Market Size of Nigeria Data Center Networking Industry
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 21.24 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Nigeria Data Center Networking Market Analysis
The Nigeria data center networking market reached a value of USD 60.0 million in the previous year, and it is further projected to register a CAGR of 21.2 % during the forecast period.
- Nigeria is among the three countries in Africa with the most interconnected networks that have succeeded in exchanging 70-80 percent of their traffic locally. Nigeria's main cities, including Port-Harcourt, Lagos, Benin City, Kano, and Ibadan, experience higher latency compared to their counterparts in other African countries. With increasing data center facilities, the market is expected to grow.
- The upcoming IT load capacity of the Nigeria data center rack market is expected to reach 220 MW by 2029. The country's construction of raised floor area is expected to increase to 0.6 million sq. ft by 2029.
- The country's total number of racks to be installed is expected to reach 32,000 units by 2029. Johannesburg is expected to house the maximum number of racks by 2029. There are close to eight submarine cable systems connecting Nigeria, and many are under construction
