Mohammed Amin of the Dell Technologies told Cable News Network (CNN) that a statistical projection confirms that everybody will have internet by 2021.
As he traverses Africa and his company pushing the the world further by advancing Artificial Intelligence and Augmented Reality as core products in Africa, he affirms that the potential for the growth of the tech market in Africa is massive.
He made an amibitious projection that digital economy will represent 15 to 20% of the global Gross Domestic Product (GDP) by 2030.
Amin says Dell will consolidate its investment in Africa and remains one of the leaders on the continent.
Google Chairman, Eric Schmidt said in 2013 that: “Everybody in the world will be on the Internet within seven years (2020).
“For every person online, there are two who are not,” Schmidt wrote Saturday on his Google+ account. “By the end of the decade, everyone on Earth will be connected.”
CNN confirms that 4 out of 10 people have internet in Africa: what does the future hold for Africa in the fast evolving global digital market with towering statistics beneath.
Statistics reveal that Facebook and Google have been estimated to account for 84% of global digital advertising investment (excluding China).
In 2018, it is expected that Amazon accounted for 49.1% of all online retail spending in the US.
Similarly, Alibaba is estimated to have close to 60% of the e-commerce market in China.
Google alone holds 90% of the global search market, over 60% of web browsers, the number 1 (by far) mobile operating system (Android), the top user-generated video platform (YouTube), and has more than 1.5 billion active users of its email service (Gmail).
Facebook – incorporating Facebook Messenger, WhatsApp, and Instagram – dominates social media and messaging globally; holding 4 of the world’s top 6 social media platforms.
Tencent owns WeChat, China’s biggest social media platform, with more than 1 billion monthly active users. Tencent’s stable of platforms, including QQ, WeChat, and various Tencent-branded social media and content offerings, demand almost 4 times as much user attention on smartphones as Alibaba and Baidu combined.
According to tralac.org: “The digital economy is now the economy. This refers to the permeation of digital technologies into practically all spheres of business, finance, trade, education and government.
While Africa initially lagged behind the developing world in adopting technology and migrating commerce modes to the new digital forms, in the last several years Africa has taken several leaps forward. The digital economy,and especially e-commerce, offer a means not only for greatly extending Africa’s trade with the rest of the world, but also trade within the continent. Never before have so many initiatives been in place with the goal of both digitalising Africa’s trade and bringing African markets closer together…”.
“…Africa is playing catch-up and is making steady progress in reducing the ‘digital divide’. Africa is the last continent in the world where large proportions of the population are still ‘offline’ and excluded from the digital economy.
This is a result of two primary factors: the cost of access and the lack of expertise and technology know-how. The former factor –cost –creates a self-perpetuating cycle of the second factor. Lack of access or expensive access limits exposure to the digital economy and serves to alienate citizens from the online world and the considerable benefits it brings”.
As at 2017, cost of broadband internet in Africa (average cost per month in USD) reveals that it costs: $53.9 (South Africa), $80.1 (Nigeria), $464.3 (Namibia), $12.3 (Egypt). Egypt is the cheapest.
Tralac.org continues: “The cost of broadband is related to the expense of infrastructure as well as the cost and availability of finance. Financing models for the rollout of connectivity assume that the return on investment will be found in subscriptions and the annuity income streams they promise. Yet commercial internet uptake, even via smart devices rather than desktops, is driven by commercial opportunities both as consumers as well as producers.
This is predicated on the existence of more basic infrastructure, such as road, rail and electricity availability. In the absence of these, such as across most of the DRC, there is little justification for anything more advanced than second-generation (2G) connectivity –for voice calls and the short messaging system (SMS). This restricts connectivity to urban and sub-urban areas in most parts of Africa, fostering and even worsening a rural-urban divide. Within the digital economy, to be static is essentially to be moving in reverse.A comparison of development projects by type for Africa.”
This should form part of the African Peer Review Mechanism (APRM) parameters for growth in Africa.