This growth is expected to take place against the backdrop of a noticeable reduction in severe economic pressures.
Fitch Solutions forecasts the growth of Egypt’s information technology market, projecting it will expand from $3.5 billion in 2025 to $9.2 billion by 2031, driven primarily by the software and services sectors.
The report highlights that the Egyptian IT market is set to enter a phase of strong growth, fueled by improvements in macroeconomic indicators and increased government investments in digital infrastructure and large-scale development projects.
This growth is expected to take place against the backdrop of a noticeable reduction in severe economic pressures.
The report also predicts an average annual GDP growth rate of 4.3% from 2025 to 2029, which will further support the expansion of Egypt’s IT market.
Additionally, the report emphasizes the government's ongoing efforts and initiatives aimed at enhancing digital transformation.
These include public investments totaling EGP 13 billion ($256 million) for the current fiscal year, focused on upgrading critical digital infrastructure, such as network security, building 40,000 new mobile towers, expanding the digitization of government services, and launching training programs benefiting over 600,000 professionals.
