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Industry Landscape
The cloud computing and digital solutions industry is experiencing rapid growth, driven by increasing digitalization across businesses. There's a strong emphasis on scalable, affordable, and user-friendly platforms, especially for SMEs. FinTech is a burgeoning segment, and the demand for sustainable data center infrastructure is rising. Competition is high, necessitating continuous innovation and tailored solutions for diverse market needs.
Total Assets Under Management (AUM)
Cloud Computing Market Size in Kenya
~250 million USD (2022 estimate)
(15-20% CAGR)
Growth driven by:
- Increased internet penetration.
- Government digitalization initiatives.
- Rise in SME adoption of cloud services.
Total Addressable Market
500 million USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Edge Computing
Bringing computation and data storage closer to the sources of data, enabling real-time processing and reducing latency, crucial for IoT and highly interactive applications.
AI/ML in Cloud Operations
Leveraging artificial intelligence and machine learning for predictive analytics, automated resource management, enhanced cybersecurity, and personalized user experiences within cloud platforms.
Blockchain for Data Security & Trust
Utilizing distributed ledger technology to enhance data integrity, transparency, and security in cloud storage and transactions, particularly relevant for FinTech and sensitive data.
Impactful Policy Frameworks
Kenya Data Protection Act, 2019
This Act regulates the collection, processing, storage, and transfer of personal data in Kenya, establishing principles for data protection and the rights of data subjects.
It necessitates Cloudoon to ensure strict compliance with data privacy principles across all its services, particularly for Jisort's financial data and all hosted customer information, impacting data handling, consent mechanisms, and cross-border data transfer policies.
National ICT Policy, 2020 (Kenya)
The policy aims to enhance Kenya's digital infrastructure, promote e-governance, digital skills, and foster an enabling environment for innovation and investment in the ICT sector.
This policy provides a supportive framework for Cloudoon's expansion, particularly the Masinga Green Data Center, by promoting digital transformation and potentially incentivizing investment in local digital infrastructure.
Central Bank of Kenya (CBK) Prudential Guidelines for Financial Institutions, various (Ongoing)
The CBK continuously issues prudential guidelines for banks and other financial institutions, covering areas like operational risk management, cybersecurity, and outsourcing of services.
These guidelines directly influence Jisort's compliance requirements, requiring robust security measures, disaster recovery plans, and adherence to outsourcing regulations when providing cloud banking services to financial institutions.
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