Blog Information
- Posted By : Jackson Harolin
- Posted On : Nov 05, 2024
- Views : 25
- Category : General
- Description : The market in Egypt is majorly driven by rising government investments, increasing internet and mobile penetration, escalating tech startup ecosystem, continual technological advancements, the digital transformation of businesses, and robust education and skill development programs.
Overview
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 ICT Market analysis in Egypt, 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 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.
For an in-depth Analysis, You Can Refer Sample Copy of the Report: https://www.imarcgroup.com/egypt-ict-market/requestsample
Egypt ICT Market Trends & Drivers:
Significant trends in the Egypt ICT market include the adoption of artificial intelligence (AI), big data, and Internet of Things (IoT) technologies to improve efficiency across industries such as healthcare, finance, and logistics. This trend aligns with a growing emphasis on cybersecurity solutions, as the increasing reliance on digital services elevates the need for robust data protection frameworks.
Moreover, Egypt's young, tech-savvy population is accelerating demand for mobile internet and digital entertainment platforms, fueling expansion in the telecommunications and media sectors. In addition to these factors, as Egypt continues to develop its ICT infrastructure and promote digital literacy, the market is positioned for sustained expansion, making it a key driver of the nation's economic diversification and modernization goals. Consequently, the convergence of these factors is expected to propel the growth of 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.
Speak to an Analyst or Any Inquiry Before Buying the Report: https://www.imarcgroup.com/request?type=report&id=23822&flag=C
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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