"Egypt Information Technology Report Q3 2016" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed Jun 22 2016

Egypt's economy does not rely on commodities and as such was one of the stronger performing emerging markets for IT spending in 2015, but with the economically important tourism industry facing a loss of confidence and local currency depreciation against the US dollar in 2016, we expect a deceleration in spending growth. The outlook is noneth eless still positive for medium- term performance, and we envisage IT spending will increase at a CAGR of 11.5% over 2016-2020. Rising household incomes trends with positive demographic trends, both in the context of low device penetration rates - alongside the modernisation momentum in the enterprise market underpin our positive view of growth potential in Egyptian IT spending.

Full Report Details at
- http://www.fastmr.com/prod/1188092_egypt_information_technology.aspx?afid=301

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%. Educational procurement, and retail spending as incomes rise, will drive growth as vendors target significant number of first-time buyers as reflected in low PC penetration rates.

Software sales are forecast to grow from EGP3.4bn in 2016 to EGP5.6bn in 2020, a CAGR of 13.8%. Software market is low-value in Egypt, but modernization pressures will drive investment by both large enterprises and SMEs over the medium term.

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. There is potential to target both rising public and private sector demand for cloud services, while the growth of the outsourcing industry is a specific area vendors can target.

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.
Target business opportunities and risks in Egypt's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Egypt.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

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Contact Name: Bill Thompson
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