Nigeria Data Center Market Outlook (2021-2027)

 

Market Forecast By Types (Colocation Data Center, Cloud Data Center, Managed Services Data Center, Enterprise Data Center), By Verticals (Telecom & IT, BFSI, Government, Healthcare, Education & Others), By Regions (Southwest, Central, Southeast, Northwest, Northeast) And Competitive Landscape

According to 6Wresearch, Nigeria Data Center Market size is projected to grow at a CAGR of 17.9% during 2021-2027. Nigeria data center market is likely to experience a rapid growth in the forecast period on account of multiple initiative launched by the government such as National Digital Economy Policy and Strategy (2020-2030), Cloud Computing Policy (2019), National Broadband Plan (2020-2025), Smart city initiative combined with upcoming rollout of 5G technology and growing tech ecosystem in the country. Nigeria’s tech start-ups received $701.5 million in funding in 2020, one of the highest in Africa, of which fintech start-ups accounted of 44% of the start-up investments. Number of fintech start-ups in Nigeria also grew from 74 in 2017 to 144 in 2021. Government initiatives coupled with growing tech ecosystem would create opportunities for data center market in the coming years.

Nigeria data center market has witness tremendous growth due to rapid transformation in telecom and digital sector owing to government initiatives such as National Digital Economy Policy and Cloud Computing Policy that promote the adoption of emerging technologies such as artificial intelligence, machine learning, blockchain, IoT and others. In last two years, Nigeria’s Federal Government has established 1,667 technological centers for the adoption and promotion of these technologies. Further, Nigeria’s National Information Technology Development Agency (NITDA) is developing a framework to promote the adoption of blockchain technology with an aim to generate $10 billion in revenues by 2030.

For Latest Press Release : https://www.6wresearch.com/press-release/nigeria-data-center-market-size-is-projected-to-grow-at-a-cagr-of-179-during-2021-2027

Market by Type Analysis

In terms of types, the segments colocation and cloud data center cumulatively have captured 74% of the market revenues in 2020, with colocation data center leading the market.

Key Highlights of the Report

  • Nigeria Data Center Market Overview
  • Nigeria Data Center Market Outlook
  • Nigeria Data Center Market Forecast
  • Nigeria Data Center Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Market Drivers and Restraints
  • Competitive Benchmarking
  • Company Profiles
  • Nigeria Data Center Market Revenue Ranking, By Company
  • Nigeria Data Center Market – Analysis of User Engagement
  • Nigeria Data Center Market – Existing Gap Analysis, Capacity Vs Requirement
  • Key Strategic Recommendations
  • Nigeria Data Center Market – Impact of Local Policies
  • Nigeria Data Center Market – Analysis of Data Center Requirement of Tenants in Colocation Scenarios
  • Historical Data and Forecast of Nigeria Data Center Market Revenues for the Period 2017-2027F
  • Historical Data and Forecast of Revenues, By Types, Verticals, and Regions for the Period 2017-2027F

About Us-

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

Contact Us: Phone: +911143024305 | Email Id: sales@6wresearch.com

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