Africa's cloud services market is experiencing rapid growth, with demand for cloud computing services in the region rising at an annual rate of 25% to 30%. This outpaces the growth in more mature markets like North America and Europe. African enterprises, including banks, insurance companies, and telecommunications giants, are shifting their data and IT systems to virtual servers provided by major cloud service providers. However, the market remains relatively small compared to other regions, with revenue from public cloud services predicted to reach $8.3 billion by the end of 2023. Government data localization rules and concerns about cybersecurity are influencing cloud adoption. Despite this, the rise of digital platforms and the rapid growth of mobile connectivity in Africa are driving the cloud market's expansion, with cloud providers like AWS, Microsoft, and Oracle vying for market share.
Stay ahead in Africa's growing cloud market with the latest insights and trends. 🌍☁️
#CloudComputing #AfricanTech #DigitalTransformation
Read more on TechCabal