Market Forecast By Service Type (Application Portfolio Assessment, Cloud Application Migration, Application Re-Platforming, Application Integration, UI Modernization, Post-Modernization), By Deployment Mode (Public Cloud, Private Cloud), By Organization Size (Large enterprises, Small and Medium Enterprises (SMEs)), By Verticals (BFSI, Healthcare and Life Sciences, Telecommunication, IT and ITeS, Retail and Consumer Goods, Government and Public Sector, Energy and Utilities, Manufacturing) And Competitive Landscape
Product Code: ETC4402493 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Egypt Application Modernization Services Market |
Forecast period | 2025-2031 |
CAGR | 4.8% |
Growing Sector | Banking, Financial Services, and Insurance |
Egypt Application Modernization Services Market report thoroughly covers the market by service type, by deployment mode, by organization size, and by verticals. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
In Egypt, application modernization services are becoming increasingly crucial as organizations seek to update their legacy systems to more efficient and scalable technologies. This market is driven by a need to keep up with the fast-paced digital transformation, enhance customer experience, and improve operational efficiency. Businesses are taking advantage of cloud computing, AI, and other emerging technologies to stay competitive in a rapidly evolving digital economy.
According to 6Wresearch, the Egypt Application Modernization Services Market size is projected to reach at a CAGR of 4.8% during the forecast period 2025-2031. The primary driving forces behind Egypt's application modernization services market include the government's strong push for digitalization in the public sector and the growing start-up ecosystem demanding agile and scalable software solutions. Moreover, there is a rising need among enterprises to reduce IT expenses while simultaneously promoting innovation, fueling the need for modernizing existing applications.
The Egypt Application Modernization Services industry is witnessing a growing trend towards the adoption of cloud services, containerization, and microservices architecture. There is also an increasing reliance on DevOps practices to streamline development and operations, enabling businesses to bring new features and improvements to market more rapidly. As digital engagement continues to increase, ensuring application scalability and security through modernization will remain a pressing priority for Egyptian enterprises.
The Egyptian government has introduced various initiatives to support the transition to a digital economy. These include the implementation of the "Egypt Vision 2030" which emphasizes technological innovation and infrastructure development, and the establishment of the Ministry of Communications and Information Technology's Digital Transformation Strategy, which aims to enhance the ICT sector and support the modernization of applications in both the public and private sectors.
The shift in the market dynamics has led to the emergence of key players that are making significant contributions to Egypt's application modernization. Notable among these are global IT giants as well as local firms, such as DXC Technology, IBM Egypt, and EITESAL Association.
The Egypt application modernization services market growth is set to grow even further. The continuous push for digital transformation by the government and the adaptability of enterprises to the evolving technological landscape are expected to drive innovation and expansion in this realm. In an age where consumer demand and competitive pressures mandate rapid application updates and releases, the need for ongoing modernization services will undoubtedly escalate. As a result, companies that adapt swiftly and adopt newer models like Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) will have a distinct advantage in the future marketplace.
According to Dhaval, Research Manager, 6Wresearch, Cloud Application Migration is witnessing a particularly robust growth trajectory. As more businesses in Egypt recognize the benefits of cloud computing—such as scalability, cost-efficiency, and enhanced security—there is a significant upsurge in demand for services enabling the migration of traditional applications to cloud environments.
Based on the verticals, the BFSI (banking, financial services and insurance) sector is the only vertical that is growing in the Egypt Application Modernization Services Market. This can be attributed to the increasing demand for secure and efficient financial services, as well as the need for modernized applications to meet regulatory compliance requirements in this industry.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Application Modernization Services Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Application Modernization Services Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Application Modernization Services Market - Industry Life Cycle |
3.4 Egypt Application Modernization Services Market - Porter's Five Forces |
3.5 Egypt Application Modernization Services Market Revenues & Volume Share, By Service Type, 2021 & 2031F |
3.6 Egypt Application Modernization Services Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.7 Egypt Application Modernization Services Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.8 Egypt Application Modernization Services Market Revenues & Volume Share, By Verticals, 2021 & 2031F |
4 Egypt Application Modernization Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for digital transformation initiatives in Egyptian businesses |
4.2.2 Increasing focus on enhancing operational efficiency and reducing costs through modernized applications |
4.2.3 Rise in adoption of cloud computing technologies in Egypt |
4.3 Market Restraints |
4.3.1 Limited awareness and understanding of the benefits of application modernization services among businesses |
4.3.2 Resistance to change and reluctance to invest in upgrading legacy systems |
5 Egypt Application Modernization Services Market Trends |
6 Egypt Application Modernization Services Market, By Types |
6.1 Egypt Application Modernization Services Market, By Service Type |
6.1.1 Overview and Analysis |
6.1.2 Egypt Application Modernization Services Market Revenues & Volume, By Service Type, 2021-2031F |
6.1.3 Egypt Application Modernization Services Market Revenues & Volume, By Application Portfolio Assessment, 2021-2031F |
6.1.4 Egypt Application Modernization Services Market Revenues & Volume, By Cloud Application Migration, 2021-2031F |
6.1.5 Egypt Application Modernization Services Market Revenues & Volume, By Application Re-Platforming, 2021-2031F |
6.1.6 Egypt Application Modernization Services Market Revenues & Volume, By Application Integration, 2021-2031F |
6.1.7 Egypt Application Modernization Services Market Revenues & Volume, By UI Modernization, 2021-2031F |
6.1.8 Egypt Application Modernization Services Market Revenues & Volume, By Post-Modernization, 2021-2031F |
6.2 Egypt Application Modernization Services Market, By Deployment Mode |
6.2.1 Overview and Analysis |
6.2.2 Egypt Application Modernization Services Market Revenues & Volume, By Public Cloud, 2021-2031F |
6.2.3 Egypt Application Modernization Services Market Revenues & Volume, By Private Cloud, 2021-2031F |
6.3 Egypt Application Modernization Services Market, By Organization Size |
6.3.1 Overview and Analysis |
6.3.2 Egypt Application Modernization Services Market Revenues & Volume, By Large enterprises, 2021-2031F |
6.3.3 Egypt Application Modernization Services Market Revenues & Volume, By Small and Medium Enterprises (SMEs), 2021-2031F |
6.4 Egypt Application Modernization Services Market, By Verticals |
6.4.1 Overview and Analysis |
6.4.2 Egypt Application Modernization Services Market Revenues & Volume, By BFSI, 2021-2031F |
6.4.3 Egypt Application Modernization Services Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
6.4.4 Egypt Application Modernization Services Market Revenues & Volume, By Telecommunication, 2021-2031F |
6.4.5 Egypt Application Modernization Services Market Revenues & Volume, By IT and ITeS, 2021-2031F |
6.4.6 Egypt Application Modernization Services Market Revenues & Volume, By Retail and Consumer Goods, 2021-2031F |
6.4.7 Egypt Application Modernization Services Market Revenues & Volume, By Government and Public Sector, 2021-2031F |
6.4.8 Egypt Application Modernization Services Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.9 Egypt Application Modernization Services Market Revenues & Volume, By Manufacturing, 2021-2031F |
7 Egypt Application Modernization Services Market Import-Export Trade Statistics |
7.1 Egypt Application Modernization Services Market Export to Major Countries |
7.2 Egypt Application Modernization Services Market Imports from Major Countries |
8 Egypt Application Modernization Services Market Key Performance Indicators |
8.1 Percentage increase in the number of businesses adopting application modernization services |
8.2 Growth in the number of partnerships between application modernization service providers and local businesses |
8.3 Average time taken to complete an application modernization project |
8.4 Improvement in the performance metrics of applications post-modernization |
8.5 Rate of return on investment for businesses that have undergone application modernization |
9 Egypt Application Modernization Services Market - Opportunity Assessment |
9.1 Egypt Application Modernization Services Market Opportunity Assessment, By Service Type, 2021 & 2031F |
9.2 Egypt Application Modernization Services Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.3 Egypt Application Modernization Services Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.4 Egypt Application Modernization Services Market Opportunity Assessment, By Verticals, 2021 & 2031F |
10 Egypt Application Modernization Services Market - Competitive Landscape |
10.1 Egypt Application Modernization Services Market Revenue Share, By Companies, 2024 |
10.2 Egypt Application Modernization Services Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |