Application Development Software - Egypt

Egypt

The Application Development Software market in Egypt is expected to witness a significant growth in revenue, reaching a projected value of US$137.40m in 2024.
Furthermore, this market segment is anticipated to exhibit a compound annual growth rate (CAGR 2024-2029) of 9.18%, culminating in a market volume of US$213.20m by 2029.
In terms of global comparison, United States is projected to generate the highest revenue in this sector, amounting to US$91,950.00m in 2024.
Egypt's growing tech sector is driving demand for application development software, fueling innovation and tech entrepreneurship in the country.

Key regions: United Kingdom, United States, Australia, France, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The Application Development Software market in Egypt has been experiencing steady growth in recent years.

Customer preferences: Egyptian customers have been increasingly interested in developing their own software applications, which has led to a rise in demand for application development software. Additionally, with the growth of the startup ecosystem in Egypt, more entrepreneurs are seeking to develop their own software to support their businesses.

Trends in the market: One trend in the Egyptian market is the rise of cloud-based application development software, which allows for greater flexibility and scalability. Another trend is the increasing use of low-code and no-code platforms, which enable developers to create applications without extensive coding knowledge. Finally, there has been a growing interest in open source software, which is seen as a more cost-effective and customizable option for businesses.

Local special circumstances: Egypt has a large and growing population of young, tech-savvy individuals, which has helped to drive demand for application development software. Additionally, the government has been investing in the technology sector in recent years, which has helped to create a more supportive environment for startups and businesses.

Underlying macroeconomic factors: Egypt's economy has been growing steadily in recent years, which has helped to create a more stable environment for businesses. Additionally, the country's strategic location and well-developed infrastructure make it an attractive destination for international companies looking to expand into the region. Finally, Egypt's large and growing population provides a significant market for software developers and businesses.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was 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, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, 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.