Collaboration Software - Egypt | Statista Market Forecast

The Collaboration Software market in Egypt is expected to witness a significant increase in revenue, with projections indicating that it will reach US$11.10m by 2024.
Moreover, this market segment is expected to exhibit a steady annual growth rate of 5.56% from 2024 to 2029, resulting in a market volume of US$14.54m by the end of the forecast period.
In terms of global comparison, United States is projected to generate the highest revenue in the Collaboration Software market, with an estimated value of US$7.84bn in 2024.
In Egypt, the demand for collaboration software is on the rise as businesses seek efficient ways to streamline communication and enhance teamwork.

Definition:

The Collaboration Software market covers software applications that are used to facilitate communication and collaboration among teams and individuals within an organization through various channels, such as email, instant messaging, video conferencing, and file sharing.

Products in the Collaboration 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 Collaboration Software market comprises revenue, revenue growth, and key player market shares 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 consumers (B2C), enterprises (B2B) as well as governments (B2G).

Key players in this market include Zoom, Cisco, Slack, and LogMeIn.

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Team collaboration applications, such as Slack, Jira, and Trello
Conferencing applications, such as Zoom, Skype, and Microsoft Teams
Email applications, such as Microsoft Outlook, Amazon WorkMail, and Yahoo Business Mail
Synchronization software, such as NinjaOne, Cato Networks Suite, and ManageEngine ADManager Plus
Sharing software, such as Google Drive, Dropbox, and OneDrive

Social networks, such as Yammer, Twitter, and Buffer
Free-of-charge software, such as Airtable, Anaplan, and BlackLine
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

Collaboration software is an essential tool for businesses worldwide, and Egypt is no exception. The market for collaboration software in Egypt has been steadily growing over the years, driven by various factors.

Customer preferences: Egyptian businesses are increasingly adopting collaboration software to improve their productivity and efficiency. With the rise of remote work and the need for seamless communication among team members, collaboration software has become a go-to solution for many businesses. Additionally, businesses are looking for software that is easy to use, secure, and offers a wide range of features to help them collaborate effectively.

Trends in the market: One of the major trends in the collaboration software market in Egypt is the adoption of cloud-based solutions. Cloud-based collaboration software offers several benefits, including easy access to data from anywhere, real-time collaboration, and reduced IT costs. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) into collaboration software. AI and ML can help businesses automate routine tasks, improve decision-making, and enhance the overall productivity of the team.

Local special circumstances: Egypt has a young and tech-savvy population, which is driving the adoption of collaboration software. The country also has a growing startup ecosystem, with many startups using collaboration software to manage their operations. Additionally, the government has been promoting the use of technology in various sectors, including education and healthcare, which is expected to drive the demand for collaboration software in these sectors.

Underlying macroeconomic factors: Egypt's economy has been growing steadily over the years, driven by various economic reforms and investments in infrastructure. The country's GDP is expected to continue growing in the coming years, which is expected to drive the demand for collaboration software. Additionally, the government has been investing in the development of the country's digital infrastructure, which is expected to create new opportunities for collaboration software providers.In conclusion, the collaboration software market in Egypt is growing steadily, driven by the need for businesses to collaborate effectively and efficiently. The adoption of cloud-based solutions and the integration of AI and ML are some of the major trends in the market. Egypt's young and tech-savvy population, growing startup ecosystem, and government initiatives to promote technology adoption are also driving the demand for collaboration 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.