Software Industry
The software market is a growing & challenging market. The global software products market is expected to grow from $930.93 billion in 2020 to $968.25 billion in 2021 at a compound annual growth rate (CAGR) of 4%.
According to Amr Mahfouz said, ITIDA CEO, The Information and Communications Technology (ICT) sector in Egypt is very robust, with a growth rate higher than Egypt’s overall level of GDP growth, equivalent to 15.2% in the fiscal year 2019/2020 and around EGP 108 billion of revenues. Its contribution to the GDP has increased to 4.4% in the fiscal year 2019/2020 compared to 3.5% in 2018/2019. Total investments in the sector increased by 35% in 2019/2020 and reached $3.5 billion.
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