SETS Strengths, Domain Expertise, and Key Differentiators
The company's flagship product, "People365," showcases its ability to develop comprehensive and user-friendly solutions for human resources management. This product has garnered significant trust and adoption in the market.
SETS has embraced the potential of AI and ML in its solutions. By leveraging these technologies, SETS enhances decision-making, process efficiencies, and competitive advantages for its customers.
SETS Recent Developments
SETS has been making waves in the IT industry by staying at the forefront of technology trends. Recently, the company achieved a remarkable milestone by becoming one of the first partners in the Middle East to attain Nutanix Master Status. This recognition highlights SETS' expertise and competence in cloud-based solutions. Additionally, Commvault, a leading data management, and protection provider, appointed SETS as an authorized partner, further solidifying SETS' commitment to expanding markets and providing top-notch support to its end-user customers through strategic partnerships.
Over the past year, SETS has experienced substantial revenue growth, primarily driven by its flagship product, "People365." The comprehensive Human Resources Management System, which includes Time Attendance, Payroll, and HR modules, has gained trust among over 240,000 users from more than 1000 organizations
SETS Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying SETS applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of SETS and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified People365 customers.
SETS Overview
Ownership: - x
Number of Employees: 180
Functional Market: Task Management, Time and Attendance, Core HR, Payroll, Recruiting, Performance Management, Learning and Development, Succession Planning,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Leisure and Recreation, Hospitality, Media, Oil and Gas, Chemicals, Professional Services, Retail,
SETS Key Cloud and HCM Applications
People365
SETS HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
SETS Revenue Breakdown by Type:
SETS HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
SETS HCM Applications Revenues By Verticals, $M:
SETS Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
SETS Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
SETS Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified SETS Customers
No. of SETS Customers: 1200
No. of SETS HCM Applications Customers: x
No. of SETS Cloud HCM Customers: x
No. of SETS Cloud HCM Subscribers: 352000
SETS enterprise solutions cover all major business requirements in various sectors within the Lebanese and Regional markets including banks, financial institutions, healthcare, telecommunications, education, government and public institutions.
People365 is trusted by over 240,000 users, across 1000 organizations. Among People365 customers are: Al Rostamani Group, Al-Ayuni, NASCO, SGBL, Lebanese American University, Afkar Holding, SucaFina, Libano-Suisse Insurance Company, Byblos Bank, Bank of Beirut, FDC, Le Gray Beirut, Mount Lebanon Hospital, Sanofi, Adir Insurance and many others.
SETS Market Opportunities, M&A and Geo Expansions
The Middle East IT industry is witnessing exponential growth, driven by digital transformation and the adoption of emerging technologies. Cloud computing, IoT, AI, and ML are expected to play a central role in shaping the future of businesses across various sectors in the region. As organizations embrace technology to enhance efficiency, security, and customer experience, SETS is well-positioned to seize these market opportunities by providing innovative and tailored solutions.
SETS' operations across Lebanon, Jordan, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, and Oman position the company to explore new markets and expand its footprint in the Middle East and beyond. As digital transformation gains momentum globally, SETS can tap into new regions and industries seeking advanced IT solutions.
SETS Risks and Challenges
The rapidly evolving IT landscape poses go-to-market challenges for SETS. Staying competitive and continually innovating to meet customer demands requires strategic planning and adaptability. Moreover, as technology advancements accelerate, SETS must keep abreast of market trends and leverage its domain expertise to stay ahead in the game.
SETS Ecosystem, Partners, Resellers and SI
SETS' ecosystem is strengthened through technology integrations and partnerships with industry-leading vendors and brands. The company has collaborated with prominent players such as Huawei, HPE, Commvault, Nutanix, Splunk, Veeam, Microsoft, Cisco, VMware, and more. These partnerships enable SETS to deliver high-quality and innovative solutions to its customers. Additionally, by operating both regionally and globally, SETS can leverage its network effects through system integrators and value-added resellers, facilitating broader market reach and customer engagement.
SETS Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- SETS Public Cloud and Infrastructure (IaaS)
- SETS Platform (PaaS)
- SETS Application Delivery
- SETS Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
