Egypt’s IT spending is expected to increase from US$1.4bn in 2010 to US$2.6bn by 2014. BMI forecasts that Egyptian IT market growth will remain below pre-economic crisis levels in 2010. Growth is expected to bounce back in 2010/2011 as the external and public sectors lift the Egyptian economy, but unemployment and the threat of inflation could act as an inhibitor
on spending.
Over BMI’s five-year forecast period, Egypt will also benefit from youthful demographics and improving information and communication technology (ICT) infrastructure, despite a number of constraints and a sub-optimal distribution network outside Cairo. The Egyptian market is one of the most resilient in the region, but a steep fall in imports in 2009 provided a warning that the impact of the global slowdown on consumption may not have played out yet.
In 2010, a number of factors should help IT spending growth to recover, including new hardware and software upgrade cycles as well as sales of Microsoft’s new Windows 7 operating system. Economic recovery, tenders delayed from 2009 and higher incomes boosted by pay raises for civil servants and other groups should help to keep IT sales on an upward trajectory.
Source:http://www.live-pr.com/en/new-market-research-report-egypt-information-r1048516548.htm
