Creative Software - Egypt | Statista Market Forecast

The Creative Software market in Egypt is expected to witness a significant increase in revenue, reaching US$5.73m by the year 2024.
This growth is projected to continue with an annual growth rate (CAGR 2024-2029) of 6.29%, leading to a market volume of US$7.78m by 2029.
When compared to other countries worldwide, United States is anticipated to generate the highest revenue in the Creative Software market, amounting to US$4.93bn in 2024.
Egypt's creative software market is witnessing a surge in demand as local talent embraces digital tools to showcase their artistic skills.

Definition:

The Creative Software market covers software applications designed to support tasks such as graphic design, video editing, 3D modeling, music composition, and photo editing and are used for content creation, design, and media production.

Products in the Creative 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 Creative 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 consumers (B2C), enterprises (B2B) as well as governments (B2G).

Key players in this market include Adobe and Corel.

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Sound & video recording software, such as OBS Studio, Camtasia, and Riverside
Image & video editing software, such as Adobe Premiere Pro, DaVinci Resolve, and Final Cut Pro

Free-of-charge software, such as Airtable, Anaplan, and BlackLine
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The Creative Software market in Egypt has been experiencing a steady growth in recent years.

Customer preferences: Egyptian customers are increasingly interested in using creative software for various purposes, including graphic design, video editing, and animation. This trend is driven by the growing number of small and medium-sized businesses in the country that require creative content for their marketing and advertising campaigns. Additionally, the rise of social media platforms has created a demand for visually appealing content, further fueling the growth of the creative software market.

Trends in the market: One of the key trends in the Creative Software market in Egypt is the increasing popularity of cloud-based software. This trend is driven by the growing number of businesses that are adopting cloud computing technology in order to reduce costs and improve efficiency. Cloud-based software also allows users to access their projects from anywhere, making it a convenient option for freelancers and remote workers.Another trend in the market is the growing demand for mobile-friendly software. With the increasing use of smartphones and tablets in Egypt, customers are looking for software that is optimized for mobile devices. This trend is particularly relevant for graphic design software, as many customers want to be able to create and edit designs on the go.

Local special circumstances: Egypt has a large and growing population of young people, many of whom are interested in pursuing careers in the creative industries. This has created a demand for creative software that is both affordable and easy to use. Additionally, the government has been investing in the development of the country's technology sector, which has helped to create a favorable environment for software developers and tech startups.

Underlying macroeconomic factors: Egypt's economy has been growing steadily in recent years, driven by a combination of government reforms and private sector investment. This has created a favorable environment for businesses operating in the country, including those in the technology sector. Additionally, the country's large and growing population represents a significant market for software developers, providing opportunities for growth and expansion.

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.