Office Software - Egypt | Statista Market Forecast

The Office Software market in Egypt is expected to witness significant growth in the coming years.
According to projections, the revenue is anticipated to reach US$17.14m in 2024.
This growth is further expected to continue at a compound annual growth rate (CAGR 2024-2029) of 7.02%, leading to a market volume of US$24.06m by 2029.
In terms of global comparison, United States is expected to generate the highest revenue in the Office Software market, with a projected revenue of US$15.24bn in 2024.
Egypt's office software market is experiencing a surge in demand for cloud-based solutions, as businesses prioritize remote work and collaboration.

Definition:

The Office Software market covers software applications that are used for productivity and work-related tasks in an office environment such as word processing, spreadsheet management, and presentation creation in both personal and professional environments.

Products in the Office 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 Office 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 Microsoft and Google.

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Word-processing, such as Microsoft Word, LibreOffice, and Grammarly
Spreadsheet-software, such as Google Sheets, Microsoft Excel, and Zoho Sheet
Visualization software, such as Microsoft Power BI, Tableau, and Infogram
Consumer and enterprise spend, such as Airbase, Spendesk, and Procurify

Creative software, such as Adobe, Canva, and Apple
Free-of-charge software, such as Airtable, Anaplan, and BlackLine

The popularity of office software in Egypt has been on a steady rise in recent years.

Customer preferences: Egyptian customers have shown a growing preference for office software that is both affordable and easy to use. This has led to an increase in demand for free or low-cost office software alternatives, such as Google Docs and OpenOffice, which are becoming more widely used across the country. Additionally, there has been a shift towards cloud-based office software solutions, as they offer greater flexibility and accessibility for users.

Trends in the market: One of the key trends in the office software market in Egypt is the increasing adoption of mobile office software solutions. With the rise of smartphones and tablets, more and more users are looking for office software that is compatible with their mobile devices. This has led to the development of a range of mobile office software applications that are specifically designed for use on these devices.Another trend in the market is the growing popularity of open-source office software solutions. These solutions offer users a range of benefits, including cost savings, greater flexibility, and increased security. As a result, more and more companies and individuals in Egypt are turning to open-source office software solutions as a viable alternative to proprietary software.

Local special circumstances: Egypt has a large and growing population of young, tech-savvy individuals who are increasingly reliant on technology in their daily lives. This has created a strong demand for office software that is both affordable and easy to use, as younger users are often more price-sensitive and less experienced with complex software applications.Additionally, Egypt has a large and growing small business sector, which has also contributed to the increasing demand for office software. Many small businesses in Egypt are looking for affordable and easy-to-use office software solutions that can help them manage their day-to-day operations more efficiently.

Underlying macroeconomic factors: Egypt has been experiencing steady economic growth in recent years, which has helped to drive the growth of the office software market. As the economy continues to grow, more and more individuals and businesses are looking for ways to improve their productivity and efficiency, which has led to an increase in demand for office software solutions.Furthermore, the Egyptian government has been investing heavily in technology infrastructure in recent years, which has helped to create a more favorable environment for the growth of the office software market. This investment has included the development of high-speed internet networks, the expansion of mobile networks, and the establishment of technology parks and innovation hubs across the country.

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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