According to McKinsey report of August 2023 which forecasts the global cloud value to be up to $3 trillion in 2025, with $797 billion of this value sitting in Africa and Europe.
The increasing demand for cloud services that adhere to data protection rules is attracting large digital companies to increase their expenditures on cloud infrastructure, thanks to Africa’s cloud-native businesses.
According to data from the International Finance Corporation (IFC) within August 2023, the continent’s e-conomy is expected to reach $180 billion during that time, or 5.2% of its GDP.
Niral Patel, director of Google Cloud, highlighted the growing prospects for cloud services in Africa by citing the IFC numbers.
In Johannesburg, South Africa, Google Cloud on Friday 2nd February announced the opening of its first cloud region in Africa. Customers from all around the continent will be able to access the new region’s key cloud services, which include compute, storage, networking, and security.
To address the rising demand for Oracle Cloud Infrastructure (OCI) services throughout Africa, Oracle has disclosed that it intends to open a public cloud region in Nairobi, the capital city of Kenya.
Other cloud service providers like Microsoft Azure and Amazon Web Services, who have also recently created cloud regions in South Africa, compete with both Oracle and Google. As this would be Oracle’s second opening in the continent after it’s in 2022.
