Nigeria’s data centre market to hit $288m by 2027

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Nigeria's data centre market is expected to hit a valuation of $288.8m by 2027.According to a report by Research and Markets titled Nigeria Data Centre Market Outlook to 2027, Nigeria’s data centre market reached an estimated value of $131.6m in 2022, and by 2027, the market is expected to have experienced an approximate 220 per cent growth.[ad] This substantial growth was attributed to the launch of 5G technologies and the increasing penetration of the Internet in Nigeria.

Nigeria's data centre market is expected to hit a valuation of $288.8m by 2027. According to a report by Research and Markets titled Nigeria Data Centre Market Outlook to 2027, Nigeria’s data centre market reached an estimated value of $131.6m in 2022, and by 2027, the market is expected to have experienced an approximate 220…According to a report by Research and Markets titled Nigeria Data Centre Market Outlook to 2027, Nigeria’s data centre market reached an estimated value of $131.

The Federal Government had set ambitious goals for the nation’s digital future with the National Digital Economy Policy and Strategy . Nigeria aims to transform into a fully digital economy by 2030, thereby driving the need for robust data centre infrastructure. The report also noted that the co-location trend will continue to grow and become a significant revenue driver in Nigeria’s data centre market, accounting for more than half of the market share. Co-location occurs when more than one data-heavy organisation decide to locate their data in the same location. The convenience, security, and reduced power interruptions make co-location an attractive choice for businesses.

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