Companies are overlooking the potential of the African cloud ecosystem, says DAI Magister
International cloud orchestration companies could tap into rapidly growing demand for cloud services through African expansion
There is a vast gulf in the rate of cloud adoption between emerging and mature markets. In Europe and North America for example, virtually every company with over 250 employees has adopted the cloud in some form, whereas only 17% of the 6,000 African companies with a headcount above 250 are fully on the cloud.
According to Oliver Warren, Associate at investment bank DAI Magister, this untapped potential represents a nearly $1bn opportunity that remains largely untouched by existing cloud orchestration players.
Warren said: “Despite the size of the industry, there are virtually no startups in Africa specifically focusing on cloud orchestration. For international ...