How big is the UAE Cloud Accounting Software Market?

The UAE Cloud Accounting Software Market size is expected to reach USD 28.44 billion in 2024 and grow at a CAGR of 14.94% to reach USD 57.06 billion by 2029. Read More

What is the current UAE Cloud Accounting Software Market size?

In 2024, the UAE Cloud Accounting Software Market size is expected to reach USD 28.44 billion. Read More

Who are the key players in UAE Cloud Accounting Software Market?

Intuit (QuickBooks), Oracle, ODOO, SAGE and Xero are the major companies operating in the UAE Cloud Accounting Software Market. Read More

What years does this UAE Cloud Accounting Software Market cover, and what was the market size in 2023?

In 2023, the UAE Cloud Accounting Software Market size was estimated at USD 24.19 billion. The report covers the UAE Cloud Accounting Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UAE Cloud Accounting Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

United Arab Emirates (UAE) Cloud Accounting Software Market Share

Statistics for the 2023 & 2024 United Arab Emirates (UAE) Cloud Accounting Software market share, created by Mordor Intelligence™ Industry Reports. United Arab Emirates (UAE) Cloud Accounting Software share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of United Arab Emirates (UAE) Cloud Accounting Software Industry

The vendors in the UAE Cloud accounting software market are moderately consolidated with an array of products and services. However, major vendors such as Intuit (QuickBooks), SAGE, Oracle, ODOO, Xero, Freshbooks, Al Nuaimi Auditors, and many more are highly preferred UAE Cloud Accounting software providers across various end users in the country.

In March 2023, Focus Softnet developed and released its new accounting software - FocusLyte. It is a cloud-based system that aids in handling invoices and business payments. FocusLyte is mainly designed for small and medium businesses. Regardless, it is equally efficient for companies with complex financial accounting processes. The system is popular among firms due to its ease of usage and comprehensive reporting capabilities.
In January 2023, Wafeq, a Dubai, UAE-based fintech startup that provides a cloud-based accounting tech platform, raised USD 3 million in seed funding. The round was led by Ra'ed Ventures with participation from Wamda Capital. Businesses using Wafeq create over 630,000 invoices monthly, with total monthly invoices exceeding USD 117 million. Wafeq meets every requirement of Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA), the UAE's Federal Tax Authority, and the Egyptian Tax Authority.