Nigeria Data Center Storage Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 111.64 Million |
| Market Size (2030) | USD 320.75 Million |
| CAGR (2025 - 2030) | 23.50% |
| Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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 Market Trends
IT and Telecom to Hold Significant Share
- The arrival of 5G promises a major increase in speeds, ultra-low latency, and unforeseen network capabilities, paving the way for groundbreaking applications with real-time connectivity across everything.
- 5G and high-speed flash storage are enabling emerging IoT use cases, leading to major market demand. The introduction of the 5G network in certain parts of the country has boosted the networking and storage capabilities of Nigeria.
- In September 2022, MTN Nigeria and Ericsson launched the first phase of 5G services in parts of Nigeria and Lagos. These 5G services are expected to bolster the development of new-age technologies in Nigeria, including AR, VR, IoT, AI, and others, which would create considerable demand for colocation services by enterprises.
- 5G boasts nearly seven times faster throughput than 4G, reaching speeds of 10 Gbs compared to 1.45 Gbs. This leap complements the significant I/O throughput enabled by enterprise-grade technologies like NVMe and SSDs in servers and storage appliances. The demand for NVMe is increasing in SSD servers and storage appliances, which is expected to drive the market's growth during the forecast period.
- Furthermore, the need to respond to evolving market standards in a compressed time-to-market window has resulted in the widespread use of field-programmable gate arrays (FPGAs) and complementary system-on-chip devices (SoCs). These devices can be configured by diverse types of memories, including flash.
All-Flash Storage to Witness Significant Growth
- The adoption of flash storage is highly dependent on its benefits, such as power consumption, increasing performance, and ease of maintenance, which have been boosting the adoption rate. The increase in hybrid cloud service providers creates a major demand for all-flash storage.
- The indirect impact of the new data center facilities for cloud-based services provided by companies continues to boost the demand. It is expected to attract more opportunities in the future. In October 2022, Google activated its local cloud region for Nigeria to offer better cloud-based security to public entities and government ministries.
- Growing investments in start-ups such as FinTech and e-commerce using big data analytics and IoT applications are expected to increase the demand for all-flash storage in the Nigerian data center market. In 2020, the Nigerian government announced the plan to establish the Centre for Artificial Intelligence and Robotics in Nigeria (CFAIR) to facilitate emerging technologies such as ICT security and networking.
- Big data storage is a compute-and-storage architecture that one can use to collect and manage huge-scale datasets and perform real-time data analyses. With big data and analytics, the data access and processing patterns demand a higher storage performance, along with increased concurrency. Furthermore, SCMs (storage-class memory) are likely to be deployed as a caching layer for an all-flash array. These new developments are expected to offer optimized workload performance whilst lowering storage costs.
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
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Dell Inc.
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Hewlett Packard Enterprise
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Lenovo Group Limited
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Oracle Corporation
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Huawei Technologies Co. Ltd.
- *Disclaimer: Major Players sorted in no particular order
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 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 |
| Network Attached Storage (NAS) |
| Storage Area Network (SAN) |
| Direct Attached Storage (DAS) |
| Other Technologies |
| Traditional Storage |
| All-Flash Storage |
| Hybrid Storage |
| IT & Telecommunication |
| BFSI |
| Government |
| Media & Entertainment |
| Other End Users |
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 Intelligence™ 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.
