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Economic 360 for Egypt: Growth Prospects and Emerging Opportunities in the ICT Industry
Frost & Sullivan, March 2011, Pages: 88
Egypt is a democratic country, currently witnessing political unrest. Economic growth is expected to reach the pre recession growth rate of 6.0 percent in 2011. The private-public partnership led ICT industry is segmented into telecom and IT. Government initiatives coupled with investment is likely to make Egypt an ICT hub in the Middle East. Deregulation of telecom sector has led to rise in teledensity and teleaccessibility across the country. The emerging technologies of 3G and Wi Max have demonstrated a strong potential for growth of the industry. The domestic ICT industry is likely to face increased competition from international entrants like Intel and IBM which are expected to establish technical innovation centers in Egypt
Research Overview
As an enabler of growth, development and modernisation, the information and communications technology (ICT) industry is increasingly becoming the core of national competitiveness in countries all over the world. Innovations in this industry are crucial for advances in product and process development in other industries. It has been instrumental in helping middle-income countries leapfrog to higher levels of development by accelerating economic growth, stimulating foreign exchange earnings through exports and creating significant employment opportunities. Emerging countries have given a thrust to their ICT industries by including measures and stimulus packages. Globalisation has expanded opportunities for ICT industries across geographies through various trade agreements. Overall, the ICT industry has revolutionised the economic growth path and is encouraging the global integration of nations.
Egypt strategically serves as the link between the Mediterranean, Europe, Africa, Asia and the Arab countries. It has already emerged an attractive investment destination for ICT and is well on its way to becoming a leading global outsourcing hub. It has been attracting unprecedented foreign direct investments (FDIs) from several multinational companies such as Wipro, Stream Teleperformance and Vodafone. The industry signed a major deal in 2010 with IBM, which invested in 1,500 full-time equivalents (FTEs) in global delivery centres that employed high-level IT consultants.
The Government is striving to create state-of-the art infrastructure to make the ICT industry globally competitive. It is channelling considerable funds into telecom and IT services and have initiated prominent programmes such as Smart School Network (SSN), Egyptian Education Initiatives (EEI), National Healthcare Capacity Building (NHCB) project, national land registration system projects and the Egyptian Geography Network (EGN). The escalating demand for mobile phones has also thrown open partnership opportunities with the state-owned incumbent, Telecom Egypt, to ensure dissemination of mobile technology expertise and services throughout the country. The software industry reflects strong potential for global system for mobile communication (GSM) solutions and applications, while voice over Internet Protocol (VoIP) technology is also expected to gain traction as a popular communication technology.
Frost & Sullivan’s Economic 360 perspective for the Information and Communications Technology industry provides vital inputs for evaluating the micro and macro aspects of the ICT industry. Apart from enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth research.
Benefits
The following benefits are offered by this research:
Identify New Market Opportunities
The trends of the economic environment of Egypt have been analysed along with their impact on the ICT industry. This analysis will provide valuable information to industry participants on opportunities in specific segments of the industry in Egypt.
Understand Future Industry Trends
The research service gives an insight into Egypt’s ICT industry, one of the most dynamic markets, discusses its dependence on the prevailing economic scenario and describes the various infrastructure developments in the industry. This will help industry participants to gauge the future direction of the market, enabling them to devise appropriate market strategies to improve market share.
Comprehend the Economic Environment
A detailed analysis of the economic framework of Egypt’s ICT industry offers insights into the economic parameters as they exist and the future direction of the same. This is particularly beneficial in the case of the ICT industry, as these economic indicators are important criteria for industry performance.
Devise Country Entry Strategies
The research service provides valuable information and analysis of the strengths and weaknesses of the economy of Egypt, which are relevant to the ICT industry. This is particularly useful in devising country-specific strategies for industry participants.
Evaluate Industry Segment Potential
This research service offers detailed coverage of the economic and infrastructure indicators affecting the industry and their future direction. It provides both country and industry trends and forecasts for major variables and is an excellent tool for companies that plan to enter new geographic markets. This will help corporate planners in developing accurate business plans.
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