Nigeria data center market is expected to generate more than USD ~280 Mn by 2027 owing to the investments happening in hyperscale and co-location services and increasing internet penetration: Ken Research

Ecosystem of Nigeria Data Center Market

The Nigeria Data Center industry is consolidated with top players holding more than 70% market share. The players compete with each other on the basis of number of data centers, IT load, gross floor area, total white space, number of racks, geographical presence, etc.

Key Market Findings:

Nigeria is promoting a fully digital economy by 2030 through the National Digital Economy Policy and Strategy (NDEPS 2020-2030).
The growing fintech and startup ecosystem needs dynamic data centers to survive. So far, many of these companies host their data offshore, as reliability and scalability concerns have forced companies to look elsewhere.
However, as the attention of international data center operators shifts to the country, the sector will become more robust and reliant on local hosting.

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Launch of 5G: The growth of the data center market in Nigeria is owing to the launch of 5G. E-commerce platforms and fintech (financial technology) will greatly benefit from 5G networks. Launch of 5G will strengthen the digital economy in the nation and hereby accelerate growth in data center market.

Nigeria Data Protection Regulation (NDPR): NDPR is a growth driver of data localization initiatives and the increasing development of data centers in the country leading to increased local data storage and computing requirements. Future data center demand, especially from a colocation perspective, will come from sectors such as cloud and large technology companies expanding their operations in West Africa.

Increase Internet Penetration: Improvement in network connectivity, government support, and rapid growth in the adoption of big data, and IoT services have been strong enablers for the growth of the industry in Nigeria. Internet penetration in Nigeria is increasing year over year, which will thereby accelerate data center market in Nigeria.

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: -

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

https://www.kenresearch.com/technology-and-telecom/telecommunications-and-networking/thailand-data-center-and-cloud-services-market-outlook-to-2027/596324-105.html

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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.