The Egypt Software House Service Market: Segments and Recent Developments

Published: Jan 2023

A software house is an institution that provides specialized services in software products for both commercial and consumer software, based on their customer base's needs and the framework for a software release. Several factors are assisting the growth of the Egypt software house service market’s growth. For instance, data breaches and data-related risks are on the rise as a result of enhanced IT infrastructure, which has fueled demand for sophisticated security solutions and driven market growth. Besides, the rise in the proliferation of online portals by several organizations, the increase in data centers, high-speed internet services, and others are also prompting the market’s growth. Additionally, Africa's public cloud industry has grown quickly in recent years, with more than $15 billion spent in data centers in Africa between 2020 and 2025, with the majority of this investment centered in Egypt, Morocco, Nigeria, Kenya, and South Africa. According to Oxford Business Group, these services enable Egypt to provide enterprises with better flexibility in terms of outsourcing services or production since they could more readily grow their operations to meet increasing demand.

Segments of the Market

The Egyptian software house service market is segmented on the basis of service types. It is further sub-segmented into website, mobile application, custom software development, cloud capabilities, devOps services, UI/UX design, consulting, digital marketing, QA and software testing, and e-commerce development.

Recent Developments

Google, Edex Business Solutions, IBM Corp., Cisco Inc., INETWORK Middle East, Sendian Creations, Vocus Digital Agency, BE Group, Enozom Softwar, and Tech Village are among the prominent companies in the Egyptian software house services sector. These market participants are employing a variety of techniques in order to remain competitive. The companies are pursuing aggressive initiatives such as collaborations and product releases in order to establish global leadership in the software house services industry. Some of the recent developments in the market include:

In August 2022, SubsBase provided a whole subscription life cycle of invoicing, payments, and alerts services, and the firm secured $2.4 million in seed funding, with the Middle East and Africa leading the way. The operational platform of SubsBase allows clients to simplify and keep information organized and chores simple; connect different third-party software applications; and automate subscription billing and invoicing.

In September 2022, the Egyptian National Postal Organization (ENPO) and SAP announced a deal to develop a “RISE with SAP” private cloud to upgrade software programs and implement the best global postal service standards. This protocol is the culmination of Egypt Post and SAP's continuous cooperation and strategic relationship, and it is part of ongoing efforts to implement the best technology solutions across all services and transactions, using advanced software solutions and embedded digital services to facilitate and secure both internal and external transactions.

In September 2022, El-Dokan, an Egypt-based e-commerce software company, secured $500 million in pre-seed funding to extend its footprint in the highly competitive online sector. The funds will be utilized to strengthen and expand El-Dokan's e-commerce services, which are based on headless technology.

Conclusion

During the projection period, the market is driven by AI-integrated software services supplied by key vendors such as IBM, Microsoft, and Instabug to various end users such as banks, industrial units, educational institutions, the e-commerce business, and the real estate sector. Procter & Gamble Co. and Microsoft Corp., for instance, announced a new multiyear agreement in June 2022 that will utilize the Microsoft Cloud to develop the future of digital manufacturing at Procter & Gamble's production site. The two businesses will collaborate to accelerate and expand P&G's digital manufacturing platform, as well as harness the industrial internet of things (IIoT) to get products to customers faster, boost customer happiness, and save costs. Besides, e-commerce websites are regarded as one of the most rising platforms for online services, which subsequently increases the need for website development software company services. Due to all such factors, according to OMR Research, the market will grow significantly during the forecast period.