Amazon Partners With Orange To Launch Cloud Services In Morocco And Senegal: Report
Portfolio Pulse from Shivani Kumaresan
Amazon and Orange have partnered to launch AWS cloud services in Morocco and Senegal, marking the first time these services will be available in countries without physical AWS infrastructure. This move aims to meet the growing demand for faster computing solutions in Africa, driven by sectors like banking, telecommunications, and healthcare. The African cloud market is projected to grow by 15% annually, reaching $18 billion by 2028.
May 29, 2024 | 4:31 pm
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Amazon's partnership with Orange to launch AWS cloud services in Morocco and Senegal expands its reach in Africa, potentially boosting its revenue from the growing African cloud market.
The partnership with Orange allows Amazon to enter new markets in Africa, potentially increasing its revenue from the rapidly growing cloud market in the region. This move aligns with the increasing demand for cloud services in sectors like banking, telecommunications, and healthcare.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Orange's partnership with Amazon to host AWS cloud services in its facilities in Morocco and Senegal could enhance its service offerings and strengthen its position in the African market.
By hosting AWS cloud services, Orange can offer enhanced cloud solutions to its customers in Morocco and Senegal, potentially increasing its market share and revenue in the region.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
The Vanguard Consumer Discretionary ETF, which includes Amazon, may benefit from Amazon's expansion into the African cloud market.
Amazon's expansion into the African cloud market could positively impact its revenue, benefiting ETFs that include Amazon, such as VCR.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The Consumer Discretionary Select Sector SPDR Fund, which includes Amazon, may see a positive impact from Amazon's expansion into the African cloud market.
As Amazon expands its cloud services into new markets, the positive impact on its revenue could benefit ETFs that include Amazon, such as XLY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50