South Africa Cloud Computing Market Research Report

South Africa Cloud Computing Market:

Growth opportunities in the South Africa cloud computing market look promising over the next six years. This is mainly due to increasing utilization of smart devices, growing mobile traffic, continuous innovations by major players and the launch of 5G technology.

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South Africa Cloud Computing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The augmenting usage of smart devices coupled with the accelerating penetration of internet are the major drivers responsible for the growth of the South Africa cloud computing market. The GSMA report stated that approximately 26% of Sub-Saharan African population was connected to mobile internet, which was  23% in 2018. The remarkable boost in the mobile traffic in the country has strengthened the market size. Moreover, the development of 5G technology has stimulated the market growth. MTN Group, one of the leading mobile operators in South Africa, in 2020, launched 5G network across major cities, thus contributing to the race of expanding the fifth-generation technology with Vodacom Group and Rain.

The prominent players in the country, are continuously emphasizing on enlarging their presence, which will further lead to enormous growth opportunities for the market. Huawei, in 2019, declared to establish two data centers in the country to intensify the cloud services in Africa. Also, the increasing strategic initiatives and plans by the government will further promote the market share.    The Digital Economy Initiative for Africa (DE4A) makes sure that every individual, government, and business in Africa will be delegated digitally by the end of 2030 and will encourage the African Union “Digital Transformation Strategy for Africa”. However, the growing number of digital losses and cyber-attacks will hamper the market growth.

Organization Size Segment Drivers

On the basis of the organization size, the small and medium size enterprises are anticipated to witness a higher CAGR during the forecast period. The cloud-based solutions aid to enhance the productivity of employee and economize cost, thereby fuelling the market growth. Moreover, the significant switch of the SMEs regarding the usage of technologies for financial and project management, marketing, and building customer relationships, is propelling the market growth.

Service Model Segment Drivers

Based on the service model, the Infrastructure as a Service (IaaS) is predicted to expand at a faster CAGR during the forecast period. This is owing to the growing penetration of hybrid cloud platforms and the massive demand for storage & safety of business data across different verticals. Additionally, several benefits provided by IaaS such as better performance, reduction of capital expenditure, raised level of security, and scalability and flexibility, will drive the market growth.

South Africa Cloud Computing Market Segmentation:

Segmentation by Service Model:

·         Infrastructure as a Service

·         Platform as a Service

·         Software as a Service

Segmentation by Deployment Model:

·         Public Cloud

·         Private Cloud

·         Hybrid Cloud

Segmentation by Organization Size:

·         Small and Medium-Sized Enterprises

·         Large Enterprises

Segmentation by Workload:

·         Storage, Backup, and Disaster Recovery

·         Application Development and Testing

·         Database Management

·         Business Analytics

·         Integration and Orchestration

·         Enterprise Resource Management

·         Collaboration and Content Management

Segmentation by Industry Verticals:

·         Banking, Financial Services and Insurance

·         IT and Telecommunications

·         Government and Public Sector

·         Retail and Consumer Goods

·         Manufacturing

·         Energy and Utilities

·         Media and Entertainment

·         Healthcare and Life Sciences

·         Others

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