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Cloud computing — Africa market analysis

The global cloud computing market is experiencing sustained double-digit growth, propelled by enterprise digital transformation, AI/ML workloads, and migration from on-premise infrastructure. Core segments include infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS), with hyperscalers and regional providers competing for share. The market is characterized by rapid innovation, evolving regulatory frameworks, and intensifying demand for scalable, secure, and cost-efficient IT solutions.

Market

Cloud computing

Region

Africa

Growth
CAGR 2019 2024

22.5

CAGR 2024 2030 Base

21

CAGR 2024 2030 Downside

14.25

Drivers

Mobile-first enterprise adoption, fintech innovation, and cloud-enabled public services.

Risks

Infrastructure limitations, affordability, and regulatory fragmentation.

Distribution
Market Size

13500000000

Share

2

Footnotes
line1

1) Market size includes IaaS, PaaS, and SaaS; 2) Base case assumes continued enterprise migration and AI adoption; downside reflects macro and regulatory headwinds.

line2

Regional splits based on current FX and public cloud provider disclosures; projections consider digitalization, regulatory, and infrastructure trends.

source

Askpot AI Analysis Report 2025