Market Insights Technology Cybersecurity Security Services

Managed Services - Egypt

Egypt

The Managed Services market in Egypt is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$16.81m in 2024.
Furthermore, it is anticipated that the market will showcase a steady annual growth rate (CAGR 2024-2029) of 6.35%, resulting in a market volume of US$22.87m by 2029.
When it comes to the average Spend per Employee in the Managed Services market, it is projected to reach US$0.51 in 2024.
This indicates the amount spent on each employee within this industry.
In a global context, it is worth noting that United States is expected to generate the highest revenue in the Managed Services market.
In 2024, it is projected to reach a staggering US$10,260.0m.
This highlights the significant market potential and dominance of the United States in this sector.
Egypt has seen a significant increase in demand for managed services, with businesses seeking comprehensive IT solutions to enhance efficiency and streamline operations.

Key regions: India, Germany, Canada, Europe, Belgium

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Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.