The cloud services market in Africa continued to grow in the second quarter of 2023, albeit at a slower pace than in the previous quarter. This is according to new data from Canalys, which shows that spending on cloud infrastructure services in Africa grew by 14% to US$2.4 billion in Q2.
The growth of the cloud services market in Africa is being driven by a number of factors, including the increasing adoption of cloud-based technologies by businesses and governments, the growing availability of high-speed internet, and the increasing investment in cloud infrastructure by local and international companies.
However, despite the growth of the cloud services market in Africa, AI is still on the horizon. AI is not yet having a significant impact on cloud revenues in Africa, but it is expected to become a major driver of cloud investment in the future.
Cloud providers in Africa are already investing heavily in AI technologies, and they are working with partners to develop and deploy AI-powered solutions for businesses and governments.
As the demand for AI-powered solutions grows in Africa, cloud providers will need to partner with companies that have the expertise and experience to develop and deploy these solutions. They will also need to ensure that their AI solutions are tailored to the specific needs of African businesses and governments.
Here are some of the key trends in the cloud services market in Africa:
- The increasing adoption of cloud-based technologies by businesses and governments: Businesses and governments in Africa are increasingly adopting cloud-based technologies to improve their efficiency and productivity. This is driving the growth of the cloud services market in Africa.
- The growing availability of high-speed internet: The growing availability of high-speed internet is another factor that is driving the growth of the cloud services market in Africa. High-speed internet is essential for businesses and governments to use cloud-based technologies.
- The increasing investment in cloud infrastructure by local and international companies: Local and international companies are investing heavily in cloud infrastructure in Africa. This is creating new opportunities for cloud providers in Africa.
- The growing adoption of AI by businesses and governments: AI is still on the horizon in Africa, but it is expected to become a major driver of cloud investment in the future. Cloud providers in Africa are already investing heavily in AI technologies, and they are working with partners to develop and deploy AI-powered solutions for businesses and governments.
As the cloud services market in Africa continues to grow, it is important for businesses and governments to understand the key trends in the market. This will help them to make informed decisions about their cloud computing strategies.