Egypt Information & Communication Technology (ICT) Industry Market Report
- The Trade Adviser
- Jun 20, 2024
- 1 min read
Updated: Jun 14
The Information & Communication Technology (ICT) sector in Egypt is a vital driver of economic growth and digital transformation, facilitating connectivity, innovation, and development across various industries. As of 2023, the ICT sector is valued at approximately USD 10 billion, with telecommunications, internet services, and ICT solutions being the primary components (source: Egyptian Ministry of Communications and Information Technology).
The sector has seen an annual growth rate of 12% over the past five years, driven by increasing mobile penetration, internet usage, and digital innovation. Egypt's GDP stood at USD 403 billion in 2022, with the ICT sector accounting for about 2.5% of the total (source: World Bank). The future growth potential of the sector is substantial, with projections indicating that the market could reach USD 20 billion by 2030, supported by ongoing investments in infrastructure and digital services.
