Egypt ICT Market Size to Hit USD 39,712.3 Million by 2033 | CAGR of 4.09%

Egypt ICT Market Overview

Market Size in 2024: USD 27,685.0 Million

Market Size in 2033: USD 39,712.3 Million

Market Growth Rate 2025-2033: 4.09%

According to IMARC Group's latest research publication, "Egypt ICT Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Egypt ICT market size reached USD 27,685.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 39,712.3 Million by 2033, exhibiting a growth rate (CAGR) of 4.09% during 2025-2033.

How AI is Reshaping the Future of Egypt ICT Market

● Accelerating Digital Government Services: AI-powered platforms are transforming public administration, with the Ministry of Planning investing EGP 13 billion to digitize government services across 40,000 new mobile towers nationwide.

● Driving Smart City Development: Egypt's new administrative capital integrates AI systems for traffic management, energy optimization, and public safety, requiring advanced ICT infrastructure across multiple government districts.

● Boosting Fintech Innovation: AI-enabled payment platforms like Fawry, Instapay, and Vodafone Cash are processing millions of daily transactions, pushing demand for secure cloud infrastructure and data analytics solutions.

● Training Digital Talent: The "Our Future is Digital" initiative is training 100,000 young Egyptians in AI-related skills including data analysis, machine learning, and digital marketing, building the workforce for tomorrow's ICT sector.

● Enhancing Startup Capabilities: Technology Innovation and Entrepreneurship Centre (TIEC) supports AI-driven startups with funding packages worth EGP 480,000 per company, accelerating innovation in healthcare, logistics, and e-commerce sectors.

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Egypt ICT Market Trends & Drivers:

The ICT industry in Egypt is a mammoth ride due to the Digital Egypt program by the government as part of Vision 2030. The Ministry of Communications and Information Technology is on the front line and making serious infrastructural investments- we are talking 40,000 new mobile towers deployed and major upgrades made on secure government networks. The industry raked USD 6.5 billion in revenue and remains the fastest-growing segment in five straight years. The most interesting thing is that this is opening opportunities across the board, telecommunications as well as software development with private companies leaping in to create everything to mobile payment applications and cloud platform.

This drives the incendiary expansion of digital services by the country being powered by a young and tech-intensive population. There is potential and talent to be innovative as there are more than 70 million of people online and 740,000 graduates entering the job market every year (28 percent of whom are graduates with a STEM background). The level of mobile penetration is immense and individuals are adopting digital solutions to all their activities such as banking, shopping among others. Startup activity is also vibrant and there has been a 15 percent increase in funding this year with USD 61 million being raised in Q1. Fintech, e-commerce, and logistics are all categories that catch the serious consideration of such investors as Google for Startups and other large European funds, demonstrating that Egypt is not only governmental in its digital transformation but also market-based.

The trend of e-commerce/digital payments is generating an effect in the whole ICT ecosystem. The e-commerce market in its own right is booming, platforms are doing billions of transactions and the need to have strong ICT infrastructure such as cloud computing, cyber security, payment gateways, and logistics tech is seen as demand. The adoption of digital payments is going through the roof with millions of Egyptians already accessing and using mobile wallets and electronic payment systems to carry out their daily purchases. The trend is compelling companies to become more technologically savvy in their ICT tools, with retail chains installing point-of-sale terminals and small traders using QR code payments. It is an upward trend that is fast expanding with the push by the government to also minimize the use of cash and the introduction of the national Meeza card, which means that ICT solutions are a necessity to anyone conducting business in Egypt.

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.

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Recent News and Developments in Egypt ICT Market

● April 2025: The Ministry of Planning announced a major public investment of EGP 13 billion to upgrade digital infrastructure, including secure government networks, 40,000 mobile towers, and comprehensive digitization of public services across Egypt.

● May 2025: Egypt launched new tax-free zones specifically designed to boost tech startups and retain local talent, following successful free zone models from the Gulf region and attracting increased foreign investment interest.

● August 2025: Eight Egyptian startups received selection for the latest Flagship Start IT programme, each receiving EGP 480,000 in funding plus mentorship through TIEC, focusing on AI, fintech, and enterprise software solutions.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide 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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This release was published on openPR.