Dubai is sailing through a huge transformation in the IT industry. Software development is gaining ground rapidly, encouraging the IT industry to expand in the UAE. Many companies are embracing cutting-edge technologies, including AI, ML, IoT, and cloud solutions that are giving birth to innovation. In fact, as per a report published by a global data and business intelligence platform, the Software as a Service market globally is expected to touch the USD 328.20 bn mark in 2024. Not just that! This revenue is predicted to record a CAGR of 19.30% between 2024 and 2029, achieving a market volume of USD 793.10 bn by 2029. In this blog, we will take an in-depth look at the market in the UAE, reasons to invest in custom software development, key trends, and the average cost of software development Dubai. Letโs begin:
Software Development in UAE: A Brief Overview
First of all, you must know that software development is the process of building computer programs that function as per the given command. You can also understand it as a set of instructions that fulfills user requirements while meeting certain technical specifications at the same time. This process is also known as the Software Development Life Cycle or SDLC.
Software development is carried out by software engineers, developers, or coders that build and maintain feature-rich, optimal-quality software. The list of top software product development company includes:
- Microsoft
- Oracle
- SAP
- And many more
Throughout the years, Dubaiโs digital revolution has been powered by thousands of IT businesses and investors who are attracted to this region owing to its:
- Rich lifestyle
- Stunning architecture
- Promising technologies
The UAE is one of the prominent locations for venture capital investments in the MENA (Middle East and North Africa) area. The government of the UAE is also financially supporting startups. By bringing programs like Abu Dhabi Global Market Sandbox and Dubai Future Accelerators into the picture, the UAE has improved its technological industry and overall economy. The UAE has a robust market for the IT sector and it is expected that the trend like software development Dubai will continue as the country works to diversify its economy and position itself as an innovation & technology hub in the world.
Top 5 Reasons to Invest in Custom Software Development in Dubai
1. Improved Customer Engagement
Knowing consumersโ behavior can help organizations achieve greater customer retention, helping them mint more money. But the question pops up, โHow do companies connect with their buyers?โ Well, the answer is custom software development Dubai. Yes, software-based tools provide golden opportunities for enterprises to communicate with their patrons. They help firms interact with consumers personally by rendering user-centric interfaces.
2. Enhanced Operational Efficiency
Software development company in Dubai helps organizations streamline operations by letting them automate repetitive tasks, ensure smooth operations, and provide glitch-free solutions using custom software. This assists enterprises in saving time and money down the line.
3. Scalability and Flexibility
Building scalable applications can help companies expand to a great extent. This enables businesses not to be limited by their technical infrastructure. As your enterprise grows, software development models can easily be modified and scaled to fulfill new demands without any additional investments.
4. Access to New Technology
Software development in UAE is growing and most businesses are relying on innovative technologies, like AI, ML, Blockchain, and cloud computing to develop game-changing solutions. By utilizing new technologies, enterprises can gain competitive advantages, helping them offer personalized services and meet customersโ expectations.
5. Supportive Business Environment
Having an in-depth understanding and knowledge of business-favoring policies and the IT infrastructure of a specific country simplifies the implementation and integration of new software solutions for organizations. This allows companies to adopt and incorporate innovations in software development more effectively.
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Key Trends of Software Development in UAE
1: AI and ML
AI and ML have been popular subjects to explore in the tech domain. They will become even more important for software development for startups and SMBs in the next few years. Developers already use artificial intelligence to automate mundane jobs, improve code, and enhance user experiences. According to an international data and business intelligence platform, the artificial intelligence market is forecasted to hit the USD 184.00 bn mark in 2024. Thatโs not all! This market is predicted to demonstrate a compound annual growth rate of 28.46%, creating a market size of USD 826.70 bn by 2030.
Just to let you know, the UAE is investing profusely in these technologies in order to become a leader in AI and ML on an international level. This will drive an increased demand for software development services in Dubai that can help businesses adopt AI and ML-based solutions. In the time to come, software development may experience the increased impact of AI, from allowing complex data analysis and prediction to assisting in creating more intelligent and responsive solutions.
2: Digital Transformation
You may not believe this, but it is estimated that 40% of IT and technology spending globally goes into digital transformation. Also, some experts anticipate that spending on digital transformation will exceed 2.8 trillion dollars by the end of 2025. Just so you know, many organizations are undergoing digital transformation in the United Arab Emirates. Resultantly, it helps meet the expectation to increase output, reduce expenses, and improve customer satisfaction. However, there is a growing need for software development Dubai that can help businesses develop and deploy digital solutions in the UAE.
3: Blockchain
The blockchain industry will be valued at $163.83 billion by the end of 2029, with a CAGR of 56.3%. Blockchain technology has several applications across a wide range of industries including software development, while being usually linked with cryptocurrency. This particular technology also enables new business models and revenue streams, while coming equally handy in creating more open and secure software systems. As this state-of-the-art technology advances, more developers are likely to experiment with it and use it in their innovations in Dubai.
4: Cloud Computing
In recent research, it has come to light that 51% of IT spending will move to cloud solutions from conventional IT tools by the end of 2025. Cloud computing has been gaining ground in the tech industry for quite some time and it has literally changed how software is developed, deployed, and managed. Consequently, there is a demand for software consulting services that can help businesses establish web-based applications and solutions.
We can assume that cloud computing is the future of software development trends as more enterprises shift their software development to the cloud. As a result, it will be a breeze for software developers to:
- Collaborate effectively
- Access advanced tools and resources
- Create more scalable and flexible systems
5: Internet of Things
According to Market Watch, the IoT security market was worth 3.35 billion in 2022 and is estimated to rise at an annual growth rate of 26.36%, with expectations of achieving 13.36 billion by 2028. The IoT is all about the expanding global network of linked devices, including almost everything from wearable technology and mobile phones to industrial machinery and home appliances.
As this network enlarges, there will be new challenges and opportunities for top software development companies. Software developers will have to develop applications that work without a fuss on a myriad of software and hardware platforms apart from resolving specific privacy and security issues that IoT renders.
Average Cost of Software Development in Dubai
In case you are interested in learning โhow much does software development cost?โ in Dubai, you can take a look at what various packages would look like in the table below. This way you can easily choose one that suits your website development requirements.
Types of Software | Estimated Cost (AED) | Estimated Time |
---|---|---|
Basic | 1,000 โ 4,000 | 2 to 4 weeks |
eCommerce | 5,000 โ 20,000 | 2 to 3 months |
Customized Software | 5,000 โ 50,000 | 2 to 3 months |
ERP | 150,000 โ 300,000 | 3 to 6+ months |
CRMย | 10,000 – 200,000 | 3 to 6+ months |
Besides that, you can also see some estimates of โhow much does software development cost?โ in the ever-evolving market of UAE:
- A basic website with standard features: AED 2,000 to AED 4,000
- A small business website with essential functionalities: AED 15,000 to AED 30,000
- A conversion or lead-oriented website: AED 30,000
- An informational or small business website ranging from 8 to 16 pages: AED 11,000 to AED 30,000
- A complicated yet feature-rich website: AED 50,000 upwards
- A corporate website ranging between 25 and 75 pages: AED 35,000 to AED 60,000
- An e-commerce website ranging from 100 to 1000 products: AED 70,000 to AED 140,000
- A website application ranging from 20 to 2000 pages: AED 55,000 to AED 275,000
Do note that these are just rough cost estimates and can vary from one business to another.
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Why Choose Binmile as Your Partner for Software Development in Dubai?
Binmile Technologies is an award-winning SaaS development company in the UAE with a proven record of offering future-proof solutions across various industries. With more than 7 years of experience under our belt, our app development team has built numerous solutions that helped enterprises boost revenue and stand out among their competition.
We provide services like software development in Dubai to businesses of all sizes, be they startups or large organizations. Our developers are committed to building the best-in-class solutions by adopting agile methodologies and stringent security measures. Moreover, our solutions are scalable, flexible, responsive, and aligned with your organizational goals. So, if you are looking for a trusted partner for software development in UAE, Binmile Technologies has got you covered. Exchange words with our service representatives and share your project requirements to leverage our innovative solutions.