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 Egypt ICT Market forecast growth, 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 investment by government authorities toward digital transformation as well as the increasing utilization of advanced technologies in several sectors are the factors responsible for the growth of the Egypt ICT market. Additionally, initiatives such as Egypt Vision 2030 aim to modernize the infrastructure of the country, promote e-governance, and enhance digital literacy, all of which are fueling the growth of the ICT sector.
Besides this, the rise of mobile internet usage, the growing penetration of smartphones, and the demand for high-speed connectivity are further boosting the market. Moreover, the expansion of cloud computing, data centers, and cybersecurity solutions is essential as businesses and government institutions seek to enhance operational efficiency and data security in the digital age.
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Egypt ICT Market Trends & Drivers:
A key trend in the Egypt ICT market is the increasing focus on developing a robust startup ecosystem, particularly in the fields of fintech, e-commerce, and artificial intelligence (AI). In addition to this, Egypt has become a hub for tech innovation, with numerous incubators and accelerators supporting the growth of local tech startups. This trend is supported by foreign investments and collaborations with global tech companies, which are helping to foster innovation and create new opportunities.
Furthermore, the ongoing rollout of 5G technology is expected to revolutionize industries by enabling faster communication, IoT applications, and smart city projects. Apart from this, the investment by government authorities in digital skills development and its commitment to fostering a knowledge-based economy are anticipated to drive the Egypt ICT market in the coming years.
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.
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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.
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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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