Cape Town 21st June – New Report Shines a Light on Artificial Intelligence in Africa – The State of AI in Africa Report by the AI Media Group South Africa, offers an analysis of the emerging Artificial Intelligence (AI) landscape in Africa. It contains multiple statistics and trends while offering insights on key factors and communities driving the ecosystem across the continent.
Report author, and CEO of the AI Media Group, Dr Nick Bradshaw stated, “The origins of this report were motivated from a lack of data about the regional / continental landscape for what is one of the fastest growing tech sectors globally. When we started our company back in 2018, there was literally no data about the region as a whole. Most local activity was either academic or developer community focused, with very little connection between these communities, industry practitioners and investors. What reports we could find were fragmented or limited to a single country or city. We felt it was a good time to bring it all together into one report.”
Recently launched on the 14th June at the Council for Scientific and Industrial Research (CSIR) Pretoria, South Africa, this 32-page report will appeal to analysts, enterprises, channel managers, governments, VCs / investors, NGOs, Embassies, trade missions & regional promotion agencies who are seeking deeper insights about the dynamics of this rapidly growing frontier tech market. Content & headings included in the report are as follows;
- At a glance summary
- The global view
- Africa by numbers
- Notable communities
- Company type Vs Industry segment
- Company size Vs Year founded
- Investment landscape
- Who is trading in Africa
Bradshaw concluded, “A key finding was just how cross cutting this technology is. South Africa, Nigeria, Egypt & Kenya dominate this sector with AI impacting at least 120+ separate market segments across Africa. Privately owned SMMEs / Micro businesses make up 75% of this sector, 40% of which were founded in the last 5 years, showing the importance nation states need to place on supporting their local tech ecosystems. It’s also attracting serious capital, with Tunisian AI start-up InstaDeep receiving $100m USD Series A funding earlier in 2022. The global market is also projected to grow from $387 Bn USD in 2022 to $1,394 Bn by 2029, exhibiting a CAGR of 20%. It’s a positive sign that this technology and its attendant start-up ecosystems can win big across Africa if these trends continue.”
A copy of the report can be obtained online here https://aiafricareport.gumroad.com/
About the AI Media Group
The AI Media Group is a South African based industry analysis, publishing & business events consultancy specializing in the 4IR / smart tech sector in Africa. They are curators of AI Expo Africa, the continent’s largest B2B/B2G Artificial Intelligence (AI) and Robotic Process Automation (RPA) trade show and publishers of Synapse, the first quarterly trade magazine charting Africa’s 4IR innovation journey. The group also runs AI TV which hosts discussions on trends in AI and 4IR technologies with local, regional and global thought leaders.
Join Africa’s largest B2B AI / IA & 4IR Smart Tech Trade Event
All trademarks & company names mentioned are protected by their respective owner.