Report Published: "Egypt Information Technology Report Q2 2016"

We expect the Egyptian IT market to extend the strong growth from 2015 into 2016, and over the medium term, but with growth decelerating somewhat as the boost from pent-up demand during the period of political and economic instability dissipates. Our core scenario is for a CAGR of 11.5% over 2016-2020 to EGP26.6bn, though the US dollar rate is expected to be slower due to depreciation. Nonetheless the outlook is positive, a view underpinned by our assessment of household income trends and demographics in the context of low device penetration rates - alongside the modernisation momentum in the enterprise market where cloud computing is expected to be an area of outperformance. Although the core scenario is positive we do continue to highlight downside potential in domestic and regional political and security risks.

Latest Updates & Industry Developments

Computer hardware sales will increase from EGP9.0bn in 2016 to EGP12.6bn in 2020, a compound annual growth rate (CAGR) of 8.9%. Underdeveloped market, with tablet penetration particularly low as the global boom coincided with the instability in Egypt, and this growth potential is combined with our positive analysis of income trends to support a bullish hardware outlook.

Full Report Details at
- http://www.fastmr.com/prod/1132634_egypt_information_technology.aspx?afid=301

Software sales are forecast to grow from EGP3.4bn in 2016 to EGP5.6bn in 2020, a CAGR of 13.8%. Software-as-a-service availability in Egypt will deepen the market and help to reduce the incidence of piracy, with small- and medium-sized enterprises representing a relatively untapped opportunity.

IT services sales are predicted to rise from EGP4.9bn in 2016 to EGP8.4bn in 2020, a CAGR of 14.6% in local currency terms. Egypt's outsourcing industry, particularly call centre service provision, is growing strongly, while rising public and private sector demand for cloud-based infrastructure and platform services is also boosting segment performance.

The Egypt Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Egypt Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Egypt.

Key Benefits
Benchmark BMI's independent IT Industry forecasts for Egypt to test other views - a key input for successful budgetary and strategic business planning in the Egyptian IT market.

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