Egypt’s IT market to grow from $3.5B in 2025 to $9.2B by 2031

Fitch Solutions predicts significant growth for Egypt’s information technology market, forecasting it will rise from $3.5 billion in 2025 to $9.2 billion by 2031, primarily driven by the software and services sectors.

The report suggests that the Egyptian IT market is on track to experience strong growth, propelled by improvements in key economic indicators and increased government investments in digital infrastructure and major development projects. This growth comes amid a notable easing of severe economic pressures.

Additionally, the report forecasts an average annual GDP growth rate of 4.3 percent between 2025 and 2029, which is expected to further support the growth of the IT sector.

The government’s commitment to boosting digital transformation is also highlighted in the report, with public investments amounting to LE 13 billion ($256 million) for the current fiscal year.

These funds are focused on enhancing vital digital infrastructure, including network security, the construction of 40,000 new mobile towers, expanding the digitization of government services, and launching training programs for over 600,000 professionals.