Egypt ICT Market Overview

Market Growth Rate 2025-2033: 4.09%

According to IMARC Group's latest research publication, "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 2025-2033", the Egypt ICT market size is projected to exhibit a growth rate (CAGR) of 4.09% during 2025-2033.

Growth Factors in the Egypt Ict Market

• Government Initiatives and Digital Transformation

The Egyptian government’s commitment to digital transformation is a cornerstone of growth in the ict sector in Egypt. Through initiatives like the Digital Egypt Strategy and Egypt Vision 2030, the government is investing heavily26 heavily in telecommunications infrastructure, including expanding 4G and introducing 5G networks. For example, the “Our Future is Digital” initiative aims to train 100,000 young Egyptians in high-demand ICT skills like data analysis and digital marketing. These efforts enhance digital literacy and create a skilled workforce, fostering an environment conducive to innovation. By prioritizing digital infrastructure and skills development, the government is driving demand for ICT services and attracting foreign investment, significantly boosting market growth.

• Thriving Tech Startup Ecosystem

Egypt’s burgeoning tech startup ecosystem is a key driver of ICT market expansion. The rise of incubators, accelerators, and venture capital investments has created a vibrant hub for entrepreneurship. Startups in fintech, healthtech, edtech, and e-commerce are leveraging technologies like AI, blockchain, and IoT to address local and regional challenges. For instance, companies like Swvl, a Cairo-based mobility startup, have disrupted traditional transportation models, gaining international recognition. Support from institutions like the Information Technology Industry Development Agency (ITIDA) and private sector entities provides funding and mentorship, enabling startups to innovate and scale, thus fueling market growth and diversifying ICT applications.

• Foreign Direct Investment and Strategic Location

Egypt’s strategic geographic position as a gateway to Africa, Asia, and Europe, combined with its skilled workforce, attracts significant foreign direct investment (FDI). International corporations like Microsoft and Amazon are establishing operations in Egypt, drawn by favorable investment climates. For example, in July 2024, ITIDA partnered with Telecom Egypt and Nokia to create an IP Excellence Centre, enhancing Egypt’s role as an IT services hub. These investments bring advanced technologies and expertise, strengthening the ICT market. The influx of FDI not only boosts infrastructure development but also fosters knowledge transfer, driving innovation and economic growth in the sector.

Key Trends in the Egypt ICT Market

• Expansion of 5G and IoT Technologies

The rollout of 5G networks and the growing adoption of IoT technologies are transforming Egypt’s ICT landscape. Telecom companies are investing heavily to enhance internet speed and connectivity, enabling applications like smart cities and autonomous systems. For instance, the New Administrative Capital’s “Knowledge City” integrates IoT for smart infrastructure, including applied research centers for software development. This trend supports the growth of e-commerce, fintech, and digital entertainment by providing faster, more reliable networks. As connectivity improves, businesses and consumers increasingly adopt IoT solutions, reshaping industries and creating new opportunities for ICT service providers to deliver innovative solutions.

• Rise of Digital Payment Systems

The rapid growth of digital payment systems is reshaping Egypt’s ICT market, particularly in the fintech sector. Government and private sector support for e-payments aligns with Egypt Vision 2030’s goal of a cashless economy. For example, Visa Egypt has noted the country’s emergence as a regional hub for digital payments, with mobile apps like Fawry facilitating seamless transactions. This trend is driven by increasing smartphone penetration and consumer demand for convenience. As businesses adopt digital payment platforms, the demand for secure, scalable ICT infrastructure grows, encouraging providers to develop advanced cybersecurity and cloud-based solutions to support this shift.

• Focus on Cybersecurity and Data Protection

With rising digital engagement, cybersecurity has become a critical focus in Egypt’s ICT market. The increasing frequency of cyberattacks targeting critical infrastructure has prompted businesses and government to prioritize data protection. The launch of the Cybersecurity Academy by the Ministry of Communications and Information Technology offers free courses to enhance skills at all levels. For example, partnerships with global firms like Cisco provide advanced training in cloud computing and cybersecurity. This trend drives demand for IT services like managed security and data analytics, as organizations seek to safeguard sensitive information and maintain consumer trust in an increasingly digital economy.

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Egypt ICT Industry Segmentation:

The report has segmented the market into the following categories:

 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

Competitive Landscape:

The competitive landscape of the industry has also been examined, along with the profiles of the key players.

Future Outlook

The Egypt ICT market is poised for robust growth, driven by government initiatives, a thriving startup ecosystem, and increasing foreign investment. As the Digital Egypt Strategy and Egypt Vision 2030 continue to shape the sector, advancements in 5G, IoT, and AI will unlock new opportunities in e-commerce, fintech, and smart infrastructure. Projects like the New Administrative Capital’s “Smart City” and the expansion of technology parks in cities like Minya and Aswan signal a commitment to innovation. With a focus on digital literacy and cybersecurity, Egypt is positioning itself as a regional technology hub, fostering sustainable economic growth and attracting global players to its dynamic market.

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

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