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 Size, Share, Trends and Forecast by Components, Material Used, End User, and Region, 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.
Our report includes:
- Market Dynamics
- Market Trends and Market Outlook
- Competitive Analysis
- Industry Segmentation
- Strategic Recommendations
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Egypt ICT Market Trends & Drivers:
The growth of Egypt ICT market is strongly driven by substantial government investment and digital transformation initiatives. The government's "Digital Egypt" strategy is a cornerstone, fueling investment in digital infrastructure and public sector digital services. Projects to connect thousands of government buildings with fiber-optic cables and initiatives like "Our Future is Digital," which trains young Egyptians in high-demand ICT skills, exemplify this commitment. These efforts not only enhance public service delivery but also stimulate private sector innovation and adoption, ultimately accelerating the country’s transition to a robust digital economy.
Rising internet and mobile penetration is another key factor fueling the ICT market’s expansion. Egypt's internet user base has surged to over 96 million, reaching an 82% penetration rate, with mobile subscribers exceeding the total population. This surge expands digital access, boosts e-commerce, drives demand for cloud computing, IoT, and enhances digital communication solutions. While urban areas exhibit higher connectivity, ongoing investments aim to bridge the rural-urban digital divide, making connectivity more inclusive and supporting widespread adoption of modern ICT services.
The flourishing fintech sector and dynamic startup ecosystem further energize the Egypt ICT market. Digital payment transactions have more than doubled recently, with mobile wallet users surpassing 25 million, reflecting broad financial inclusion efforts. A vibrant tech startup landscape attracts significant venture capital investments, fostering innovative solutions and increasing demand for IT infrastructure and consulting services. Companies and government alike are prioritizing cybersecurity and AI integration to ensure sustainable and secure digital growth, positioning Egypt as a rising tech hub in the region.
How AI is Reshaping the Future of Egypt ICT Market
AI is reshaping the future of Egypt’s ICT market by driving digital transformation, enhancing operational efficiency, and fostering innovation across sectors. The government’s National AI Strategy (2025-2030) emphasizes AI capacity building, infrastructure development, and ethical governance, enabling widespread AI adoption in government services and the private sector. Collaboration between startups, investors, and global tech firms is accelerating AI-driven solutions, with over 250 AI-focused startups and more than 30,000 trained AI specialists contributing to the ecosystem. Major partnerships, like the five-year MCIT-IBM agreement, are fast-tracking AI implementation, while AI applications improve public service delivery, optimize networks, and enhance cybersecurity. This dynamic blend of policy, talent, and technology positions Egypt’s ICT market for a smarter, more competitive future.
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
Recent News and Developments in Egypt ICT Market
- July 2025: Egypt’s Ministry of Communications and Information Technology, in collaboration with Dell Technologies, concluded the third round of an AI capacity-building initiative. This program trained 676 university students in specialized AI skills, contributing to over 300 innovative AI projects. The ministry also launched “Digitopia,” a large ICT competition with prizes totaling EGP 10 million, fostering youth innovation in AI, cybersecurity, and digital arts.
- June 2025: Cairo ICT 2025, a leading technology trade fair, reinforced Egypt’s role as a regional hub for digital innovation. The event brought together global and regional experts to explore the latest in AI, cloud computing, cybersecurity, and fintech, pushing the agenda for Africa’s digital transformation through public-private partnerships and strategic collaborations.
- May 2025: Egypt’s ICT sector showed remarkable growth, doubling its GDP contribution recently, underpinned by increased digital skills training reaching 500,000 trainees annually. Strategic partnerships, such as a deal with IBM to train 100,000 Egyptians in AI and quantum computing, along with the expansion of outsourcing companies by 180%, are fueling exports and strengthening Egypt’s position as a digital economy leader. The country’s infrastructure, including submarine cables and fiber-optic networks, continues to experience rapid expansion to support this growth.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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