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Egypt Mainframe Modernization Services Market By Type (Application Modernization, Cloud Migration, Data Modernization, Integration Services, Consulting Services); By Deployment Mode (On-premises, Cloud-based); By End-User (Banking, Financial Services, and Insurance (BFSI), Healthcare, IT and Telecommunications, Retail and E-commerce, Others); By Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Egypt Mainframe Modernization Services Market Size 2023	USD 68.01 million
Egypt Mainframe Modernization Services Market, CAGR	12.70%
Egypt Mainframe Modernization Services Market Size 2032	USD 197.06 million

Market Overview

The Egypt Mainframe Modernization Services Market is projected to grow from USD 68.01 million in 2023 to USD 197.06 million by 2032, at a compound annual growth rate (CAGR) of 12.70%.

The Egypt Mainframe Modernization Services market is driven by the increasing demand for operational efficiency and the need to integrate legacy systems with modern digital infrastructure. Businesses are focusing on reducing operational costs and enhancing scalability, fueling the adoption of modernization solutions. The rising use of cloud computing and artificial intelligence technologies further accelerates the shift, as organizations aim to streamline data management and decision-making processes. Additionally, the growing reliance on IT systems in sectors such as banking, government, and healthcare amplifies the need for robust, modernized mainframe solutions to ensure security and compliance with evolving regulations. Emerging trends include the adoption of hybrid cloud strategies, leveraging advanced analytics, and the integration of DevOps methodologies to enhance agility and innovation. As organizations increasingly prioritize digital transformation, mainframe modernization services play a pivotal role in bridging the gap between traditional IT frameworks and future-ready technology ecosystems.

Egypt’s mainframe modernization services market is primarily driven by key players operating in major regions such as Cairo, Alexandria, and the Suez Canal region. These players include global IT service providers such as IBM, Accenture Egypt, TCS Egypt, DXC Technology, Wipro Egypt, HCL Technologies, Infosys Egypt, Oracle Egypt, Capgemini Egypt, and Cognizant Egypt, who are increasingly focusing on providing tailored modernization solutions to businesses in critical sectors like banking, healthcare, and government. Cairo remains the central hub for these services due to its robust infrastructure, while Alexandria and the Suez Canal region are witnessing growing demand driven by industrial and trade operations. With increasing investments in digital transformation initiatives, especially in government and smart city projects, the key players are positioning themselves to capitalize on the evolving landscape by offering cloud migration, data modernization, and application integration services.

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Market Insights

The Egypt mainframe modernization services market is valued at USD 68.01 million in 2023 and is expected to reach USD 197.06 million by 2032, growing at a CAGR of 12.70%.
Growing digital transformation initiatives across various industries are driving demand for modernization services.
The adoption of cloud computing, AI, and big data analytics accelerates the shift from legacy systems to modernized IT frameworks.
Increasing focus on cost optimization and operational efficiency is prompting organizations to modernize mainframes.
The market is witnessing trends such as hybrid cloud adoption, integration of AI and automation, and the rise of DevOps methodologies.
Key players in the market include IBM, Accenture Egypt, TCS Egypt, DXC Technology, and Wipro Egypt, among others.
Challenges include high initial costs and the complexity of migrating legacy systems to modern infrastructure.

Market Drivers

Rising Focus on Cost Optimization

The high costs associated with maintaining legacy mainframe systems have encouraged organizations to adopt modernization strategies. Traditional mainframes often demand significant investment in hardware, maintenance, and skilled personnel, making them financially burdensome in the long run. Modernization services offer cost-effective solutions by enabling organizations to migrate to cloud-based or hybrid systems that are more efficient and easier to maintain. For instance, the Ijraset Journal highlights that migrating from mainframe systems to distributed, open-source environments can significantly reduce operational costs and improve efficiency. These services not only lower operational expenses but also provide enhanced flexibility and scalability, ensuring sustainable growth for businesses.

Growing Demand for Digital Transformation

The rapid pace of digital transformation across various industries in Egypt is a key driver for the adoption of mainframe modernization services. Organizations are increasingly transitioning from traditional systems to modern IT infrastructure to enhance efficiency, scalability, and performance. Legacy mainframes, while reliable, often lack the agility and compatibility required for seamless integration with emerging technologies like cloud computing, artificial intelligence, and big data analytics. For instance, the SAP-commissioned survey found that 91% of Egyptian companies recognize digital transformation as crucial for achieving their business objectives. This shift toward modernized systems enables businesses to stay competitive in a digitally evolving landscape while reducing operational complexities and enhancing customer experiences.

Increased Adoption of Cloud Computing

Cloud computing has emerged as a transformative force in IT modernization, further driving the demand for mainframe modernization services in Egypt. Organizations are increasingly leveraging cloud solutions to improve data accessibility, storage efficiency, and collaboration. By integrating legacy systems with cloud platforms, businesses can achieve greater agility and resilience while reducing downtime and improving system reliability. This trend has been particularly significant in sectors such as banking, healthcare, and government, where secure and efficient data management is crucial for daily operations.

Need for Enhanced Security and Compliance

The rising emphasis on data security and regulatory compliance is another critical factor propelling the mainframe modernization market in Egypt. Legacy systems often face vulnerabilities due to outdated security protocols and limited adaptability to new regulations. Modernization services address these challenges by integrating advanced security features and ensuring compliance with evolving legal and industry standards. This helps organizations mitigate risks, protect sensitive data, and maintain trust among stakeholders, reinforcing the importance of modernized IT frameworks.

Market Trends

Integration of Hybrid Cloud Solutions

The adoption of hybrid cloud strategies has become a prominent trend in Egypt’s mainframe modernization services market. Businesses increasingly seek to combine the benefits of on-premise and cloud-based systems, enabling them to maintain control over critical workloads while leveraging the scalability and cost-efficiency of cloud technologies. Hybrid cloud solutions allow organizations to modernize legacy systems without completely overhauling their existing infrastructure. For instance, CDW Canada’s 2023 Hybrid Cloud Report highlights that the majority of organizations are operating hybrid, multicloud environments, resulting in benefits such as improved security, faster access to innovative technologies, and enhanced IT staff productivity. This approach not only ensures business continuity but also facilitates seamless data integration and improved operational flexibility.

Growth in AI and Automation Integration

The integration of artificial intelligence (AI) and automation technologies is significantly shaping the mainframe modernization landscape in Egypt. Organizations are utilizing AI-driven analytics and automation tools to enhance system efficiency, optimize processes, and reduce manual interventions. These technologies streamline complex tasks, such as system monitoring and maintenance, and provide actionable insights for decision-making. This trend reflects a broader shift towards smarter, data-driven operations, enabling businesses to harness the full potential of modernized IT frameworks.

Emphasis on DevOps Methodologies

DevOps practices are gaining traction as organizations strive for greater agility and faster deployment of applications within modernized mainframe environments. By adopting DevOps methodologies, businesses can achieve enhanced collaboration between development and IT operations teams, reducing time-to-market for new solutions. This approach promotes continuous improvement and fosters innovation, making it a critical element of mainframe modernization. The increasing adoption of DevOps in Egypt highlights the growing need for streamlined workflows and efficient resource utilization across industries.

Surge in Demand from Key Sectors

Key industries such as banking, healthcare, and government are driving demand for mainframe modernization services in Egypt. These sectors rely heavily on secure, reliable, and scalable IT systems to manage sensitive data and comply with stringent regulations. Modernization enables these organizations to improve system resilience and enhance service delivery, aligning with their digital transformation goals. The sustained demand from these critical sectors underscores the importance of tailored modernization solutions to meet industry-specific requirements.

Market Challenges Analysis

High Initial Investment Costs

One of the primary challenges in Egypt’s mainframe modernization services market is the substantial initial investment required for upgrading legacy systems. Transitioning from traditional mainframes to modernized infrastructure involves significant expenditures on new hardware, software, and skilled personnel. Additionally, the costs associated with data migration, system integration, and testing further increase the financial burden. For small and medium-sized enterprises (SMEs), these expenses can be particularly prohibitive, limiting their ability to adopt modernization solutions. For instance, the Kyndryl 2024 State of Mainframe Modernization Survey highlights that 96% of organizations are moving an average of 36% of their workloads off the mainframe to cloud platforms, emphasizing the significant investment required. This challenge necessitates the development of cost-efficient strategies and flexible pricing models by service providers to make modernization more accessible to a broader range of businesses.

Complexity of Legacy System Migration

The inherent complexity of migrating from legacy mainframes poses another critical challenge in the market. Many organizations rely on systems that have been in operation for decades, running mission-critical applications with minimal documentation or support. The modernization process often involves overcoming technical hurdles such as code restructuring, compatibility issues, and data integrity concerns. These challenges can lead to extended project timelines and disruptions in daily operations, discouraging organizations from initiating modernization efforts. To address this, service providers must offer robust migration frameworks and expert support to ensure seamless transitions with minimal risk.

Market Opportunities

Expanding Digital Transformation Initiatives

Egypt’s accelerating digital transformation across industries presents significant opportunities for mainframe modernization services. Organizations are increasingly adopting advanced technologies such as cloud computing, artificial intelligence, and big data analytics to improve efficiency and remain competitive. The government’s focus on digital initiatives, including e-governance and smart city projects, further underscores the demand for modern IT infrastructure. These trends create a fertile environment for service providers to offer tailored solutions that help organizations transition from legacy systems to agile, scalable, and secure platforms. By aligning with the country’s broader digital goals, modernization services can play a pivotal role in supporting national development objectives and fostering economic growth.

Growing Adoption in Key Sectors

The rising reliance on IT infrastructure in critical sectors such as banking, healthcare, and telecommunications presents another substantial opportunity for Egypt’s mainframe modernization market. These industries demand robust, secure, and high-performing systems to manage sensitive data, ensure regulatory compliance, and enhance customer experience. Modernization enables businesses in these sectors to integrate innovative technologies, streamline operations, and achieve cost efficiencies. As organizations increasingly prioritize customer-centric digital services, service providers can capitalize on this demand by delivering customized modernization solutions that address industry-specific challenges. This trend not only boosts market growth but also positions modernization services as indispensable in driving operational excellence and innovation.

Market Segmentation Analysis:

By Type:

The Egypt mainframe modernization services market is segmented into application modernization, cloud migration, data modernization, integration services, and consulting services. Among these, application modernization holds a significant share as organizations aim to enhance the efficiency and scalability of their legacy systems. Cloud migration is also witnessing robust growth, driven by the increasing adoption of cloud technologies to reduce infrastructure costs and improve operational flexibility. Data modernization is gaining momentum as businesses prioritize the need to streamline data management and leverage analytics for informed decision-making. Integration services play a pivotal role in ensuring seamless interoperability between modernized systems and existing IT frameworks. Consulting services are crucial for guiding organizations through the complexities of modernization, offering expertise in strategy development and implementation planning to ensure smooth transitions.

By Deployment Mode:

By deployment mode, the market is categorized into on-premises and cloud-based solutions. On-premises deployment remains the preferred choice for organizations seeking maximum control over their IT infrastructure and data security. However, the cloud-based segment is growing rapidly due to its cost-effectiveness, scalability, and ease of implementation. Cloud-based modernization solutions enable businesses to adapt to dynamic operational demands while minimizing downtime and resource requirements. As organizations increasingly embrace hybrid IT environments, service providers offering flexible deployment options are positioned to capture substantial opportunities. Both deployment modes are essential in addressing the diverse needs of businesses, fostering growth in Egypt’s mainframe modernization market.

Segments:

Based on Type:

Application Modernization
Cloud Migration
Data Modernization
Integration Services
Consulting Services

Based on Deployment Mode:

On-premises
Cloud-based

Based on End-User:

Banking, Financial Services, and Insurance (BFSI)
Healthcare
IT and Telecommunications
Retail and E-commerce
Others

Based on Organization Size:

Small and Medium Enterprises (SMEs)
Large Enterprises

Based on the Geography:

Cairo
Alexandria
Suez Canal Region
Upper Egypt

Regional Analysis

Cairo

Cairo holds the largest market share in Egypt’s mainframe modernization services market, accounting for over 40% of the total revenue in 2023. As the nation’s capital and a hub for business and government operations, Cairo has a high concentration of enterprises seeking modernization solutions. The city’s vibrant IT sector, coupled with strong demand from industries such as banking, telecommunications, and healthcare, drives substantial adoption of these services. Government-led digital transformation initiatives, including smart city projects and e-governance programs, further bolster the demand for modernized mainframe systems. Service providers in Cairo benefit from access to a skilled workforce and advanced infrastructure, positioning the region as a critical growth driver for the market.

Alexandria

Alexandria represents approximately 20% of the market share and is rapidly emerging as a significant player in the mainframe modernization landscape. The city’s robust industrial base and expanding IT sector contribute to the increasing demand for modernization solutions. Key industries, including manufacturing, logistics, and port operations, are adopting advanced IT frameworks to enhance efficiency and competitiveness. Additionally, Alexandria’s proximity to major trade routes underscores the importance of modernized IT systems for data management and supply chain optimization. The city’s growing focus on technology-driven business models presents opportunities for service providers to expand their presence and cater to diverse organizational needs.

Suez Canal Region

The Suez Canal region is gaining traction as an important market for mainframe modernization services, driven by its strategic importance to Egypt’s economy. With a growing emphasis on digital transformation in logistics and maritime industries, the region is witnessing increasing investments in IT infrastructure. Modernization services are essential to ensure operational efficiency, secure data handling, and compliance with international standards. The Suez Canal region’s development plans, including the establishment of smart industrial zones, create a favorable environment for adopting advanced IT solutions. This emerging demand positions the region as a key growth area for mainframe modernization service providers.

Upper Egypt

Upper Egypt is a relatively untapped market but shows significant potential for mainframe modernization services. The region’s economic development initiatives and infrastructure projects are fostering the growth of IT adoption among local enterprises. Sectors such as agriculture, renewable energy, and tourism are beginning to recognize the value of modernized IT systems for improving operational processes and customer engagement. The government’s focus on regional development and digital inclusion provides a strong impetus for modernization efforts. Service providers that address the specific challenges of this region, including limited IT expertise and infrastructure, are well-positioned to capture emerging opportunities.

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Key Player Analysis

IBM
Accenture Egypt
TCS Egypt
DXC Technology
Wipro Egypt
HCL Technologies
Infosys Egypt
Oracle Egypt
Capgemini Egypt
Cognizant Egypt

Competitive Analysis

The competitive landscape of Egypt’s mainframe modernization services is shaped by several leading global and regional players, each offering tailored solutions to meet the demands of businesses across various industries. Key players include IBM, Accenture Egypt, TCS Egypt, DXC Technology, Wipro Egypt, HCL Technologies, Infosys Egypt, Oracle Egypt, Capgemini Egypt, and Cognizant Egypt. These companies are leveraging their vast expertise in IT consulting, cloud migration, and data modernization to cater to the growing demand for more agile, scalable, and secure IT frameworks. The market is characterized by a mix of global and regional IT service providers that specialize in cloud migration, data modernization, and legacy system integration. Key competitive strategies include the adoption of hybrid cloud solutions, artificial intelligence, and advanced automation technologies, enabling businesses to streamline their IT operations and reduce costs. Service providers differentiate themselves through their ability to offer end-to-end solutions, from strategic consulting to the actual implementation of modernization projects. They also emphasize scalability, flexibility, and enhanced security to meet the growing demands of industries like banking, healthcare, and government. For instance, IBM has significantly invested in integrating AI capabilities into mainframe systems, recognizing the potential to enhance transactional workloads, bolster cybersecurity, and streamline operations. A strong emphasis on customer support and project management ensures smooth transitions during the modernization process. Despite the opportunities, challenges such as high initial investment costs and the complexity of migrating legacy systems remain significant hurdles. The competition is intensifying as companies focus on innovative technologies and specialized services to address these challenges, while also striving to meet the specific requirements of Egypt’s rapidly digitalizing market.

Recent Developments

In August 2024, Capgemini signed an agreement to acquire Syniti, one of the leading companies in the enterprise data management software and services including platform and migration services. This acquisition will strengthen Capgemini’s data-driven solutions, especially for large-scale SAP transformations like the shift to SAP S/4HANA.
In June 2024, Oracle and Google Cloud announced a partnership in which Google Cloud will offer Oracle Cloud Infrastructure (OCI) database services and high-speed network interconnect with Oracle. This partnership will enable users to accelerate their application migrations and modernization.
In June 2024, Cognizant expanded its partnership with Cengage Group. This move highlights the trend of modernizing educational platforms by integrating advanced technologies to enhance digital learning experiences, reflecting the broader push towards modernizing application infrastructures across sectors.
In April 2024, Atos officially renewed its participation in the robust Amazon Web Services (AWS) Managed Service Provider (MSP) Partner Program. The AWS MSP Partner Program recognizes and evaluates top APN Consulting Partners who excel at providing complete lifecycle solutions to customers. Next-generation AWS MSPs can assist organizations in inventing the future, solving business problems, and supporting projects by focusing on critical results.
In April 2024, Fujitsu Limited and Oracle partnered to provide sovereign cloud and AI capabilities that satisfy the digital sovereignty needs of Japanese businesses and the public sector.
In April 2024, Cloud Software Group Inc. and Microsoft Corp. deepened their collaboration with a focus on Citrix virtual applications and cloud AI solutions. This partnership underscores the importance of cloud migration and AI integration in application modernization, emphasizing the need for businesses to update their legacy systems to leverage these technologies.
In January 2024, IBM announced that it had entered a definitive deal to acquire Advanced’s application modernization capabilities, bringing a combination of talent, tools, and knowledge to IBM Consulting’s mainframe application and data modernization services. The announced acquisition will allow us to support better clients’ mainframe application modernization journeys, representing another significant step forward in IBM’s hybrid cloud and AI strategy.
In January 2024, Accenture acquired Work & Co, enhancing its capabilities in creating innovative digital products. This acquisition reflects the increasing importance of blending design and technology to modernize applications, helping clients improve user experiences and stay competitive in the digital age.

Market Concentration & Characteristics

The market concentration for Egypt’s mainframe modernization services is moderate, with a mix of global IT service providers and regional players competing for market share. The landscape is characterized by a few large players dominating the market, particularly those with extensive expertise in cloud migration, data modernization, and application integration. These companies leverage their global presence and deep industry knowledge to cater to Egypt’s growing demand for modernized IT infrastructure. However, the market also includes smaller regional firms that focus on providing customized, cost-effective solutions for local businesses, particularly in industries such as banking, healthcare, and government. The characteristics of this market are shaped by the increasing emphasis on digital transformation across multiple sectors. Businesses are looking for solutions that offer greater scalability, flexibility, and enhanced security, creating an environment where providers must innovate continuously to stay competitive. The market is also highly service-oriented, with companies offering end-to-end solutions that encompass consulting, strategic planning, migration, and post-implementation support. This service-oriented nature fosters long-term client relationships, where providers must adapt to client-specific needs and industry demands. Despite the challenges posed by high initial investment costs and the complexity of legacy system migrations, the market continues to evolve, driven by the growing adoption of cloud-based and hybrid IT solutions.

Report Coverage

The research report offers an in-depth analysis based on Type, Deployment Mode, End-User, Organization Size and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

Increased focus on business continuity and disaster recovery will drive further demand for modernization services.
The shift towards more agile and flexible IT systems will encourage organizations to modernize their legacy mainframes.
The rise of smart city projects and e-governance will create additional opportunities for modernization in the public sector.
Advanced data analytics and machine learning capabilities will be integrated into mainframe modernization solutions to enhance decision-making.
The growing importance of customer experience will push businesses to modernize their mainframes to offer faster, more responsive services.
Rising interest in sustainability will encourage the adoption of energy-efficient IT solutions, including cloud-based modernization services.
The increased complexity of regulatory requirements will lead to greater adoption of modernization services for compliance purposes.
Demand for real-time data processing and access will spur investments in modernized mainframe solutions.
The rapid expansion of e-commerce and digital payment systems will push businesses to modernize their mainframes for scalability and security.
As digital skills grow within the workforce, Egypt’s capacity to manage and implement mainframe modernization projects will improve, driving market growth.

CHAPTER NO. 1 : INTRODUCTION 21

1.1.1. Report Description 21

Purpose of the Report 21

USP & Key Offerings 21

1.1.2. Key Benefits for Stakeholders 21

1.1.3. Target Audience 22

1.1.4. Report Scope 22

CHAPTER NO. 2 : EXECUTIVE SUMMARY 23

2.1. Mainframe Modernization Services Market Snapshot 23

2.1.1. Egypt Mainframe Modernization Services Market, 2018 – 2032 (USD Million) 24

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 25

3.1. Russia-Ukraine and Israel-Palestine War Impacts 25

CHAPTER NO. 4 : MAINFRAME MODERNIZATION SERVICES MARKET – INDUSTRY ANALYSIS 26

4.1. Introduction 26

4.2. Market Drivers 27

4.2.1. Growing need for operational efficiency and scalability 27

4.2.2. Increasing adoption of cloud-based technologies. 28

4.3. Market Restraints 29

4.3.1. High initial costs associated with modernization 29

4.4. Market Opportunities 30

4.4.1. Advancements in AI and machine learning for enhanced automation 30

4.5. Porter’s Five Forces Analysis 31

4.6. Buying Criteria 32

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 33

5.1. Import Analysis by Egypt 33

5.1.1. Egypt Mainframe Modernization Services Market Import Volume/Revenue, By Egypt, 2018 – 2023 33

5.2. Export Analysis by Egypt 34

5.2.1. Egypt Mainframe Modernization Services Market Export Volume/Revenue, By Egypt, 2018 – 2023 34

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 35

6.1. Demand Analysis by Egypt 35

6.1.1. Egypt Mainframe Modernization Services Market Demand Volume/Revenue, By Egypt, 2018 – 2023 35

6.2. Supply Analysis by Egypt 36

6.2.1. Egypt Mainframe Modernization Services Market Supply Volume/Revenue, By Egypt, 2018 – 2023 36

CHAPTER NO. 7 : PRODUCTION ANALYSIS 37

7.1. Production Analysis by Egypt 37

7.1.1. Egypt Mainframe Modernization Services Market Production Volume/Revenue, By Egypt, 2018 – 2023 37

CHAPTER NO. 8 : PRICE ANALYSIS 38

8.1. Price Analysis by Type 38

8.1.1. Egypt Mainframe Modernization Services Market Price, By Type, 2018 – 2023 38

8.1.2. Egypt Type Market Price, By Type, 2018 – 2023 38

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 39

9.1. Key Raw Materials and Suppliers 39

9.2. Key Raw Materials Price Trend 39

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 40

10.1. Manufacturing Cost Analysis 40

10.2. Manufacturing Process 40

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 41

11.1. Company Market Share Analysis – 2023 41

11.2. Value Chain Analysis 41

11.2.1. Egypt Mainframe Modernization Services Market: Company Market Share, by Volume, 2023 42

11.2.2. Egypt Mainframe Modernization Services Market: Company Market Share, by Revenue, 2023 43

11.2.3. Egypt Mainframe Modernization Services Market: Top 6 Company Market Share, by Revenue, 2023 43

11.2.4. Egypt Mainframe Modernization Services Market: Top 3 Company Market Share, by Revenue, 2023 44

11.3. Egypt Mainframe Modernization Services Market Company Volume Market Share, 2023 45

11.4. Egypt Mainframe Modernization Services Market Company Revenue Market Share, 2023 46

11.5. Company Assessment Metrics, 2023 46

11.5.1. Stars 46

11.5.2. Emerging Leaders 46

11.5.3. Pervasive Players 46

11.5.4. Participants 46

11.6. Start-ups /SMEs Assessment Metrics, 2023 46

11.6.1. Progressive Companies 46

11.6.2. Responsive Companies 47

11.6.3. Dynamic Companies 47

11.6.4. Starting Blocks 47

11.7. Strategic Developments 48

11.7.1. Acquisitions & Mergers 48

New Product Launch 48

Egypt Expansion 48

11.8. Key Players Product Matrix 49

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 50

12.1. PESTEL 50

12.1.1. Political Factors 50

12.1.2. Economic Factors 50

12.1.3. Social Factors 50

12.1.4. Technological Factors 50

12.1.5. Environmental Factors 50

12.1.6. Legal Factors 50

12.2. Adjacent Market Analysis 50

CHAPTER NO. 13 : MAINFRAME MODERNIZATION SERVICES MARKET – BY TYPE SEGMENT ANALYSIS 51

13.1. Mainframe Modernization Services Market Overview, by Type Segment 51

13.1.1. Mainframe Modernization Services Market Revenue Share, By Type, 2023 & 2032 52

13.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By Type 53

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 53

13.1.4. Mainframe Modernization Services Market Revenue, By Type, 2018, 2023, 2027 & 2032 54

13.2. Application Modernization 55

13.3. Cloud Migration 56

13.4. Data Modernization 57

13.5. Integration Services 58

13.6. Consulting Services 59

CHAPTER NO. 14 : MAINFRAME MODERNIZATION SERVICES MARKET – BY DEPLOYMENT MODE SEGMENT ANALYSIS 60

14.1. Mainframe Modernization Services Market Overview, by Deployment Mode Segment 60

14.1.1. Mainframe Modernization Services Market Revenue Share, By Deployment Mode, 2023 & 2032 61

14.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By Deployment Mode 62

14.1.3. Incremental Revenue Growth Opportunity, by Deployment Mode, 2024 – 2032 62

14.1.4. Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018, 2023, 2027 & 2032 63

14.2. On-premises 64

14.3. Cloud-based 65

CHAPTER NO. 15 : MAINFRAME MODERNIZATION SERVICES MARKET – BY END-USER INDUSTRY SEGMENT ANALYSIS 66

15.1. Mainframe Modernization Services Market Overview, by End-User Industry Segment 66

15.1.1. Mainframe Modernization Services Market Revenue Share, By End-User Industry, 2023 & 2032 67

15.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By End-User Industry 68

15.1.3. Incremental Revenue Growth Opportunity, by End-User Industry, 2024 – 2032 68

15.1.4. Mainframe Modernization Services Market Revenue, By End-User Industry, 2018, 2023, 2027 & 2032 69

15.2. Banking, Financial Services, and Insurance (BFSI) 70

15.3. Healthcare 71

15.4. IT and Telecommunications 72

15.5. Retail and E-commerce 73

CHAPTER NO. 16 : MAINFRAME MODERNIZATION SERVICES MARKET – BY ORGANIZATION SIZE SEGMENT ANALYSIS 74

16.1. Mainframe Modernization Services Market Overview, by Organization Size Segment 74

16.1.1. Mainframe Modernization Services Market Revenue Share, By Organization Size, 2023 & 2032 75

16.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By Organization Size 76

16.1.3. Incremental Revenue Growth Opportunity, by Organization Size, 2024 – 2032 76

16.1.4. Mainframe Modernization Services Market Revenue, By Organization Size, 2018, 2023, 2027 & 2032 77

16.2. Small and Medium Enterprises (SMEs) 78

16.3. Large Enterprises 79

CHAPTER NO. 17 : MAINFRAME MODERNIZATION SERVICES MARKET – EGYPT ANALYSIS 80

17.1. Type 80

17.1.1. Egypt Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 80

17.2. Egypt Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 80

17.3. Deployment Mode 81

17.3.1. Egypt Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 81

17.3.2. Egypt Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 81

17.4. End-User Industry 82

17.4.1. Egypt Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 82

17.4.2. Egypt Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 82

17.5. Organization Size 83

17.5.1. Egypt Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 83

17.5.2. Egypt Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 83

CHAPTER NO. 18 : COMPANY PROFILES 84

18.1. IBM 84

18.1.1. Company Overview 84

18.1.2. Product Portfolio 84

18.1.3. Swot Analysis 84

18.1.4. Business Strategy 85

18.1.5. Financial Overview 85

18.2. Accenture Egypt 86

18.3. TCS Egypt 86

18.4. DXC Technology 86

18.5. Wipro Egypt 86

18.6. HCL Technologies 86

18.7. Infosys Egypt 86

18.8. Oracle Egypt 86

18.9. Capgemini Egypt 86

18.10. Cognizant Egypt 86

List of Figures

FIG NO. 1. Egypt Mainframe Modernization Services Market Revenue, 2018 – 2032 (USD Million) 24

FIG NO. 2. Porter’s Five Forces Analysis for Egypt Mainframe Modernization Services Market 31

FIG NO. 3. Egypt Mainframe Modernization Services Market Import Volume/Revenue, By Egypt, 2018 – 2023 33

FIG NO. 4. Egypt Mainframe Modernization Services Market Export Volume/Revenue, By Egypt, 2018 – 2023 34

FIG NO. 5. Egypt Mainframe Modernization Services Market Demand Volume/Revenue, By Egypt, 2018 – 2023 35

FIG NO. 6. Egypt Mainframe Modernization Services Market Supply Volume/Revenue, By Egypt, 2018 – 2023 36

FIG NO. 7. Egypt Mainframe Modernization Services Market Production Volume/Revenue, By Egypt, 2018 – 2023 37

FIG NO. 8. Egypt Mainframe Modernization Services Market Price, By Type, 2018 – 2023 38

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 39

FIG NO. 10. Manufacturing Cost Analysis 40

FIG NO. 11. Manufacturing Process 40

FIG NO. 12. Value Chain Analysis for Egypt Mainframe Modernization Services Market 41

FIG NO. 13. Company Share Analysis, 2023 42

FIG NO. 14. Company Share Analysis, 2023 43

FIG NO. 15. Company Share Analysis, 2023 43

FIG NO. 16. Company Share Analysis, 2023 44

FIG NO. 17. Mainframe Modernization Services Market – Company Volume Market Share, 2023 45

FIG NO. 18. Mainframe Modernization Services Market – Company Revenue Market Share, 2023 46

FIG NO. 19. Mainframe Modernization Services Market Revenue Share, By Type, 2023 & 2032 52

FIG NO. 20. Market Attractiveness Analysis, By Type 53

FIG NO. 21. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 53

FIG NO. 22. Mainframe Modernization Services Market Revenue, By Type, 2018, 2023, 2027 & 2032 54

FIG NO. 23. Egypt Mainframe Modernization Services Market for Application Modernization, Revenue (USD Million) 2018 – 2032 55

FIG NO. 24. Egypt Mainframe Modernization Services Market for Cloud Migration, Revenue (USD Million) 2018 – 2032 56

FIG NO. 25. Egypt Mainframe Modernization Services Market for Data Modernization, Revenue (USD Million) 2018 – 2032 57

FIG NO. 26. Egypt Mainframe Modernization Services Market for Integration Services, Revenue (USD Million) 2018 – 2032 58

FIG NO. 27. Egypt Mainframe Modernization Services Market for Consulting Services, Revenue (USD Million) 2018 – 2032 59

FIG NO. 28. Mainframe Modernization Services Market Revenue Share, By Deployment Mode, 2023 & 2032 61

FIG NO. 29. Market Attractiveness Analysis, By Deployment Mode 62

FIG NO. 30. Incremental Revenue Growth Opportunity by Deployment Mode, 2024 – 2032 62

FIG NO. 31. Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018, 2023, 2027 & 2032 63

FIG NO. 32. Egypt Mainframe Modernization Services Market for On-premises, Revenue (USD Million) 2018 – 2032 64

FIG NO. 33. Egypt Mainframe Modernization Services Market for Cloud-based, Revenue (USD Million) 2018 – 2032 65

FIG NO. 34. Mainframe Modernization Services Market Revenue Share, By End-User Industry, 2023 & 2032 67

FIG NO. 35. Market Attractiveness Analysis, By End-User Industry 68

FIG NO. 36. Incremental Revenue Growth Opportunity by End-User Industry, 2024 – 2032 68

FIG NO. 37. Mainframe Modernization Services Market Revenue, By End-User Industry, 2018, 2023, 2027 & 2032 69

FIG NO. 38. Egypt Mainframe Modernization Services Market for Banking, Financial Services, and Insurance (BFSI), Revenue (USD Million) 2018 – 2032 70

FIG NO. 39. Egypt Mainframe Modernization Services Market for Healthcare, Revenue (USD Million) 2018 – 2032 71

FIG NO. 40. Egypt Mainframe Modernization Services Market for IT and Telecommunications, Revenue (USD Million) 2018 – 2032 72

FIG NO. 41. Egypt Mainframe Modernization Services Market for Retail and E-commerce, Revenue (USD Million) 2018 – 2032 73

FIG NO. 42. Mainframe Modernization Services Market Revenue Share, By Organization Size, 2023 & 2032 75

FIG NO. 43. Market Attractiveness Analysis, By Organization Size 76

FIG NO. 44. Incremental Revenue Growth Opportunity by Organization Size, 2024 – 2032 76

FIG NO. 45. Mainframe Modernization Services Market Revenue, By Organization Size, 2018, 2023, 2027 & 2032 77

FIG NO. 46. Egypt Mainframe Modernization Services Market for Small and Medium Enterprises (SMEs), Revenue (USD Million) 2018 – 2032 78

FIG NO. 47. Egypt Mainframe Modernization Services Market for Large Enterprises, Revenue (USD Million) 2018 – 2032 79

List of Tables

TABLE NO. 1. : Egypt Mainframe Modernization Services Market: Snapshot 23

TABLE NO. 2. : Drivers for the Mainframe Modernization Services Market: Impact Analysis 27

TABLE NO. 3. : Restraints for the Mainframe Modernization Services Market: Impact Analysis 29

TABLE NO. 4. : Egypt Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 38

TABLE NO. 5. : Key Raw Materials & Suppliers 39

TABLE NO. 6. : Egypt Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 80

TABLE NO. 7. : Egypt Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 80

TABLE NO. 8. : Egypt Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 81

TABLE NO. 9. : Egypt Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 81

TABLE NO. 10. : Egypt Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 82

TABLE NO. 11. : Egypt Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 82

TABLE NO. 12. : Egypt Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 83

TABLE NO. 13. : Egypt Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 83

Frequently Asked Questions

What is the current size of the Egypt Mainframe Modernization Services market?

The Egypt Mainframe Modernization Services market is valued at USD 68.01 million in 2023 and is projected to reach USD 197.06 million by 2032, growing at a compound annual growth rate (CAGR) of 12.70%.

What factors are driving the growth of the Egypt Mainframe Modernization Services market?

The market is driven by increasing demand for operational efficiency, cost optimization, and the integration of legacy systems with modern IT infrastructure. Key factors include the adoption of cloud computing, artificial intelligence, and big data analytics, along with rising digital transformation initiatives across industries such as banking, government, and healthcare.

What are the key segments within the Egypt Mainframe Modernization Services market?

The market is segmented by type, including application modernization, cloud migration, data modernization, integration services, and consulting services. It is also segmented by deployment mode (on-premises and cloud-based), end-user (BFSI, healthcare, IT and telecommunications, retail and e-commerce, and others), organization size (SMEs and large enterprises), and geography (Cairo, Alexandria, Suez Canal region, and Upper Egypt).

What are some challenges faced by the Egypt Mainframe Modernization Services market?

Challenges include high initial investment costs associated with upgrading legacy systems and the complexity of migrating these systems to modern infrastructure. Technical hurdles such as code restructuring, compatibility issues, and data integrity concerns also pose significant barriers.

Who are the major players in the Egypt Mainframe Modernization Services market?

Key players include IBM, Accenture Egypt, TCS Egypt, DXC Technology, Wipro Egypt, HCL Technologies, Infosys Egypt, Oracle Egypt, Capgemini Egypt, and Cognizant Egypt. These companies provide tailored solutions such as cloud migration, data modernization, and application integration services.

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