In Cape Verde, to the size of the domestic ICT market, must be added the market for tourists and the regional market potential (wholesale)1. The market for tourists, although relatively small, requires a quality of service, and investments in technology, comparable to that of countries-issuers of tourists, and as such is an important "driver" for the quality of the supply. The regional market (wholesale) has great potential for growth as the internet penetration rate is still low (average is 17% in 2016), but business risks are high. Comparing the structure of the value chain in the global ICT market with the Cape Verde market, we can detect strong distortion caused by over 20 years of dominance of one Telco operator (incumbent), resulting in an almost inexisting offer for value added products: It appears that in Cape Verde, there is almost no market for ICT beyond Telecom (ex-Telecom ICT)! The State Data Center (and DC2 and DC3 under construction) and Private Network State Telecommunications (ComSec), managed by NOSi under Decree-Law 19/2010 of 14 June [8] and the 1 Estimation of the local market dimension of ICT service delivery [7]: Telecom, with two operators, one of the dealership state of the core network assets: • • • Internal connectivity: 500,000 x (1.3 activity rate) = 650,000 user (permanent assets without "churning") Connectivity Tourist: 700,000 tourists x (6.2 days average duration stay / 365 days a year) = 12,000 user Regional Connectivity: 6.57 million people x (0.25 wholesale activity rate) = 1,642,500 user As a precaution it is estimated only the number of people in the regional capital, but the "l'arrière-pays" is 5 x higher The Average Revenue Per User (ARPU) Average annual estimated at 120 USD for the domestic and tourist market and 25 USD for regional wholesale [7] The total market ICT (annual) is estimated at 140 million USD / year • • • • • online services - incipient sale interfaces - 10 million USD / year connectivity - 120 million USD / year (Telecom / internal data 80 million USD and 40 million USD Regional wholesale) platforms (GovTech and FinTech) - 8 million USD (GovTech 4 million and 3 million FinTech, 1 several commercial) content - 2 million USD / year with high potential The market share of GovTech is ~ 4% breaking the myth that electronic governance "occupies the entire ICT market" (Fernandes Antonio J - jan2019)