Business Intelligence Software - Egypt

In 2024, the projected revenue for the Business Intelligence Software market in Egypt is estimated to reach US$21.01m.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 8.24%, leading to a market volume of US$31.22m by 2029.
Additionally, the average Spend per Employee in the Business Intelligence Software market is projected to be US$0.63 in 2024.
When compared globally, United States is anticipated to generate the highest revenue in the Business Intelligence Software market, amounting to US$13.96bn in 2024.
Egypt's growing demand for Business Intelligence Software is driven by the need for data-driven decision making in the country's rapidly evolving business landscape.

Definition:

The Business Intelligence Software market covers software applications that support organizations in analyzing, visualizing, and reporting data. They are also used to present information in a business context and thus support rational business decisions. These applications help to access data, implement queries, create reports, and perform advanced predictive analytics.

Products in the Business Intelligence 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 Business Intelligence 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 enterprises (B2B) and governments (B2G).

Key players in this market include SAS Institute, SAP, and IBM.

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Reporting & analysis software, such as Zoho Analytics, IBM Cognos Analytics, and Domo
Advanced & predictive analytics, such as Tableau, Amazon Forecast, and Adobe Analytics

AI software platforms, such as OpenAI, Alphabet, and DeepMind
Supply chain and product analytics, such as Azure Machine Learning, Tableau, and Qlik Supply Chain Analytics
Analytic data management and integration, such as SAS, IBM, TIBCO, and DataStax
Analytics and performance management applications, such as Paycor, BambooHR, and Lattice

The market for Business Intelligence Software in Egypt is growing at a steady pace, driven by various factors that are unique to the country.

Customer preferences: Business Intelligence Software is becoming increasingly popular among Egyptian businesses due to its ability to provide data-driven insights that can help them make informed decisions. Companies are looking for software that can help them analyze large amounts of data quickly and accurately, and Business Intelligence Software provides just that. Additionally, the software's ability to integrate with other systems and provide real-time updates is another factor that is driving its popularity.

Trends in the market: One of the major trends in the Business Intelligence Software market in Egypt is the increasing adoption of cloud-based solutions. Cloud-based solutions offer several advantages over traditional on-premise solutions, including lower costs, greater flexibility, and easier scalability. This trend is expected to continue as more companies look to leverage the benefits of cloud-based solutions.Another trend in the market is the increasing use of artificial intelligence and machine learning. These technologies can help businesses analyze data more efficiently and accurately, and provide insights that would be difficult to obtain through traditional analysis methods. As these technologies become more advanced and accessible, we can expect to see more companies adopting them in their Business Intelligence Software solutions.

Local special circumstances: One of the unique factors that is driving the growth of the Business Intelligence Software market in Egypt is the country's large and growing population. With over 100 million people, Egypt has a vast market for businesses to tap into. Additionally, the country's strategic location at the crossroads of Africa, the Middle East, and Europe makes it an attractive destination for businesses looking to expand their operations.Another factor that is driving the growth of the Business Intelligence Software market in Egypt is the government's focus on digital transformation. The government has launched several initiatives aimed at promoting the use of technology in various sectors, including healthcare, education, and transportation. This focus on digital transformation is creating opportunities for businesses that offer technology solutions, including Business Intelligence Software.

Underlying macroeconomic factors: Egypt's economy has been growing steadily in recent years, driven by a combination of government reforms, foreign investment, and a growing middle class. This economic growth is creating opportunities for businesses across various sectors, including the Business Intelligence Software market. As more businesses look to expand their operations and tap into new markets, the demand for Business Intelligence Software is expected to continue to grow. Additionally, the country's young and tech-savvy population is creating a favorable environment for the adoption of technology solutions, including Business Intelligence Software.

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.

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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.