Nigeria Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Nigeria Data Center Storage Market Report is Segmented by Storage Technology (Network Attached Storage (NAS), Storage Area Network (SAN), and Direct Attached Storage (DAS)), Storage Type (Traditional Storage, All-Flash Storage, and Hybrid Storage), and End User (IT & Telecommunication, BFSI, Government, Media & Entertainment, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Nigeria Data Center Storage Market Size

Nigeria Data Center Storage Market Summary

Nigeria Data Center Storage Market Analysis

The Nigeria Data Center Storage Market size is estimated at USD 111.64 million in 2025, and is expected to reach USD 320.75 million by 2030, at a CAGR of 23.5% during the forecast period (2025-2030).

As one of the biggest economies in Africa with one of the largest youth populations in the world, Nigeria is well-positioned to develop a strong digital economy. The Nigerian government's proactive role in shaping the digital landscape is pivotal. Policy frameworks like the National Digital Economy Policy and Strategy have been launched to harness the full potential of the digital economy. This has increased the demand for data centers in the country, which is catering to the demand for storage solutions.

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Nigerian data center market is expected to reach 220 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 0.6 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 32,000 units by 2029. Lagos is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to eight submarine cable systems connecting Nigeria, and many are under construction.

Nigeria Data Center Storage Industry Overview

The Nigerian data center storage market is consolidated among the players and has gained a competitive edge in recent years. Some of the major players are Dell Inc., Hewlett Packard Enterprise, and Lenovo Group Limited. These players, with a prominent market share, focus on expanding their customer base across the region. They leverage strategic collaborative initiatives to increase their market share and profitability.

  • For instance, in March 2024, Seagate launched the Exos X24 CMR 7,200 rpm Helium SATA and SAS 3.5-inch 24 TB HDD with 10 platters. They are designed for maximum storage capacity and the highest rack-space efficiency. Exos X24 is purpose-built for hyperscale with performance and proven technology. The helium 3.5-inch 7,200 rpm nearline drive offers both SATA and SAS interfaces and delivers enhanced caching that performs up to 3x better than solutions that only utilize read or write caching.

Nigeria Data Center Storage Market Leaders

  1. Dell Inc.

  2. Hewlett Packard Enterprise

  3. Lenovo Group Limited

  4. Oracle Corporation

  5. Huawei Technologies Co. Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Nigeria Data Center Storage Market Concentration
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Nigeria Data Center Storage Market News

  • June 2023: Huawei launched its innovative F2F2X (flash-to-flash-to-anything) data center architecture at the Huawei Intelligent Finance Summit 2023 (HiFS 2023). This architecture provides a reliable data foundation for financial institutions facing challenges from new data, applications, and resilience needs.
  • April 2023: Hewlett Packard Enterprise announced new file, block, disaster, and backup recovery data services designed to help customers eliminate data silos, reduce cost and complexity, and improve performance. The new file storage data services deliver scale-out, enterprise-grade performance for data-intensive workloads, and the expanded block services provide mission-critical storage with mid-range economics.

Nigeria Data Center Storage Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumption and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Dynamics

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Digitalization and Emergence of Data-centric Applications
    • 4.2.2 Evolution of Hybrid Flash Arrays
  • 4.3 Market Restraints
    • 4.3.1 Compatibility and Optimum Storage Performance Issues
  • 4.4 Value Chain/Supply Chain Analysis
  • 4.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Assessment of COVID-19 Impact

5. MARKET SEGMENTATION

  • 5.1 By Storage Technology
    • 5.1.1 Network Attached Storage (NAS)
    • 5.1.2 Storage Area Network (SAN)
    • 5.1.3 Direct Attached Storage (DAS)
    • 5.1.4 Other Technologies
  • 5.2 By Storage Type
    • 5.2.1 Traditional Storage
    • 5.2.2 All-Flash Storage
    • 5.2.3 Hybrid Storage
  • 5.3 By End User
    • 5.3.1 IT & Telecommunication
    • 5.3.2 BFSI
    • 5.3.3 Government
    • 5.3.4 Media & Entertainment
    • 5.3.5 Other End Users

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Dell Inc.
    • 6.1.2 Hewlett Packard Enterprise
    • 6.1.3 Lenovo Group Limited
    • 6.1.4 Oracle Corporation
    • 6.1.5 Huawei Technologies Co. Ltd
    • 6.1.6 SMART Modular Technologies Inc.
    • 6.1.7 QSAN Technology Inc.
    • 6.1.8 ADATA Technology Co. Ltd
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Nigeria Data Center Storage Industry Segmentation

Data center storage encompasses devices, hardware, networking equipment, and software technologies facilitating the storage of data and applications within data center facilities, which are used for storing, managing, retrieving, distributing, and backing up digital information within such facilities.

The Nigerian data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), and direct attached storage (DAS)), storage type (traditional storage, all-flash storage, and hybrid storage), and end user (IT & telecommunication, BFSI, government, media & entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Storage Technology Network Attached Storage (NAS)
Storage Area Network (SAN)
Direct Attached Storage (DAS)
Other Technologies
By Storage Type Traditional Storage
All-Flash Storage
Hybrid Storage
By End User IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End Users
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Nigeria Data Center Storage Market Research FAQs

How big is the Nigeria Data Center Storage Market?

The Nigeria Data Center Storage Market size is expected to reach USD 111.64 million in 2025 and grow at a CAGR of 23.5% to reach USD 320.75 million by 2030.

What is the current Nigeria Data Center Storage Market size?

In 2025, the Nigeria Data Center Storage Market size is expected to reach USD 111.64 million.

Who are the key players in Nigeria Data Center Storage Market?

Dell Inc., Hewlett Packard Enterprise, Lenovo Group Limited, Oracle Corporation and Huawei Technologies Co. Ltd. are the major companies operating in the Nigeria Data Center Storage Market.

What years does this Nigeria Data Center Storage Market cover, and what was the market size in 2024?

In 2024, the Nigeria Data Center Storage Market size was estimated at USD 85.40 million. The report covers the Nigeria Data Center Storage Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Nigeria Data Center Storage Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Nigeria Data Center Storage Industry Report

Statistics for the 2025 Nigeria Data Center Storage market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Nigeria Data Center Storage analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Nigeria Data Center Storage Market Report Snapshots

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Nigeria Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)