Nigeria data center market is in the growing stage, driven by internet penetration and launch of 5G network: Ken Research

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.

To learn more about this report Download a Free Sample Report:
https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2NTY0

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.

Visit this Link: - Request For Custom Report:
https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2NTY0

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: -

https://www.kenresearch.com/industry-reports/nigeria-data-center-market

Related Reports By Ken Research: -

https://www.kenresearch.com/industry-reports/us-data-center-market

https://www.kenresearch.com/industry-reports/africa-data-center-market

India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.