eCommerce Software - Egypt | Statista Market Forecast

In Egypt, the revenue of the eCommerce Software market is estimated to reach US$4.03m in 2024.
It is anticipated that the market will experience an annual growth rate of 8.32% from 2024 to 2029, resulting in a market volume of US$6.00m by 2029.
Moreover, the average spend per employee in the eCommerce Software market is projected to be US$0.12 in 2024.
Comparatively, United States is expected to generate the highest revenue in the global market, amounting to US$4.36bn in 2024.
Egyptian businesses are increasingly adopting eCommerce software to expand their online presence and reach a wider customer base.

Definition:

The eCommerce Software market covers a wide range of software applications that support organizations in managing their online sales channels. These solutions typically include features for managing product catalogs, automation of shopping carts, order management, inventory management, and handling order fulfillment.

Products in the eCommerce Software market are most commonly available in the forms of cloud-based software and subscription services.

Additional Information:

The eCommerce 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 Shopify, Salesforce, SAP, and Adobe.

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eCommerce software, such as BigCommerce, Shopify, WooCommerce, Salesforce Commerce Cloud, and Volusion
Product management, such as Jira Software (Atlassian) and CollabNet VersionOne
User accounts management, such as Microsoft, Okta, and OneLogin
Order management, such as SAP Order Management, Microsoft Dynamics 365 Commerce, and NetSuite Order Management

Administrative Software, such as ADP, Gusto, Workday, and SAP
Office Software, such as Microsoft, Google, and Zoho

Egypt, a country located in North Africa, has been experiencing a growth in its eCommerce Software market in recent years.

Customer preferences: Egyptians have been increasingly turning to online shopping due to the convenience it offers. The country has a large young population who are tech-savvy and prefer to shop online. Additionally, the COVID-19 pandemic has accelerated the shift towards online shopping as people are avoiding physical stores to reduce the risk of contracting the virus.

Trends in the market: The eCommerce Software market in Egypt has been growing due to the increasing number of businesses adopting eCommerce platforms. Small and medium-sized enterprises (SMEs) are also increasingly adopting eCommerce platforms as they seek to reach a wider customer base. Furthermore, the government has been investing in the country's digital infrastructure, which has helped to support the growth of the eCommerce Software market.

Local special circumstances: Egypt has a large population of over 100 million people, which presents a significant market for eCommerce Software providers. Additionally, the country's strategic location makes it a gateway to the Middle East and Africa, providing an opportunity for eCommerce Software providers to expand their reach beyond Egypt.

Underlying macroeconomic factors: Egypt has been experiencing economic growth in recent years, which has helped to support the growth of the eCommerce Software market. Additionally, the government has been implementing economic reforms aimed at improving the business environment, which has attracted foreign investment into the country. The growth of the eCommerce Software market is also being supported by the increasing availability of high-speed internet and mobile devices, which are essential for online shopping.

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.