We anticipate even more growth and innovation in the African tech sector in 2023. As the continent develops and its population grows, so will the demand for technology and digital services. This creates a tremendous opportunity for both African entrepreneurs and international tech companies looking to enter the market.
Here are 5 technology trends we expect to see in Africa in 2023:
Increased adoption of artificial intelligence and machine learning technologies.
In Africa in 2023, artificial intelligence and machine learning are expected to play a significant role. AI and machine learning are expected to improve medical diagnoses and treatment options in healthcare. AI and machine learning are expected to improve crop yields and food security in the agricultural sector. Artificial intelligence-powered irrigation systems can optimize water usage, resulting in more efficient practices.
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Continued growth of the e-commerce sector.
In recent years, Africa has seen significant growth in e-commerce. According to a 2019 report by the African Development Bank, the African e-commerce market is expected to reach $75 billion by 2025. This expansion is being driven by rising internet and mobile penetration, as well as the rise of digital payment platforms.
Expansion of high-speed internet and mobile networks.
Africa has one of the highest rates of mobile penetration in the world, with over 600 million mobile phone subscribers. We anticipate the development of a thriving mobile app ecosystem in 2023, with African developers developing innovative solutions for everything from mobile banking to healthcare.
Development of new digital payment solutions and fintech innovations.
As more Africans gain access to mobile phones and the internet, the use of digital financial services has increased. This has resulted in the expansion of companies such as M-Pesa, a mobile money transfer service that has become extremely popular in countries such as Kenya and Tanzania.
Increased use of renewable energy sources, such as solar and wind.
Many African countries have low electrification rates, with millions of people still unable to access electricity. Renewable energy sources, such as solar and wind, can help improve energy access in rural and remote areas that are frequently underserved by traditional energy grids. This has the potential to improve the lives of millions of people while also contributing to the development of African communities.