+Susen Rogen

Thursday, 20 June 2013

Egypt Information Technology Report Q3 2013:Information Technology & Telecommunication Market Research Reports

Information Technology & Telecommunication Market Research Reports
Egypt Information Technology Report Q3 2013
Jun 19th 2013, 00:00

BMI View: Egypt’s IT market has a bright medium-term outlook but is facing constraints in 2013 as fiscal consolidation, currency depreciation and credit shortages limit spending. However, even in this difficult climate, we expect overall spending to grow, and increase as a share of GDP. Market fundamentals support growth momentum, with low penetration of products and services in the retail and enterprise market meaning there is significant untapped potential. Further, the government’s ICT strategy is supportive of the market, with initiatives such as tablets for education and promotion of Egypt as an outsourcing destination boosting development. We forecast IT market …

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