Egypt Cloud Computing Market

Introduction of the Egypt Cloud Computing Market Report

Cloud computing refers to the on-demand availability of computer system resources, particularly data storage and computing power, without the direct active management by the end-users. It has changed the way businesses think about IT resources. The cloud computing has helped in reducing the capital expenses of buying hardware and software and setting up and running on-site data centers, such as the rack of servers, the round-the-clock electricity for power and cooling. The Egypt cloud computing market basically covers three service models: Infrastructure as a Service, Platform as a Service, and Software as a Service.

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Market Dynamic

Key Drivers and Emerging Trends

One of the biggest factors that is contributing to the growth of the Egypt cloud computing market share includes the strong adoption of cloud technology. With the outbreak of coronavirus, there has been an increase in the demand for cloud computing, especially in the healthcare sector. There has been an increase in the number of Healthtech start-ups in Egypt, which include Vezeeta, Smart Medical Services, Yodawy, Rology, among others. This factor is surging the demand for different service platforms such as SaaS, PaaS, and others. In addition to this, various players in the market are emphasizing expanding their presence in Egypt to cater to the growing demand of the customers. In 2019, Nokia and Telecom Egypt announced to build the first cloud infrastructure in the country exclusively for the Internet of Things (IoT) services.

The government of Egypt is focusing on expanding the data cluster in the country. The Egyptian Ministry of Communications and Information Technology (MCIT) has planned to build a giant Datacentre cluster, which will be established at the 60,000m2 Borg El Arab Technology Park, and will serve as a focal point for both East and West of the country. This data cluster will be completed in partnership with various technology leaders such as CloudFare, Giza Systems, Bright Computing, among other companies. This will open new opportunities for the growth of the cloud computing market in Egypt.

Restraints in the Egypt Cloud Computing Market

 On the other hand, the rising concern regarding data security, the increasing risk of cyber-attack, and the lack of skilled workforce are certain factor that will hamper the growth of the cloud computing market size in Egypt.

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Organization Size – Segment Analysis

Based on the organization size, the Small and Medium-sized Enterprises segment is projected to witness a higher CAGR during the forecast period. This is mainly due to the increasing adoption of cloud technologies among small and medium-sized enterprises to reduce operational cost & time.

Industry Verticals – Segment Analysis

On the basis of the industrial vertical, the Banking, Financial Services, and Insurance (BFSI) segment is expected to grow at a faster CAGR during the forecast period. The increasing demand for cloud computing to provide better customer satisfaction and reduce operational costs are the two major factors that are boosting the segment’s growth. In addition to this, the rising adoption of blockchain in the BFSI sector is another factor that is surging the cloud computing market growth.

Service Model – Segment Analysis

Based on the service model, the Software as a Service (SaaS) segment is expected to lead the market during the forecast period. This is attributed to the increasing demand for Software as a Service (SaaS), especially among the Small and Medium Enterprises (SMEs). Moreover, SMEs are moving towards the adoption of SaaS products to eliminate large-up front licensing fees and huge capital costs. The SaaS provides beneficial cost savings due to its ability to reduce license cost of hardware and software. The combination of all these factors is contributing to the market growth.

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Key Developments:

• • Huawei Cloud positions itself as the central cloud platform and industry supporter, providing an extensive array of services for diverse industry needs. With the official opening of its Cairo Cloud Region, Huawei Cloud has taken a significant step in accelerating digital transformation across Egypt and Northern Africa, becoming the first company to deploy a public cloud service in Egypt.
  • In 2020, VMware, Inc., opened its first office in Egypt to help the country in driving digital transformation across various industries such as education, healthcare, government, and other sectors, with respect to Egyptian government’s ambitious Vision 2030 agenda.

Segments covered in the Report:

The Egypt Cloud Computing Market has been segmented based on Service Model, Organisation Size, and Industry Vertical. Based on Service Model, the market is segmented into Infrastructure as a Service, Platform as a Service, and Software as a Service. Based on organisation size, the market is segmented into Small and Medium-Sized Enterprises, and Large Enterprises. Based on industry vertical, the market is segmented into Banking, Financial Services and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment¸ Healthcare and Life Sciences, and Others.

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Key questions answered in this research report:

• • At what pace is Egypt cloud computing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Egypt cloud computing market? What will be the impact of drivers and restraints in the future?
  • Which organization size generated maximum revenues in 2019 and identify the most promising organization size during the forecast period?
  • What are the various industry vertical areas of Egypt cloud computing market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Service Model, By Deployment Model, By Organization Size, By Industry Verticals
Regional Coverage	Egypt
Companies Profiled	Profiles of Top 10 Major Companies Operating in “Egypt Cloud Computing Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Egypt Cloud Computing Market by Service Model

• • Infrastructure as a Service
  • Platform as a Service
  • Software as a Service

 Egypt Cloud Computing Market by Deployment Model

• • Public Cloud
  • Private Cloud
  • Hybrid Cloud

 Egypt Cloud Computing Market by Organization Size

• • Small and Medium-Sized Enterprises
  • Large Enterprises

Egypt Cloud Computing Market by Industry Verticals

• • Banking, Financial Services and Insurance
  • IT and Telecommunications
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Others