Egypt Information Technology Q4 2020
Egypt's IT market growth is forecast to decelerate in 2020 as firms respond to elevated global economic and publicuncertainty during the Covid-19 pandemic by adopting a more cautious stance towards investment. Egypt is, however, forecast tobe a relative outperformer in 2020 because it has avoided a strict national lockdown in H120, thereby limiting the domesticeconomic damage. There is also a range of impact at the segment and product level; for instance, cloud adoption momentum willbe boosted by the experience of the pandemic. Uncertainty continues to pervade the short- and medium-term IT market outlook,with risks weighted to the downside because of questions surrounding the length of lockdown and travel restrictions in key parts ofthe global economy, as well as the potential for a surge in infections in Egypt that could require a stricter set of social-distancingrestrictions than those deployed up to August 2020.
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