Enterprise Software - Egypt

Egypt

Highlights

The projected revenue in the Enterprise Software market in Egypt is expected to reach US$207.30m in 2024.
Customer Relationship Management Software dominates the Egyptian market with a projected market volume of US$66.26m in the same year.
The revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 9.46%, leading to a market volume of US$325.80m by 2029.
Furthermore, the average Spend per Employee in the Egyptian Enterprise Software market is projected to reach US$6.26 in 2024.
In comparison to other countries, United States is expected to generate the highest revenue of US$150.50bn in 2024.
The demand for enterprise software in Egypt is rising steadily, driven by a growing economy and increasing digitalization efforts.

Key regions:

Definition:

The Enterprise Software market covers software applications designed to support essential business activities by large organizations such as enterprise resource planning, customer relationship management, business intelligence, and supply chain management.

Products in the Enterprise 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.

Structure:

The Enterprise Software market contains eight markets that are based on the functionality of the software:

Business Intelligence Software refers to software applications that support organizations to analyze, visualize, and report data.
Content Management Software refers to a wide range of software applications that support organizations to manage their digital content such as documents, images, and videos.
Customer Relationship Management Software refers to software applications that support organizations to manage their interactions with customers, clients, and prospects.
eCommerce Software refers to a wide range of software applications that support organizations to manage their online sales channels.
Enterprise Performance Management Software refers to software solutions that help organizations to manage and improve their performance across various areas, such as finance, operations, and strategy.
Enterprise Resource Planning Software refers to software applications that support organizations to manage, integrate and optimize important business activities related to resources such as people, finance, capital, materials, and orders.
Supply Chain Management Software refers to software applications that support organizations to manage their supply chain activities such as inventory optimization, supplier and vendor management, and logistic operations.
AI Development Tool Software refers to a specialized category of software designed to facilitate the creation, testing, deployment, and management of artificial intelligence (AI) models and applications.
Other Enterprise Software refers to aggregated revenues for the types of enterprise software that are not specifically mentioned in the other Enterprise Software markets, such as Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Additional Information:

The Enterprise Software market comprises revenue and revenue growth as the key performance indicators. Only 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 revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include SAP, Salesforce, Adobe, and Oracle.

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Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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.