastructure and diverse market were key factors in bringing in investments, but other factors also played a role.
The UAE economy is built on the back of many industries. The government sells free economic zones and encourages tax-free companies. This has allowed many industries to flourish, such as energy, technology, hospitality, and retail sectors. UAE’s strategic location between Europe and Asia also means the country reaps the advantages of being a transportation hub. The country’s population is steadily increasing, which provides even more business opportunities for the country. It also means that more services, including healthcare, education, and financial services, are needed to meet the demands of the market.
- The UAE market has enjoyed a steady annual growth of 4-5%
- The UAE economy is built on the back of many industries
- Industries that have enjoyed success due to the market climate in the UAE include energy, technology, hospitality, and retail sectors
- The country’s strategic location between Europe and Asia also makes it a transportation hub
3. What Makes the UAE Software Market So Attractive
The UAE software market is the perfect location for businesses and entrepreneurs looking to take advantage of all the technological advances the country has to offer. With a fast-developing infrastructure, this market is very attractive to investors and developers alike. Here are just some of the features that make the UAE an attractive spot for software development:
- Advanced Technology: The UAE has been a leader in embracing the latest technologies, investing heavily in areas such as cloud computing, artificial intelligence (AI), and data analytics.
- Ease of Doing Business: The UAE is paving the way for businesses to become competitive globally, with its open business structure and low operational costs. It ranks 87th out of 190 economies in the World Bank’s Ease of Doing Business category.
- Lifetime Flexibility: As a modern nation, the UAE creates opportunities for business owners to come and stay for as long as they want, within the 9000+ company structures established and regulated by the government.
The UAE is also a hub of international development, with global organizations such as Microsoft, Oracle, and Microsoft Azure developing their products in this market. This provides the perfect environment for entrepreneurs to learn and develop new software, while taking advantage of any existing expertise and resources available to them.
4. Local Leaders Aim to Move the UAE Up the Rankings
The UAE has been recognized as a global powerhouse bringing nations together. However, its national ranking in education, healthcare, and public policy has been falling in recent years. Leaders in the UAE are now aiming to move the country up the rankings once again. Here are just a few of the initiatives they are taking:
- Encouraging individuals to engage in active learning and higher education
- Implementing healthcare reforms to improve healthcare delivery in the UAE
- Establishing better public policies to develop the nation’s infrastructure and economy
The leaders in the UAE are taking a multi-faceted approach to improve the nation’s standing. They are stressing the importance of education and providing resources to those seeking to further their learning. They are also focusing on reforming healthcare and public policies to create a better quality of life for citizens. By working together, the leaders of the UAE are committed to making the nation a leader in its regional and global standings.
From small-medium enterprises to large-scale companies, the UAE’s software sector is clearly making a name for itself on the world stage. It’s testament to the creativity, hard work, and dedication of local teams to be recognized in a top ten ranking of software manufacturers. With the world of software constantly changing, we look forward to see how the UAE will continue to make its mark in this industry.
