Cape Verde's SaaS market is projected to reach USD 45 million in 2026, driven by increased digital adoption among small and medium enterprises. The growing number of SaaS providers, now totaling 25, reflects a burgeoning tech ecosystem. With a 60% cloud adoption rate, businesses are increasingly shifting from traditional software to cloud solutions, enhancing operational efficiency and scalability.
The country's IT spending is expected to grow by 12% annually, supported by government initiatives promoting digital infrastructure. Internet penetration reaching 78% underpins the expanding digital economy, enabling more businesses and consumers to access SaaS platforms. This trend positions Cape Verde as a developing but promising market for software-as-a-service in Africa.