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Africa Data Center Storage Market Size (2024 - 2029)

The Africa Data Center Storage Market is projected to experience significant growth, driven by the increasing demand for data storage and computation capabilities due to the development of smart cities and the rise of edge data centers for high-performance computing. The market's expansion is further fueled by substantial investments from international investors, spurred by the proliferation of smartphones and the mass adoption of business software across the continent. This growth trajectory highlights the increasing market size and share of data centers in Africa, as they become essential to support the burgeoning technology landscape.

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Market Size of Africa Data Center Storage Industry

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Africa Data Center Storage Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.69 Billion
Market Size (2029) USD 1.17 Billion
CAGR (2024 - 2029) 11.20 %
Market Concentration High

Major Players

Africa Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Africa Data Center Storage Market Analysis

The Africa Data Center Storage Market size is estimated at USD 0.69 billion in 2024, and is expected to reach USD 1.17 billion by 2029, growing at a CAGR of 11.20% during the forecast period (2024-2029).

In Africa, the development of smart cities is expected to enable more data generation, leading to higher demand for data storage and computation capabilities. The demand for edge data centers for HPC (high-performance computing) is anticipated to increase over the years. Moreover, international investors are rushing to fund a boom in the African cloud computing market, as the proliferation of smartphones and mass adoption of business software on the continent lead to soaring demand for data centers to power the technology. For instance, London-based private equity firm Actis has decided to invest USD 250 million into African data centers over the next three years.

  • The upcoming IT load capacity of the African data center market is expected to reach 1226 MW by 2029.
  • The region's construction of raised floor area is expected to increase to 5.2 million sq. ft by 2029.
  • The region's total number of racks to be installed is expected to reach 260K units by 2029. South Africa is expected to house the maximum number of racks by 2029.
  • There are close to 70 submarine cable systems connecting Africa, and many are under construction. One such submarine cable that is estimated to start service in 2024 is Africa-1, which stretches over 10,000 kilometers with a landing point in Port Said and Ras Ghareb in Egypt.

Africa 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 African 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), end user (IT & telecommunication, BFSI, government, media & entertainment, and other end users), and country. 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
By Country
South Africa
Nigeria
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Africa Data Center Storage Market Size Summary

The Africa Data Center Storage Market is poised for significant growth, driven by the increasing demand for data storage and computation capabilities due to the development of smart cities and the proliferation of smartphones. The market is experiencing a surge in investments from international players, attracted by the booming cloud computing sector on the continent. The rollout of 5G networks is expected to further bolster the digital economy, enhancing network capabilities and increasing the demand for robust data center infrastructure. Countries like Nigeria and South Africa are at the forefront, with substantial telecom markets and ongoing investments in data center storage solutions to support the rising network traffic and data generation.

In South Africa, the market is characterized by the presence of large enterprises, particularly in the financial services sector, which require resilient and high-performance infrastructure. The introduction of all-flash arrays is transforming the data center storage landscape, offering improved agility and cloud-like application consolidation. Major players such as Dell Inc., Hewlett Packard Enterprise, and Pure Storage Inc. are expanding their presence through strategic collaborations and innovative solutions tailored to the region's needs. Despite the concentration of data center capacity in South Africa, the market is witnessing a competitive edge with aggressive strategies from tech giants like Huawei and Alibaba, aiming to capture significant market shares by offering comprehensive service packages and expanding their cloud presence.

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Africa Data Center Storage Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Digitalization and Emergence of Data-centric Applications

      2. 1.2.2 Demand of Flash Arrays in End Users

    3. 1.3 Market Restraints

      1. 1.3.1 Compatibility and Optimum Storage Performance Issues

    4. 1.4 Value Chain/Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Storage Technology

      1. 2.1.1 Network Attached Storage (NAS)

      2. 2.1.2 Storage Area Network (SAN)

      3. 2.1.3 Direct Attached Storage (DAS)

      4. 2.1.4 Other Technologies

    2. 2.2 By Storage Type

      1. 2.2.1 Traditional Storage

      2. 2.2.2 All-Flash Storage

      3. 2.2.3 Hybrid Storage

    3. 2.3 By End User

      1. 2.3.1 IT & Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Other End Users

    4. 2.4 By Country

      1. 2.4.1 South Africa

      2. 2.4.2 Nigeria

Africa Data Center Storage Market Size FAQs

The Africa Data Center Storage Market size is expected to reach USD 0.69 billion in 2024 and grow at a CAGR of 11.20% to reach USD 1.17 billion by 2029.

In 2024, the Africa Data Center Storage Market size is expected to reach USD 0.69 billion.

Africa Data Center Storage Market Report Snapshots

Africa Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)