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eCommerce Software - Egypt

Egypt

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 8.29% 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$4,364.00m in 2024.
Egyptian businesses are increasingly adopting eCommerce software to expand their online presence and reach a wider customer base.

Key regions: China, Japan, Germany, United Kingdom, France

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Analyst Opinion

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.

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.