Africa's Data Center Market to See 15% CAGR Through 2026

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Researched by Industrial Info Resources (Sugar Land, Texas)--According to a report released by Reportlinker.com, Africa's data center market has grown steadily due to the COVID-19 outbreak, resulting in heightened access to internet-related services, aided by nationwide lockdowns and restrictions. The report says the market size was valued at US$2 billion in 2020, and is expected to reach US$5 billion by 2026, growing at a compound annual growth rate (CAGR) of 15% from 2021 through 2026.

Smart city initiatives, submarine cable deployment, Big Data, internet of things (IoT), cloud technology, and migration from on-premises infrastructure to colocation and managed service are some of the key factors fueling the data center growth in the region.

Investments in submarine cables have increased over the years, with governments and enterprises continuously strengthening their fiber infrastructure for better connectivity with other countries. Many telecommunication providers and hyperscale data center operators are looking to enhance their connectivity to the Middle East through the deployment of fiber optic cables.

Industrial Info is tracking 111 data center projects, worth US$1.2 billion, in Africa. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a full list of detailed reports.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.