Cape Verde's SaaS industry is projected to reach approximately 45 million USD in 2026, reflecting rapid digital adoption. The churn rate remains relatively low at 8.5%, indicating strong customer retention and satisfaction within the software sector. With over 150 SaaS providers, the market continues to diversify, catering to various business needs across the islands, driven by increasing internet penetration and mobile connectivity.
The average monthly revenue per customer stands at 65 USD, highlighting a growing willingness among businesses and individuals to invest in cloud-based solutions. Digital infrastructure improvements and government initiatives have fueled this growth, making Cape Verde a promising emerging market for SaaS and digital software solutions. Continued investment in tech skills and infrastructure will further enhance growth prospects in the coming years.