Egypt ICT Market: Cloud Adoption, 5G Rollout & Technology Investment Trends

According to IMARC Group's latest research publication, The Egypt ICT market size reached USD 27,685.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 39,712.3 Million by 2033, exhibiting a growth rate (CAGR) of 4.09% during 2025-2033.

How AI is Reshaping the Future of Egypt ICT Market

• Accelerating Digital Government Services: AI-powered platforms are transforming public administration, with the Ministry of Planning investing EGP 13 billion to digitize government services across 40,000 new mobile towers nationwide.
• Driving Smart City Development: Egypt's new administrative capital integrates AI systems for traffic management, energy optimization, and public safety, requiring advanced ICT infrastructure across multiple government districts.
• Boosting Fintech Innovation: AI-enabled payment platforms like Fawry, Instapay, and Vodafone Cash are processing millions of daily transactions, pushing demand for secure cloud infrastructure and data analytics solutions.
• Training Digital Talent: The "Our Future is Digital" initiative is training 100,000 young Egyptians in AI-related skills including data analysis, machine learning, and digital marketing, building the workforce for tomorrow's ICT sector.

Egypt ICT Market Trends & Drivers:

The ICT sector is witnessing great momentum with the Digital Egypt Strategy being part of Vision 2030. The Ministry of Communications and Information Technology is leading the ICT sector by implementing several major projects such as building 40,000 new mobile towers, improving the secure government networks amongst many others. The sector is the fastest growing sector with revenues of USD 6.5 billion, for five consecutive years.

With a youth population and internet penetration rate of over 70 million users, and 740,000 graduates a year (28% of whom are educated in science, technology, engineering and mathematics), India is experiencing massive growth in digital services and innovation in new industries. Mobile connectivity is common, and online banking and shopping are common. The startup scene is active and growing with USD 61 million invested in Q1 alone, an increase of 15% on the previous year. Fintech, e-commerce and logistics businesses are being courted by the likes of Google for Startups and leading European capital, proving that Egypt's digital economy is driven by the market, not the government.

There has also been unprecedented growth across the ICTs due to the boom in e-commerce and digital payment channels. E-commerce marketplaces have been growing exponentially, with billions of dollars flowing through online markets. To sustain this growth, an array of ICT infrastructures such as cloud computing, cybersecurity, payment gateways, logistics have been required. Egyptians use their phones to pay for everyday purchases and businesses are upgrading ICT infrastructure. Point of sale technology is expanding in larger retail chains and QR code technology is being installed in smaller shops and outlets.

Discover Fresh 2026 Data-Driven Market Insights

Egypt ICT Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Hardware
• Software
• IT Services
• Telecommunication Services

Size of Enterprise Insights:

• Small and Medium Enterprises
• Large Enterprises

Industry Vertical Insights:

• BFSI
• IT and Telecom
• Government
• Retail and E-commerce
• Manufacturing
• Energy and Utilities
• Others

Regional Insights:

• Greater Cairo
• Alexandria
• Suez Canal
• Delta
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Egypt ICT Market

• April 2025: The Ministry of Planning announced a major public investment of EGP 13 billion to upgrade digital infrastructure, including secure government networks, 40,000 mobile towers, and comprehensive digitization of public services across Egypt.
• May 2025: Egypt launched new tax-free zones specifically designed to boost tech startups and retain local talent, following successful free zone models from the Gulf region and attracting increased foreign investment interest.
• August 2025: Eight Egyptian startups received selection for the latest Flagship Start IT programme, each receiving EGP 480,000 in funding plus mentorship through TIEC, focusing on AI, fintech, and enterprise software solutions.

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