Dublin, Jan. 24, 2023 (GLOBE NEWSWIRE) -- The "Nigeria Data Center Market - Investment Analysis & Growth Opportunities 2022-2027" report has been added to ResearchAndMarkets.com's offering.

Nigeria data center market is expected to grow at a CAGR of 13.02% during 2022-2027

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.

The growth of the Nigeria data center market is attributed to factors such as the launch of 5G, the interest shown in the market by global operators such as Equinix and Digital Realty, the shift from on-premise facilities to the cloud and colocation data center by enterprises, among other factors.

Implementing the Nigeria Data Protection Regulation (NDPR) will also be a significant driver for the country's increase in data center development, resulting in data localization initiatives and an increase in local data storage and computation requirements.

The future demand for data centers, especially from a colocation perspective, will come from sectors such as cloud and large technology companies to expand their operations in Western Africa. The Renewable Energy Master Plan (REMP) in Nigeria aims to increase the share of renewable energy in the overall energy mix to 23% in 2025 and 36% in 2030.

KEY METRICS

Report AttributeDetails
No. of Pages93
Forecast Period2021 - 2027
Estimated Market Value (USD) in 2021$244.8 Million
Forecasted Market Value (USD) by 2027$510.4 Million
Compound Annual Growth Rate13.0%
Regions CoveredNigeria

KEY HIGHLIGHTS

WHY SHOULD YOU BUY THIS RESEARCH?

VENDOR LANDSCAPE

EXISTING VS. UPCOMING DATA CENTERS

Major Vendors

IT Infrastructure Providers

Data Center Construction Contractors & Sub-Contractors

Support Infrastructure Providers

Data Center Investors

New Entrants

REPORT COVERAGE:

IT Infrastructure

Mechanical Infrastructure

Cooling Systems

General Construction

Tier Standard

For more information about this report visit https://www.researchandmarkets.com/r/17m4tt

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