Market Forecast By Component (Platforms, Services), By Provider (Application, Middleware, Infrastructure), By Type (Public, Private, Hybrid), By Organization Size (SMEs, Large Organizations) And Competitive Landscape
Product Code: ETC4384133 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Egypt Blockchain Market |
Forecast Period | 2025-2031 |
CAGR | 5.9% |
Growing Sector | Banking & Financial |
Egypt Blockchain Market report thoroughly covers the market by component, by provider, by type, and by organization size. 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.
Egypt is a country that has been slowly embracing blockchain technology over the past few years. It has become a hub for blockchain startups, with many companies choosing to launch their projects in Egypt due to its favorable regulatory environment and low cost of living. Egypt has a large youth population. This tech-savvy generation is open to new technologies and has been instrumental in driving the adoption of blockchain in the country.
According to 6Wresearch, the Egypt Blockchain Market size is estimated to reach at a CAGR of 5.9% during the forecast period 2025-2031. The Egyptian government has shown strong support for blockchain technology, with initiatives such as the "National Blockchain Strategy" and the "Blockchain-Based Digital Economy Park". This has created a favorable environment for startups and businesses to thrive. With a massive population, Egypt has a large market for blockchain-based products and services. The use of blockchain technology can help drive economic growth and development in the country. Egypt's banking sector has been quick to adopt blockchain technology, with several banks implementing blockchain-based solutions for cross-border payments and trade finance. Governmental bodies are increasingly experimenting with blockchain for e-governance and public records, setting a precedent for further adoption in public services. The rising concern about digital security is a major trend influencing blockchain adoption, with an emphasis on preventing fraudulent activities and enhancing transaction security.
The Egyptian government has launched various initiatives to capitalize on the transformative potential of blockchain. Key among these is the establishment of the "Egypt Blockchain Hub," which aims to foster innovation and provide startups with the necessary resources to develop blockchain solutions. Furthermore, the Central Bank of Egypt is exploring a Central Bank Digital Currency (CBDC), positioning Egypt at the forefront of digital currency innovation in the country.
The landscape of the Egyptian blockchain market is shaped by dynamic players that range from pioneering startups to established financial institutions. Blockchain startups like "BitBlocks" and "BlockSavvy" specialize in payment processing and blockchain education, respectively.
The future of Egypt Blockchain industry is poised for substantial growth. The combination of a youthful, tech-oriented population and continued governmental support suggests that blockchain technologies will penetrate deeper into various sectors, including healthcare, supply chain management, and public services. As digital transformation accelerates, blockchain is expected to play a pivotal role in shaping Egypt's digital economy, potentially setting a benchmark for blockchain adoption in the African continent.
According to Dhaval, Research Manager, 6Wresearch, the infrastructure providers are seeing a noticeable growth in the market. These providers lay the foundational technological framework that supports the development of blockchain applications, thereby becoming a crucial segment of the market. As more industries seek to integrate blockchain into their core operations, the demand for robust and scalable blockchain infrastructure is expected to surge.
Based on the organization size, small and medium-sized Enterprises (SMEs) are experiencing a notable uptick in blockchain adoption within the Egypt market. SMEs are agile, and their size allows them to implement new technologies like blockchain more swiftly than their larger counterparts. They are leveraging blockchain for its cost-effectiveness and increased security measures.
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 Blockchain Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Blockchain Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Blockchain Market - Industry Life Cycle |
3.4 Egypt Blockchain Market - Porter's Five Forces |
3.5 Egypt Blockchain Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Egypt Blockchain Market Revenues & Volume Share, By Provider, 2021 & 2031F |
3.7 Egypt Blockchain Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Egypt Blockchain Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Egypt Blockchain Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Blockchain Market Trends |
6 Egypt Blockchain Market, By Types |
6.1 Egypt Blockchain Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Egypt Blockchain Market Revenues & Volume, By Component, 2021 - 2031F |
6.1.3 Egypt Blockchain Market Revenues & Volume, By Platforms, 2021 - 2031F |
6.1.4 Egypt Blockchain Market Revenues & Volume, By Services, 2021 - 2031F |
6.2 Egypt Blockchain Market, By Provider |
6.2.1 Overview and Analysis |
6.2.2 Egypt Blockchain Market Revenues & Volume, By Application, 2021 - 2031F |
6.2.3 Egypt Blockchain Market Revenues & Volume, By Middleware, 2021 - 2031F |
6.2.4 Egypt Blockchain Market Revenues & Volume, By Infrastructure, 2021 - 2031F |
6.3 Egypt Blockchain Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Egypt Blockchain Market Revenues & Volume, By Public, 2021 - 2031F |
6.3.3 Egypt Blockchain Market Revenues & Volume, By Private, 2021 - 2031F |
6.3.4 Egypt Blockchain Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.4 Egypt Blockchain Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 Egypt Blockchain Market Revenues & Volume, By SMEs, 2021 - 2031F |
6.4.3 Egypt Blockchain Market Revenues & Volume, By Large Organizations, 2021 - 2031F |
7 Egypt Blockchain Market Import-Export Trade Statistics |
7.1 Egypt Blockchain Market Export to Major Countries |
7.2 Egypt Blockchain Market Imports from Major Countries |
8 Egypt Blockchain Market Key Performance Indicators |
9 Egypt Blockchain Market - Opportunity Assessment |
9.1 Egypt Blockchain Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Egypt Blockchain Market Opportunity Assessment, By Provider, 2021 & 2031F |
9.3 Egypt Blockchain Market Opportunity Assessment, By Type, 2021 & 2031F |
9.4 Egypt Blockchain Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 Egypt Blockchain Market - Competitive Landscape |
10.1 Egypt Blockchain Market Revenue Share, By Companies, 2024 |
10.2 Egypt Blockchain Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |