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
Product Code: ETC150344 | Publication Date: Jan 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 89 | No. of Figures: 21 | No. of Tables: 7 |
Nigeria Data Center Market report thoroughly covers the market by types, verticals, and regions. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Nigeria Data Center Market Synopsis
Nigeria data center market witnessed decent growth in 2017-2019 owing to owing to several government initiatives such as Nigeria vision 2020 and Nigeria ICT Roadmap 2017–2020 which aimed at improving ICT infrastructure in the country along with promoting e-governance, e-commerce, digital banking, and others which significantly contributed towards the market of data center.
Social distancing norms implemented in the region due to Covid-19 pandemic in 2020 acted as a catalyst in the growth of tele healthcare, remote working, e-learning and other digital platforms, which resulted in increased data traffic. According to the data from the Nigerian Communications Commission, number of internet subscribers rose by 2.5 million in April and with similar number in May, overall internet subscriber figures went up by ~5 million. The role of data centers got widened by the surge in data traffic, data storage and processing requirements.
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.
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. Colocation data center dominated the Nigeria data center market revenues for the year 2020 and the same trend is expected to continue in the future on account of increasing awareness among business executives about the security of their IT infrastructure, due to frequent power cut in Nigeria causing financial losses and operational disruptions. This is driving the companies toward colocations services as it provides redundant power supply, better security, and scalability at a lower price.
Market by Application Analysis
In Nigeria Data Center Market, telecom & IT vertical have led the overall market revenues accounting more than 45% of the market revenues in 2020. Telecom & IT application captured key share of the market pie, led by growing internet penetration, adoption of modern technologies and digitization initiatives taken by the government.
Key Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Frequently Asked Questions About the Market Study:
Other Key Reports Available:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Nigeria Data Center Market Overview |
3.1. Nigeria Data Center Market Revenues, 2017-2027F |
3.2. Nigeria Data Center Market Industry Life Cycle |
3.3. Nigeria Data Center Market Ecosystem |
3.4. Nigeria Data Center Market- Porter’s Five Forces |
3.5. Nigeria Data Center Market Revenue Share, By Types, 2020 & 2027F |
3.6. Nigeria Data Center Market Revenue Share, By Verticals, 2020 & 2027F |
3.7. Nigeria Data Center Market Revenue Share, By Regions, 2020 & 2027F |
4. Covid-19 Impact Analysis on Nigeria Data Center Market |
5. Nigeria Data Center Market Dynamics |
5.1. Impact Analysis |
5.2. Market Drivers |
5.3. Market Restraints |
6. Nigeria Data Center Market Trends |
7. Nigeria Data Center Market Overview, By Types |
7.1. Nigeria Data Center Market Revenues, By Enterprise Data Centers Types, 2017-2027F |
7.2. Nigeria Data Center Market Revenues, By Managed Services Data Centers Types, 2017-2027F |
7.3. Nigeria Data Center Market Revenues, By Colocation Data Centers Types, 2017-2027F |
7.4. Nigeria Data Center Market Revenues, By Cloud Data Centers Types, 2017-2027F |
8. Nigeria Data Center Market Overview, By Verticals |
8.1. Nigeria Data Center Market Revenues, By BFSI, 2017-2027F |
8.2. Nigeria Data Center Market Revenues, By Telecom & IT, 2017-2027F |
8.3. Nigeria Data Center Market Revenues, By Government, 2017-2027F |
8.4. Nigeria Data Center Market Revenues, By Healthcare, 2017-2027F |
8.5. Nigeria Data Center Market Revenues, By Education, 2017-2027F |
8.6. Nigeria Data Center Market Revenues, By Others, 2017-2027F |
9. Nigeria Data Center Market Overview, By Regions |
9.1. Nigeria Data Center Market Revenues, By North-Eastern Region, 2017-2027F |
9.2. Nigeria Data Center Market Revenues, By North-Western Region, 2017-2027F |
9.3. Nigeria Data Center Market Revenues, By Central Region, 2017-2027F |
9.4. Nigeria Data Center Market Revenues, By South-Western Region, 2017-2027F |
9.6. Nigeria Data Center Market Revenues, By South-Eastern Region, 2017-2027F |
10. Nigeria Data Center Market - Key Performance Indicators |
11. Nigeria Data Center Market - Impact of Local Policies (such as NPDR etc.) on the Data Center Industry |
12. Nigeria Data Center Market - Analysis on DC Requirements of Tenants in the Colocation Scenarios |
13. Analysis on How to Engage End Users for Typical Colo Service Providers, Such as Mainone, Rackcentre, or Why They Are More Successful? |
14. Existing Gap Analysis regarding DC Capacity Vs. Requirements in Nigeria Data Center Market |
15. Nigeria Data Center Market – Opportunity Assessment |
15.1. Nigeria Data Center Market Opportunity Assessment, By Types, 2027F |
15.2. Nigeria Data Center Market Opportunity Assessment, By Verticals, 2027F |
15.3. Nigeria Data Center Market Opportunity Assessment, By Regions, 2027F |
16. Nigeria Data Center Market Competitive Landscape |
16.1. Nigeria Data Center Market Revenue Ranking, By Companies, 2020 |
16.3. Nigeria Data Center Market Competitive Benchmarking, By Operating Parameters |
17. Company Profiles |
17.1. Rack Centre Ltd. |
17.2. Liquid Intelligent Technologies |
17.3. ipNX Nigeria Ltd. |
17.4. Medallion Communications Inc. |
17.5. MainOne |
17.6. Excelsimo Networks Ltd. |
17.7. MTN Group |
17.8. Galaxy Backbone Plc |
17.9. 21st Century Technologies Ltd. |
17.10. Dreamlabs Nigeria Ltd. |
18. Key Strategic Recommendations |
19. Disclaimer |
List of Figures |
Figure 1. Nigeria Data Center Market Revenues, 2017-2027F ($ Million) |
Figure 2. Nigeria Data Center Market Revenue Share, By Types, 2020 & 2027F |
Figure 3. Nigeria Data Center Market Revenue Share, By Verticals, 2020 & 2027F |
Figure 4. Nigeria Data Center Market Revenue Share, By Regions, 2020 & 2027F |
Figure 5. Nigeria Spending on ICT Sector in $ Billion, 2020 & 2023F |
Figure 6. Nigeria ICT Sector GDP Contribution, 2016-Q2’2021 |
Figure 7. Individual Using the Internet (% of Population), 2017-2023F |
Figure 8. Nigeria Mobile Internet Performance, June 2020- June 2021 |
Figure 9. Nigeria Fixed Broadband Internet Performance, June 2020- June 2021 |
Figure 10. Nigeria Percentage Contribution of Telecom to GDP, Q1‘2018 – Q2’2021 |
Figure 11. Nigeria Number of Active Telephony Subscribers in Million, 2017-2020 |
Figure 12. Nigeria Number Fintech Start-Ups, 2017-2021 |
Figure 13. Nigeria Volume of Electronic Funds Transfer in Millions, 2016-2020 |
Figure 14. Lagos Quarterly Supply and Take Up IT Power in MW, Q1’2019-Q2’2021 |
Figure 15. Lagos Supply of Different Type of IT Space in MW, Q1’2019-Q2’2021 |
Figure 16. Nigeria Data Center Market Opportunity Assessment, By Types, 2027F |
Figure 17. Nigeria Data Center Market Opportunity Assessment, By Verticals, 2027F |
Figure 18. Nigeria Data Center Market Opportunity Assessment, By Regions, 2027F |
Figure 19. Nigeria Data Center Market Revenue Share, By Companies, 2020 |
Figure 20. Top 100 Tech Start-ups in the Nigerian Ecosystem, By Location |
Figure 21. Top 100 Tech Start-ups in the Nigerian Ecosystem, By Technology |
List of Tables |
Table 1. Nigerian Government’s Key Focus Areas Under National Digital Economy Policy and Strategy, 2020-2030 |
Table 2. Nigeria Data Center Market Revenues, By Types, 2017-2027F ($ Million) |
Table 3. Nigeria Data Center Market Revenues, By Verticals, 2017-2027F ($ Million) |
Table 4. Nigeria Data Center Market Revenues, By Regions, 2017-2027F ($ Million) |
Table 5. Key Tenants Requirement in the Colocation Scenarios |
Table 6. Facility Description of Rack Centre & MainOne |
Table 7. Major Data Centers in Lagos with their Built Capacity and Under Construction Capacity in MW, 2021 |