Software as a Service - Egypt | Statista Market Forecast

Revenue in the Software as a Service market is projected to reach US$86.85m in 2024.
0.0 dominates the market with a projected market volume of 0.0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 30.04%, resulting in a market volume of US$323.00m by 2029.
In global comparison, most revenue will be generated United States (US$187.20bn in 2024).

Definition:

Software as a Service (SaaS) refers to the type of public cloud service that delivers software applications over the internet on a subscription basis. Users can access and use the software through web browsers without having to install or maintain it locally. SaaS eliminates the need for purchasing, installing, and updating software, thus offering convenience and automatic updates while allowing users to focus on using the software to meet their requirements. The SaaS market includes the companies that provide these types of cloud-based software resources and services to individuals, businesses, and organizations. A typical example of this type of service is Microsoft Office 365, an SaaS suite of applications (e.g., Word, Excel, and PowerPoint) available for purchase by subscription and accessible via a web browser.

Additional Information:

The Software as a Service (SaaS) market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the SaaS market include companies such as Microsoft (Office 365), Salesforce (Customer 360), Oracle (Cloud applications), and IBM (Cloud).

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Enterprise software, such as SAP ERP, Oracle ERP Cloud, Salesforce CRM, and Microsoft Dynamics365
Productivity software, such as Microsoft 365, Google Workspace, and Adobe Creative Cloud

System infrastructure software, such as Microsoft Windows Operating System and Linux Operating System
On-premises software, such as on-premises versions of Microsoft Office, SAP ERP, and Oracle Database
Business-Process-as-a-Service (BPaaS), such as payroll management and accounting solutions via ADP Workforce Now, Intuit QuickBooks Online, Workday, and Oracle NetSuite

The Public Cloud market in Egypt has witnessed a negligible decline in growth rate. Factors such as increasing adoption of Software as a Service, rising awareness about its benefits, and the convenience of online services have contributed to this trend.

Customer preferences: The Software as a Service Market within the Public Cloud Market in Egypt has seen a significant rise in demand for remote work and collaboration tools, as well as cloud-based solutions for e-learning and virtual events. This trend is driven by the country's large youth population and the increasing adoption of digital technology in education and business. Moreover, the COVID-19 pandemic has accelerated the shift towards online platforms, as individuals and organizations look for ways to stay connected and productive while adhering to social distancing measures.

Trends in the market: In Egypt, the Software as a Service Market within the Public Cloud Market is experiencing a surge in demand, driven by the increasing adoption of cloud computing and digital transformation initiatives in the public sector. This trend is expected to continue, with more organizations looking to leverage the benefits of SaaS solutions, such as cost savings, scalability, and flexibility. As a result, we can expect to see a rise in the number of partnerships and collaborations between cloud service providers and government agencies, as well as an increased focus on data security and compliance in the SaaS market. These developments will have significant implications for industry stakeholders, as they navigate the evolving landscape and seek to capitalize on the opportunities presented by this growing market.

Local special circumstances: In Egypt, the Software as a Service Market within the Public Cloud Market is seeing a surge in demand due to the country's growing tech-savvy population and favorable government policies promoting digital transformation. Additionally, the country's unique geographical location at the crossroads of three continents makes it an ideal location for data centers and cloud infrastructure. This, coupled with its young and skilled workforce, provides a competitive advantage for the growth of the market. Furthermore, Egypt's increasing internet penetration and rising adoption of mobile devices have created a conducive environment for the development of cloud-based services, making it a key player in the regional market.

Underlying macroeconomic factors: The growth of the Software as a Service Market within the Public Cloud Market is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in digital technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for efficient and cost-effective software solutions, as well as the growing trend of remote work and digital transformation, are driving the adoption of Software as a Service in the public cloud market in Egypt. These factors are expected to continue to shape the growth of the market in the coming years.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

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

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.