Market Insights Technology Software Enterprise Software

Enterprise Resource Planning Software - Egypt

Egypt

Revenue in the Enterprise Resource Planning Software market is projected to reach US$39.28m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 8.86%, resulting in a market volume of US$55.16m by 2028.
The average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$1.16 in 2024.
In global comparison, most revenue will be generated in the United States (US$26,440.00m in 2024).

Key regions: Australia, South Korea, China, United States, Japan

Market

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Analyst Opinion

The Enterprise Resource Planning (ERP) Software market in Egypt has seen significant growth in recent years, with a rising number of businesses adopting ERP systems to improve their operations and increase efficiency.

Customer preferences: Many businesses in Egypt have shown a preference for cloud-based ERP systems, which offer greater flexibility, scalability, and cost-effectiveness compared to on-premise solutions. Additionally, there has been an increasing demand for mobile ERP solutions, which allow employees to access critical business data and applications on the go.

Trends in the market: One of the key trends in the ERP software market in Egypt is the adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies are being integrated into ERP systems to enable better data analysis, predictive modeling, and automation of routine tasks. Another trend is the integration of ERP systems with other business applications, such as customer relationship management (CRM) and supply chain management (SCM) systems, to create more comprehensive business management solutions.

Local special circumstances: Egypt's economy has been growing steadily in recent years, with a focus on developing the country's infrastructure and attracting foreign investment. This has created a favorable business environment for companies looking to adopt ERP systems to streamline their operations and gain a competitive edge. Additionally, the government has been actively promoting the adoption of digital technologies, including ERP systems, as part of its efforts to modernize the economy.

Underlying macroeconomic factors: Egypt's strategic location and large population make it an attractive market for businesses looking to expand their operations in the Middle East and North Africa (MENA) region. The country's favorable business environment, coupled with its young and tech-savvy population, has also made it a hub for technology startups and innovation. Additionally, the government's focus on economic reform and infrastructure development has created a conducive environment for businesses to thrive and grow.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.