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

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

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

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• 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

Frequently Asked Questions About the Market Study:

• Does the report consider COVID-19 impact?
  The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.

• How much growth is expected in the Nigeria Data Center Market over the coming years?
  The Nigeria Data Center Market revenue is anticipated to record a CAGR of 17.9% during 2021-27.

• Which segment has captured key share of the market?
  The segment, colocation data center has dominated the market revenues led by usage across telecom & IT sector.

• Which segment is exhibited to gain traction over the forecast period?
  Southwest would record key growth throughout the forecast period 2021-27.

• Who are key the key players of the market?
  The key players of the market include- MainOne, Rack Centre, MTN Group, Medallion, 21^st Century Technologies Ltd. etc.

• Is customization available in the market study?
  Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements

• We also want to have market reports for other countries/regions.
  6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.

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