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Data Center News > Blog > Investments > Nigeria’s data center market to hit $288.8 million by 2027 – Adebowale
Investments

Nigeria’s data center market to hit $288.8 million by 2027 – Adebowale

Last updated: July 16, 2024 5:21 pm
Published July 16, 2024
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Gbenga Adebowale (1) (1)
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Nigeria’s knowledge heart market is poised for important progress, projected to succeed in $288.8 million by 2027, in response to Gbenga Adebowale, enterprise gross sales director for Central Africa at Vertiv. This marks a substantial improve from $131.6 million in 2022, pushed primarily by the rising demand for colocation companies amongst native companies.

The rise in market dimension displays a broader pattern as firms search dependable knowledge options amid the continued evolution of labor environments. As organizations adapt to hybrid and distant work fashions, the necessity for strong digital infrastructure has intensified, resulting in elevated funding in knowledge centre capability.

Colocation companies at present account for over 50% of the market, providing companies important advantages equivalent to enhanced safety, comfort, and diminished energy interruptions. The expansion of the colocation sector aligns with a worldwide pattern, with the worldwide colocation market anticipated to develop at a 6.5% CAGR via 2027, in the end reaching $136 billion by 2028.

In keeping with Adebowale, the continued shifts available in the market have compelled organizations to discover revolutionary options, equivalent to prefabricated modular knowledge centres (PFM). These amenities present speedy deployment, customizability, and scalability, enabling firms to deal with their pressing capability wants effectively.

“Always altering capability calls for and the rise of compute-intensive functions like AI and machine studying are putting unprecedented strain on knowledge centres,” Adebowale acknowledged. He emphasised that the adoption of prefabricated modular options represents a vital technique for companies trying to develop sustainably whereas managing prices.

The evolution of Nigeria’s knowledge centre panorama highlights the growing significance of digital infrastructure in supporting trendy enterprise operations. With the anticipated progress, native firms are anticipated to take a position extra closely in knowledge administration options, solidifying Nigeria’s place as a key participant within the African expertise market.

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As organizations proceed to navigate the complexities of hybrid working preparations, the enlargement of Nigeria’s knowledge centre market underscores a robust dedication to advancing the nation’s digital financial system and making certain companies stay aggressive in a quickly evolving panorama.

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