Application Development Software - 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$91.95bn in 2024.
Egypt's growing tech sector is driving demand for application development software, fueling innovation and tech entrepreneurship in the country.

Definition:

The Application Development Software market covers software development tools used by developers to design, create, test, and deploy applications. These applications can be anything from mobile apps and web-based software to complex enterprise applications. Examples of software solutions in the Application Development Software market include a wide range of tools and technologies, such as integrated development environments (IDEs), code editors, compilers, debuggers, testing and deployment tools, and programming languages.

Products in the Application Development Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Application Development Software market comprises revenue and revenue growth as the key performance indicators. Only the 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 the 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).

Key players in this market include Microsoft (Visual Studio), Eclipse, IntelliJ IDEA, NetBeans, and Xcode.

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Application development software, such as Simplifier, Salesforce Platform, and Microsoft Visual Studio
Application and infrastructure middleware, such as Oracle Fusion Middleware, IBM WebSphere Application Server, and Microsoft BizTalk Server
Data management software, such as AWS, SAP Master Data Governance, and SQL Server Integration Service
Application platforms, such as Zoho Creator, Quickbase, and Salesforce Platform
Platform as a service (PaaS), such as Microsoft Azura, Google Cloud, and Engine Yard

Collaboration software, such as Google, Slack, and Zoom
Business intelligence and analytic software, such as Tableau, Zoho Analytics, and IBM
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

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.

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.

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

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.