COVID-19 accelerated data consumption, resulting in increased demand for bandwidth and storage capacity. The focus has shifted from large mainframe computers occupying more real estate to complex DCs with energy efficiency, cooling technology and facilities management.
Launch of 5G & electricity generation: The country is Africa’s largest ICT market, accounting for nearly ~30% of internet usage. Commercial 5G was rolled out in the country by MTN Nigeria in September 2022, further contributing to internet penetration in the country. Currently, 80% of the electricity generated in Nigeria is generated by natural gas, while much of the rest is generated by coal. Nigeria is currently the largest user of oil-fueled backup gensets in Africa.
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Technological Advancements: The country’s technological prowess was abysmally low few year back. However, new tech innovations have been happening in Nigeria which thereby accelerate demand for data center companies in Nigeria. The Information, Communication and Technology Sector has been currently one of the fastest growing sectors in Nigeria. Despite the COVID-19 pandemic, the sector contributed nearly ~15% of his country’s gross domestic product (GDP).
Covid-19 Impact: Covid-19 had positive influence in Nigeria data center market. It acted as a catalyst for growth of data related /digital fields like remote working, remote learning, e- commerce, digital payments, healthcare etc. There was a major increase in data traffic thus leading to a consequent increase in demand for racks and data centers.
Analysts at Ken Research in their latest publication “Nigeria Data Center Market Outlook to 2027 – Driven by launch of 5G, internet penetration, increase in investment and government initiatives.” observed that the Nigeria data center market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increased internet penetration and the launch of 5G. The Nigeria Data Center Market is expected to grow at robust CAGR over the forecasted period 2022-2027.
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Key Segments Covered in the report
Nigeria Data Center Market
By Vertical
- Hyper Scale DC
- Co-location DC
- Managed DC
By Type of Co-location
- Wholesale Co-location
- Retail Co-location
By End User
- Telecom and IT
- BFSI
- Government
- E-Commerce
- Others
Key Target Audience
- Data Center companies
- Cloud providers (Domestic and Global)
- Managed data center companies
- Co-location data center companies
- Private Equity and Venture Capitalist
- Industry Associations
- Data Center Constructors
- Technology providers
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2027
For More Insights On Market Intelligence, Refer To The Link Below: –
Nigeria Data Centre Market Outlook to 2027
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US Data Center Market Outlook to 2027
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