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: Industry Trends, Share, Size, Growth, Opportunity and Forecast 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

• 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.
• Enhancing Startup Capabilities: Technology Innovation and Entrepreneurship Centre (TIEC) supports AI-driven startups with funding packages worth EGP 480,000 per company, accelerating innovation in healthcare, logistics, and e-commerce sectors.

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Egypt ICT Market Trends & Drivers:

Egypt's ICT sector is experiencing massive momentum thanks to the government's Digital Egypt initiative under Vision 2030. The Ministry of Communications and Information Technology is leading the charge with serious infrastructure investments—we're talking about 40,000 new mobile towers being rolled out and secure government networks getting major upgrades. The sector generated USD 6.5 billion in revenue and continues to be the fastest-growing segment for five consecutive years. What's really exciting is how this is creating opportunities across the board, from telecommunications to software development, with private companies jumping in to build everything from mobile payment apps to cloud platforms.

The country's young, tech-savvy population is fueling incredible growth in digital services. With over 70 million internet users and 740,000 graduates entering the workforce annually—28% of them with STEM backgrounds—there's both demand and talent to drive innovation. Mobile penetration is sky-high, and people are embracing digital solutions for everything from banking to shopping. The startup scene is buzzing too, with funding hitting USD 61 million in Q1 alone, up 15% from the previous year. Companies in fintech, e-commerce, and logistics are attracting serious attention from investors including Google for Startups and major European funds, proving that Egypt's digital transformation isn't just government-led—it's market-driven.

E-commerce and digital payments are creating a ripple effect across the entire ICT ecosystem. The e-commerce market alone is booming, with platforms processing billions in transactions and creating demand for robust ICT infrastructure—think cloud computing, cybersecurity, payment gateways, and logistics tech. Digital payment adoption is skyrocketing, with millions of Egyptians now using mobile wallets and electronic payment systems for everyday purchases. This shift is forcing businesses to upgrade their ICT capabilities, from retail chains implementing point-of-sale systems to small merchants adopting QR code payments. The government's push to reduce cash transactions and the launch of the national Meeza card are accelerating this trend, making ICT solutions essential for anyone doing business in Egypt.

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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