III. MARKETPLACE
The size of the domestic market is the main factor that limits the competitiveness of Cape Verde and
causes a low economic dynamism and innovation capacity [5] resulting in a high youth unemployment
rate. [4]
The value of the global ICT market grew from 1.24 in 2008 to 3.5 in 2015 and is estimated at 5.9 trillion
USD in 2020, in five distinct segments. [6]
The global ICT market is led by innovation that takes place in the United States, China and some
European countries.
The markets of other countries, particularly the national and regional market, are dragged and often
"overwhelmed" by the technological dependence and the rentier interests of the main global players in
this market.
(Fernandes Antonio J - jan2019)