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.

Pixels has been announced as Africa’s Most Outstanding Technology Company of the Year 2023.This award was presented to the company at the African Brands Congress 2023 held in Lagos. The African Brand Leadership Merit Awards is an initiative of the African Brand Congress . The congress is designed to educate, engage and inspire brand managers…

 

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