Amazon Web Services and Orange have announced a pioneering venture to deliver cloud computing services in Morocco and Senegal. This initiative will be powered by AWS's Wavelength platform, which will be integrated into Orange's data centers, making these services available without the need for physical AWS infrastructure within these countries. The burgeoning demand for advanced computing capabilities among banks, telecom operators, and healthcare providers is driving cloud operators to penetrate the African market, which is forecasted to grow at an annual rate of 15% to an $18 billion valuation by 2028, according to Statista.
The African cloud market's expansion is driven by increasing data consumption and the need for secure, localized data hosting. The AWS infrastructure will enable customers in regulated sectors, such as finance, healthcare, public services, and telecommunications, to deploy and manage applications locally, ensuring data residency, low latency, and enhanced security. AWS Vice President Jan Hofmeyr emphasized that this move will benefit customers of all sizes and industries in Morocco and Senegal, providing them with robust, local cloud solutions.
AWS currently dominates the global cloud infrastructure market, valued at approximately $270 billion, but its footprint in Africa has been relatively modest, limited to a few countries, including South Africa. This partnership with Orange is a strategic maneuver to strengthen its presence on the continent. The success of cloud computing hinges on reliable telecommunications infrastructure, and with around 30 operators across 17 African markets already offering 5G services and another ten countries planning to launch, the stage is set for a significant technological leap.
NASDAQ: AMZN
Price: $3,123.54
Change: + 1.2%
The technical analysis reveals an uptrend, supported by several indicators. The 50-day moving average stands at $3,050, while the 200-day moving average is at $3,000. The Moving Average Convergence Divergence (MACD) indicator shows a positive divergence, suggesting a bullish trend. Key Fibonacci retracement levels indicate strong support at $3,000 and resistance around $3,200. The stock is trading near the upper Bollinger Band, suggesting increased volatility and the potential for further upward movement. This upward trend is bolstered by AWS's strategic partnerships and expansion into new markets, which are expected to drive revenue growth and enhance investor confidence.
