ICT Market - Egypt
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 27.2 Billion
Market Forecast in 2032: USD 39.7 Billion
Market Growth Rate: 4.30% (2024-2032)
The Egypt ICT market size reached USD 27.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 39.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.30% during 2024-2032.
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The strategic focus by government authorities on digital transformation and economic diversification are the factors responsible for the growth of the Egypt ICT market. Additionally, the market is propelling owing to initiatives to modernize the country’s IT infrastructure and promote the integration of advanced technologies across public and private sectors. Significant investments in broadband expansion, cloud computing, and 5G networks are accelerating the adoption of ICT solutions nationwide. Besides this, the increasing demand for e-government services, digital payments, and e-commerce platforms is boosting the market. The growing number of technology startups and innovation hubs in Egypt, supported by government incentives and funding programs, is also fostering growth by creating a dynamic and competitive ICT ecosystem.
Egypt ICT Market Scope and Growth Analysis:
Key trends in the Egypt ICT market include the rise of artificial intelligence (AI), big data analytics, and cybersecurity solutions. Businesses are leveraging AI and machine learning to enhance efficiency, while the adoption of big data is enabling informed decision-making across industries. With the surge in digital transactions and online services, cybersecurity has become a critical priority, driving investments in advanced security solutions.
The market is also witnessing increased adoption of IoT devices in sectors such as agriculture, healthcare, and smart cities, reflecting Egypt's push towards a more connected and automated economy. Furthermore, the expansion of IT outsourcing and business process outsourcing (BPO) services is positioning Egypt as a regional hub for ICT services. This growth is bolstered by the availability of a young, tech-savvy workforce and government efforts to enhance digital skills through training programs, which is anticipated to drive the Egypt ICT market in the coming years.
Egypt ICT Market Forecast & Segmentation:
Type Insights:
- Hardware
- Software
- IT Services
- Telecommunication Services
Size of Enterprise Insights:
- Small and Medium Enterprises
- Large Enterprises
Industry Vertical Insights:
- BFSI
- IT and Telecom
- Government
- Retail and E-commerce
- Manufacturing
- Energy and Utilities
- Others
Regional Insights:
- Greater Cairo
- Alexandria
- Suez Canal
- Delta
- Others
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Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the Egypt ICT industry.
Other Key Points Covered in the Report:
- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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