SA's cloud market to expand to R113bn by 2028

The cloud computing market in South Africa is expected to grow at a compound annual growth rate of over 26% between 2023 and 2028, expanding to R113 billion. 

This is according to a report published today by Africa Analysis, an ICT market research and analysis firm based in SA. 

The firm notes the growth is being driven predominantly by many businesses and government institutions implementing digital transformation to become cloud-first organisations to improve their business priorities and outcomes. Large investments made by global cloud hyperscalers in SA also contribute to the market’s growth. 

Chris Ngwenyama, director of Africa Analysis, says: “The findings of the 2024 SA Cloud Market Growth Report illustrate the rapidly-growing criticality of cloud services to the private and public sector organisations in SA, as they strive to improve their operational performance and drive better organisational outcomes.”

By Admire Moyo.

Full story at IT Web.