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Key regions: France, United Kingdom, Australia, Canada, South Korea
Egypt, a country located in North Africa and the Middle East, has been experiencing a steady growth in its Enterprise Software market in recent years.
Customer preferences: In Egypt, businesses are increasingly adopting Enterprise Software to improve their operational efficiency, reduce costs, and enhance their customer experience. The demand for Enterprise Resource Planning (ERP) software, Customer Relationship Management (CRM) software, and Human Resource Management (HRM) software has been on the rise as more businesses seek to automate their processes and improve their data management capabilities.
Trends in the market: One of the key trends in the Enterprise Software market in Egypt is the increasing adoption of cloud-based solutions. This is driven by the need for businesses to access their data from anywhere, at any time, and on any device. Cloud-based solutions also offer lower upfront costs and greater scalability, making them an attractive option for small and medium-sized businesses (SMBs) in particular.Another trend in the market is the growing importance of mobile applications. With the increasing use of smartphones and tablets, businesses are looking for Enterprise Software that can be accessed on mobile devices. This has led to the development of mobile versions of ERP, CRM, and HRM software, which allow employees to access critical business information on the go.
Local special circumstances: Egypt has a large and growing population, with a significant portion of the population under the age of 30. This young and tech-savvy population is driving the demand for Enterprise Software, as businesses seek to attract and retain this demographic. Additionally, the government has been investing in the country's digital infrastructure, which has helped to drive the growth of the Enterprise Software market.
Underlying macroeconomic factors: Egypt's economy has been growing steadily in recent years, driven by a number of factors including increased investment in infrastructure, tourism, and natural gas exploration. This has led to a growing middle class, which has increased the demand for Enterprise Software among businesses. Additionally, the government has been implementing economic reforms aimed at improving the business environment, which has helped to attract foreign investment and drive the growth of the Enterprise Software market.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)