The "Nigeria Data Center Market - Investment Analysis & Growth Opportunities 2024-2029" report has been added to ResearchAndMarkets.com's offering. The Nigeria Data Center Market was valued at USD...
Autore: Business Wire
DUBLIN: The "Nigeria Data Center Market - Investment Analysis & Growth Opportunities 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Nigeria Data Center Market was valued at USD 250 million in 2023, and is expected to reach USD 646 million by 2029, rising at a CAGR of 17.14%
This report analyses the Nigeria data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments.
Nigeria's information and communications technology (ICT) sector is experiencing robust expansion, fueled by the financial services, oil and gas, and fintech industries. The roll-out of 5G and advances in cloud computing infrastructure open new investment prospects for data centers. Through investments, major hyperscalers steadily strengthen their hold in the Nigeria data center market. For instance, in December 2023, Amazon Web Services (AWS) announced its partnership with GTBANK and Datamellon to increase quality and innovation in digital service in Nigeria.
Nigeria has around 14 operational special economic zones (SEZs) that offer foreign companies tax holidays on all taxes, including federal, state, and local, duty-free importation, and 100% repatriation of capital and profits. The Nigerian government is working toward sustainability. The government promotes clean energy technologies for sustainable start-ups and small and medium enterprises (SMEs). This move addresses the country's environmental challenges by adopting the Global Clean Technology Innovation Program (GCIP).
Rack Centre, Equinix (MainOne), Digital Realty (Medallion Communications), 21st Century Technology, Galaxy Backbone, and Africa Data Centres are colocation operators currently developing or operating data centers in the Nigeria data center market. In 2023, the Nigerian industry grew in data center investments, accounting for over 27% of Africa's total number of projects.
VENDOR LANDSCAPE
WHY SHOULD YOU BUY THIS RESEARCH?
KEY QUESTIONS ANSWERED:
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 99 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $250 Million |
| Forecasted Market Value (USD) by 2029 | $646 Million |
| Compound Annual Growth Rate | 17.1% |
| Regions Covered | Nigeria |
EXISTING VS. UPCOMING DATA CENTERS
Existing Facilities in the Region (Area and Power Capacity)
List of Upcoming Facilities in the Region (Area and Power Capacity)
VENDOR ANALYSIS
IT Infrastructure Providers
Data Center Construction Contractors & Sub-Contractors
Support Infrastructure Providers
Data Center Investors
New Entrants
REPORT COVERAGE:
IT Infrastructure
Network Infrastructure
Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
General Construction
Physical Security
Tier Standard
For more information about this report visit https://www.researchandmarkets.com/r/tcal2f
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Fonte: Business Wire