DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/65d0f8/egypt_information) has announced the addition of Business Monitor International's "Egypt Information Technology Report Q4 2011" report to their extensive offering of IT market research publications.
Egypt's IT (information technology) spending is expected to increase from US$1.6bn in 2011 to US$3.0bn by 2015. Business Monitor International (BMI) forecasts that the Egyptian IT market will grow at a double-digit rate in 2011, despite increased uncertainty following the events of February 2011. The political disturbances caused disruption to IT supply networks and led to delays in some IT projects.
Business Monitor International's Egypt Information Technology Report provides industry professionals and strategists, corporate analysts, information technology associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Egypt's information technology industry.
Over BMI's five-year forecast period, Egypt will benefit from youthful demographics and improving information and communication technology (ICT) infrastructure, despite several constraints and a suboptimal distribution network outside Cairo. The Egyptian market is one of the most resilient in the region, but prolonged instability could have an impact on the country's outsourcing sector.
Software
Overall spending on software remains rather low, being projected at US$219mn in 2011. Access to credit remains a barrier for smaller Egyptian companies, but initiatives such as that launched by the Bank of Alexandria in 2010 will help smaller Egyptian companies invest in IT. Overall spending on software remains rather low, with the estimated 14% share of total Egyptian IT spending on software reflecting the relative immaturity of Egypt's IT market.
Services
IT services revenues are forecast at around US$380mn in 2011, accounting for about 24% of Egypt's total spending on IT. A market CAGR of 19% is projected for the forecast period through 2015. The Egyptian IT services market is dominated by demand from government, finance and telecoms sectors, which account for more than half of total spending.
Vulnerable sectors include construction and real estate. Government spending, the largest segment, is projected to be maintained, or even increased, as a countercyclical stimulus to flagging domestic demand. One key driver is likely to be the continued expansion of Egypt as an international outsourcing destination.
Companies Mentioned:
- IBM Egypt
- Raya Holdings
- Oracle
- HP
- Microsoft
For more information visit http://www.researchandmarkets.com/research/65d0f8/egypt_information.