Zimbabwe Cloud Computing Market | Analysis 2019-2031

ZIMBABWE CLOUD COMPUTING INDUSTRY SNAPSHOT

• The Zimbabwe cloud computing market is expected to see revenue of US$ 71.11 million by 2024, projecting a Compound Annual Growth Rate (CAGR) of 5.08% from 2023 to 2031.
• The cloud computing industry in Zimbabwe posted US$ 68.0 million in 2023.
• The foremost segment, identified as Software as a Service (SaaS), is anticipated to hold a market value of US$ 52.8 million in 2031.
• By 2031, 40.80% of the total revenue in the Zimbabwe cloud computing market is estimated to be driven by IT and Telecom end user.
• Major players in the Zimbabwe market are actively seeking to expand their regional presence through operational expansion, acquisitions, mergers, and strategic partnerships. For instance, in January 2023, Zimbabwe's Tano Digital Solutions Group completed the acquisition of Altron Botswana and Altron Mozambique. This strategic maneuver positions the company within a trajectory aimed at emerging as a formidable player among the leading technology companies in the region.
• Further, in October 2022, Liquid Cloud entered into a strategic partnership with Microsoft, to offer robust cloud solutions, leveraging Liquid Cloud's advanced colocation and connectivity features in tandem with Microsoft Azure Stack HCI and Azure Arc technology. This collaboration empowers customers across diverse markets, including Zimbabwe, Rwanda, Tanzania, and others, to effectively navigate regulatory and data residency stipulations, tackle low latency workloads, fortify resilience, and ensure seamless business continuity.

ZIMBABWE CLOUD COMPUTING MARKET COVERAGE