Egypt ICT Market Size to Hit USD 39,712.3 Million, Globally, by 2033 at 4.09% CAGR

Egypt ICT Market Overview

Market Size in 2024: USD 27,685.0 Million

Market Size in 2033: USD 39,712.3 Million

Market Growth Rate 2025-2033: 4.09%

According to IMARC Group’s latest research publication, “Egypt ICT Market Size, Share, Trends and Forecast by Components, Material Used, End User, and Region, 2025-2033”, 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

• AI Infrastructure Expansion: AI models in Egypt's National AI Strategy 2025-2030 optimize cloud computing for telecom firms like Vodafone Egypt, cutting data processing costs by 25% and supporting 5G rollout in Cairo's urban networks.
• Talent Development Platforms: AI-driven upskilling tools train 30,000 professionals annually, boosting ICT productivity by 20% as per MCIT initiatives, fostering 250+ AI startups in Alexandria's tech hubs.
• Smart City Simulations: AI agents enhance urban planning in New Administrative Capital, improving traffic efficiency by 30% through predictive analytics, aligning with Digital Egypt's governance pillar.
• Healthcare AI Diagnostics: Machine learning integrates with ICT for real-time patient monitoring in Nile Delta hospitals, reducing diagnostic errors by 15% and expanding telemedicine access to 81.9% internet users.

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Egypt ICT Market Trends & Drivers:

Digital platforms propel 40% of Egypt’s ICT market growth, with cloud and 5G services driving $23.60 billion in revenue through AI-enhanced connectivity. Cairo and Alexandria lead, as the National AI Strategy integrates smart infrastructure, boosting efficiency by 25% for 70% of SMEs. This trend enhances accessibility, cutting operational costs by 20% and aligning with 98% mobile penetration, positioning Egypt as a hub for tech innovation amid rising digital exports to $8.5 billion.

Cybersecurity and data analytics fuel 30% market expansion, with MCIT's $13 billion investment in 2025/2026 promoting secure cloud solutions. Initiatives like "Our Future is Digital" train 600,000 in ICT skills, appealing to 60% of enterprises prioritizing data governance. Government support, including innovation hubs in 60% of governorates, fosters AI applications in finance and agriculture, aligning with global standards in the $23.60 billion sector.

Urbanization and economic diversification drive 35% demand surge, with the ICT market backed by 15 million internet users. Egypt’s 4,000 infrastructure projects and Digital Egypt vision spur mobile tower expansions to 40,000, supported by 17.61% annual growth. High-value segments, with 65% for telecom and IT services, leverage policy reforms, cementing Egypt’s role as a MENA digital leader.

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: Minister Rania Al-Mashat announces LE 13 billion public investment in ICT for 2025/2026, targeting 31% digital government service usage and 600,000 ICT trainees nationwide.
• January 2025: President El-Sisi launches National AI Strategy 2025-2030, aiming to raise ICT's GDP contribution to 7.7% by 2030 through 250 AI startups and 30,000 skilled professionals.
• February 2025: MCIT partners with Capgemini to establish an AI Center of Excellence in Cairo, planning to double the workforce to 1,200 by year-end for global generative AI solutions.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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