Increased digitization, investment in cloud-based services drive growth of Africa data center market, report
The Africa data center market is likely to grow at a CAGR of around 14 per cent during the period 2018 – 2024 according to a recent report by Research and Markets.
icolo.io, MainOne (MDXi), Cloud Exchange Datacenter, Amazon Web Services (AWS), and Medallion Communications are the prominent investors in the Africa data center market. Digitization is considered an important avenue for the African economy. It is transforming African economies through retail payments systems, financial inclusion, sustainable business models, and revenue administration.
Governments in the region are taking several initiatives to replace legacy systems and migrate to cloud-based services as part of smart city initiatives. IaaS is expected to grow at a CAGR of 40%, followed by SaaS at 30% with enterprises increasingly shifting to the public cloud platform. There has been a surge in colocation data center investment in markets such as Kenya, Nigeria, Morocco, and Senegal in the past two years. Governments are taking initiatives to increase the share of renewable energy in the electricity generation.
Increased digitization in African countries, the adoption of cloud-based services, migration from server rooms to managed, colocation, and hybrid infrastructure services are driving the investment in the Africa data center market. The report provides an in-depth market and segmental analysis of the Africa data center market by electrical infrastructure, mechanical infrastructure, tier standards, general construction, and countries.
