Global Market Research Reports : Ken Research: Nigeria Data Center Industry

Thursday, August 10, 2023

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.

Nigeria Data Center Market Trends

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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.

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

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Nigeria Data Centre Market Outlook to 2027

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US Data Center Market Outlook to 2027

Africa Data Center & Cloud Services Market Outlook to 2027

Thailand Data Center and Cloud Services Market Outlook to 2027

Thursday, July 27, 2023

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.

Data Center companies in Nigeria

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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.