South Africa Cloud Computing Market

South Africa Cloud Computing Market Overview

Cloud computing refers to the delivery of computing services such as databases, storage, software, servers, and other solutions through the Internet. The South Africa cloud computing market covers industry verticals, which include BFSI, government and public sector, manufacturing, energy and utilities, media and entertainment, and various other industries.

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Major South Africa Cloud Computing Market Drivers

The key drivers that are responsible for the growth of the South Africa cloud computing market size include the increasing utilization of smart devices along with the rising penetration of the Internet. According to a report published by GSMA, the total percentage of the Sub-Saharan African population connected to mobile internet amounted to 26%, which was 23% for the year 2018. The significant increase in mobile traffic in the country is further boosting the growth of the market during the forecast period. Additionally, the launch of 5G technology in South Africa has further opened new doors for the growth of the market. In 2020, MTN Group, one of the mobile operators in South Africa, launched its 5G network across various major cities in the country, thus adding to the race to expand fifth-generation technology with Vodacom Group and Rain.

The leading players are focusing on expanding their presence in South Africa, which will further open new opportunities for the market over the forecast period. In 2019, Huawei announced to build two data centers in the country, which is a part of the company’s plan to expand cloud services in Africa. There has been an increase in the number of initiatives and plans by the government bodies, which will act as a key driver for the market. For instance, Digital Transformation Strategy for Africa was introduced to make every person, government, and business to be digital enabled by 2030 in Africa.

Restraints in the South Africa Cloud Computing Market

On the other hand, the increasing number of cyber-attacks and digital losses are the two significant factors that are hindering the growth of the cloud computing market in South Africa.

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Industry Verticals – Segment Analysis

Based on the industry verticals, the BFSI is projected to grow at a higher CAGR during the forecast period. This is mainly due to the growing adoption of cloud services for the storage and management of customer data. Additionally, the various benefits of cloud-based services such as offers secure storage, 24×7 uptime, and others are further encouraging the adoption of cloud-based solutions and services. Various services such as payment gateways, digital wallets, online fund transfer, and unified customer experience are playing an important role in the BFSI sector.

Organization Size – Segment Analysis

On the basis of the organization size, the small and medium size enterprises is expected to grow at a higher CAGR during the forecast period. The cloud-based solutions helps in improving the employee productivity and saves cost, which is a major factor that is driving the growth of the market. Moreover, the significant shift of the SMEs towards using technologies for financial management, project management, marketing, and building customer relationships, is further surging the growth.

Service Model – Segment Analysis

Based on the service model, the Infrastructure as a Service (IaaS) is expected to witness a faster CAGR during the forecast period. The rising penetration of hybrid cloud platforms and the strong demand for storage & safety of business data across several verticals are the two major factors that are accelerating the demand of the market. In addition to this, the various benefits offered by IaaS such as improves performance, decreases capital expenditure, offers increased level of security, and provides scalability and flexibility.

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Key Developments:

• • In 2021, Oracle announced to open its cloud region in various countries such as Brazil, the UAE, Saudi Arabia, Italy, Spain, France, Singapore, South Africa, Israel, among other countries.
  • In 2021, IBM and Junior Achievement (JA) South Africa announced the OPEN P-TECH for Africa program which will offer South Africa’s youth with skills related to the digital era and marketplace.

Segments covered in the Report:

The South Africa Cloud Computing Market is segmented into service model, deployment model, organization size and industry vertical. Based on the service model, the market has been segmented into Infrastructure as a Service, Platform as a Service, Software as a Service. Based on the deployment model, the market has been segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on the organization size, the market has been segmented into Small and Medium Enterprises and Large Enterprises. Based on industry vertical, the market has been segmented into Manufacturing, Healthcare and Life Sciences, IT & Telecom, Retail and Consumer Goods, Energy and Utilities, Media and Entertainment, BFSI, Government and Public Sector.

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Report Coverage	Details
Market Revenues (2022)	USD Million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Service Model, By Deployment Model, By Organization Size, By Industry Verticals
Regional Coverage	South Africa
Companies Profiled	Profiles of Top 10 Major Companies Operating in “South Africa Cloud Computing Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

South Africa Cloud Computing Market by Service Model

• • Infrastructure as a Service
  • Platform as a Service
  • Software as a Service

 South Africa Cloud Computing Market by Deployment Model

• • Public Cloud
  • Private Cloud
  • Hybrid Cloud

 South Africa Cloud Computing Market by Organization Size

• • Small and Medium-Sized Enterprises
  • Large Enterprises

 South Africa Cloud Computing Market 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