Egypt forecast to be 8th largest growth market for smartphones

Despite it’s relatively small size in absolute dollar terms, Egypt’s smartphone market is projected to be the eighth largest growth market in the world in 2015, according to a report by GfK.

Egypt is also forecast to be the eight largest growth market in the overall technology device sector.

The report forecasts that Egypt’s technology device sales will increase by 8 percent in 2015, hitting $5 billion in comparison with $4.6 billion in 2014.

The report also forecasts that Egypt will be the eighth developing growth market in the world in terms of smartphone sales in 2015, a position held last year by South Korea. Egypt was not in GfK’s the top 10 for growth in either category in 2014.