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According to the latest report by IMARC Group, titled “Egypt ICT Market Report by Type (Hardware, Software, IT Services, Telecommunication Services), Size of Enterprise (Small and Medium Enterprises, Large Enterprises), Industry Vertical (BFSI, IT and Telecom, Government, Retail and E-commerce, Manufacturing, Energy and Utilities, and Others), and Region 2024-2032,” the report presents a thorough review featuring the , share, trends, and research of the industry.
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.
The high digital transformation efforts as well as rising utilization of modern technologies across various sectors are the factors responsible for the growth of the Egypt ICT market. Additionally, the market is propelling owing to the initiatives by government authorities, as they focus on boosting digital infrastructure, enhancing internet penetration, and fostering a knowledge-based economy.
The growing requirement for cloud computing, big data, and artificial intelligence (AI) is encouraging businesses to adopt advanced ICT solutions, while the increasing e-commerce, fintech, and online education sectors are further fueling market growth. Moreover, the young and tech-savvy population of Egypt, coupled with rising smartphone usage and internet connectivity, is driving demand for digital services and ICT innovations.
Egypt ICT Market Trends & Drivers:
The focus by government authorities on improving ICT infrastructure, in rural areas, to connect the digital divide is augmenting the Egypt ICT market. In addition to this, investments in 4G and the upcoming 5G networks are enhancing connectivity and supporting the adoption of emerging smart technologies such as IoT and smart cities. The ICT sector is also benefiting from increased foreign investments, as international tech companies see Egypt as a strategic hub for expansion in the Middle East and Africa.
Furthermore, the rise of tech startups and incubators in Egypt is contributing to the development of innovative ICT solutions that cater to local and regional needs. As digital services continue to expand across sectors like healthcare, education, and finance, the Egypt ICT market is expected to grow in the coming years, driven by technological advancements and supportive government policies aimed at fostering a robust digital economy.
Egypt ICT Market Report Segmentation:
The report provides an analysis of the key trends in each segment of the market, along with forecasts at the country levels for 2024-2032. The market has categorized based on type, size of enterprise, and industry vertical.
Breakup by Type:
Hardware
Software
IT Services
Telecommunication Services
Breakup by Size of Enterprise:
Small and Medium Enterprises
Large Enterprises
Breakup by Industry Vertical:
BFSI
IT and Telecom
Government
Retail and E-commerce
Manufacturing
Energy and Utilities
Others
Breakup by Region:
Greater Cairo
Alexandria
Suez Canal
Delta
Others
Competitor 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.
Key highlights of 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
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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 provides 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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