Market Forecast By Distribution (Online, Offline) And Competitive Landscape
Product Code: ETC432588 | Publication Date: Dec 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Egypt Surveying and Mapping Services Market is amongst the most emerging markets in the country and it will grow rapidly in the years to come owing to various factors that have been contributing to its growth. This sector is emerging in the most efficient way in the country and will gain more growth.
According to 6Wresearch, the Egypt Surveying And Mapping Services Market size is expected to grow during 2023-2029. Egypt is a nation which has a rich culture and history and the landscape of the country reflect that. This market is the key part of Africa Surveying and Mapping Services Market. The country is home to a rising surveying and mapping sector which is offering services to both local as well as international clients. This sect or in the country will grow more in demand in the near future. Expansion in infrastructure projects, surge in demand for services like land management and rising initiatives from the government of the country towards the development of smart cities are some factors that have been effectively contributing to the evolvement of this sector. With the rich culture and history and increasing surveying and mapping sector, the country is an attractive sector for companies want to expand their operations or even willing to enter this field. The key companies in the sector are operating in the best possible ways and they offer the best services to their clients. The players offer a number of services which include construction surveying, land surveying, topographic surveying, LiDAR scanning, Cadastral surveys, 3D mapping, photogrammetry, and more.
The commercial sector in the country is the major end user of surveying and mapping services in the country. The demand for these services is rising more from the construction industry and real estate companies. Furthermore, with the continuous focus of the government for developing smart cities in the nation, there a growth in accurate mapping services that supports many applications like, urban planning, asset management, etc. The oil and gas industry is also one of the major adopters of these services since this sector needs these services for production activities and exploration. Lack of skilled workforce is the major restraint for the sector. In the market, there is a small number of qualified mapping professions and surveyors, which is limiting the development of the sector. The Egypt Surveying and Mapping Services Market share will grow more in the years to come since the sector will overcome this restraint in the near future.
The impacts of global pandemic were severe on this sector since the major consumer markets of this market faced countless challenges when pandemic hit the country. The commercial sector which includes construction sector, real estate companies, and oil and gas industries is the major adopter of these services which was dealing with certain challenges. The operation of commercial sectors was not allowed which led to reduction in surveying and mapping services in the market. There was a significant reduction in demand for these services which led to disruption in the development of this market.
Based on distribution channel, the Surveying And Mapping Services Market in Egypt is fragmented into Online and Offline. In the sector, both distribution channel segments are becoming popular. They will give this sector boost in the near future.
The report offers a comprehensive study of the subsequent market segments: