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Nigeria Data Center Market Investment Report 2021-2026 Featuring 21st Century Technology, Africa Data Centres, Galaxy Backbone, MDXi, Medallion Communications, Rack Centre, Teraco Data Environments

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Dublin, Aug. 19, 2021 (GLOBE NEWSWIRE) — The “Nigeria Data Center Market – Investment Analysis & Growth Opportunities 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

Nigeria data center market to grow at a CAGR of 17% during 2021-2026.

The data center market in Nigeria is among the fastest-growing markets in Africa. The Nigeria data center market investments are majorly driven by factors such as digitalization, advanced technologies, the presence of major operators, internet penetration, and government initiatives. The COVID-19 pandemic has been a strong market enabler for several digitization initiatives across Nigeria.

Lagos is the primary data center hub in Nigeria, housing most of Nigeria’s total number of data centers. The shift of industry sectors such as BFSI, education, retail, manufacturing, and others towards new technologies such as cloud and big data will aid the market’s growth during the forecast period

.NIGERIA DATA CENTER MARKET VENDOR LANDSCAPE

The rapid growth and development of data center projects will allow new players to enter the Nigerian market. Schneider Electric is one of the major vendors among support infrastructure providers in the Nigerian data center market.

The power instability across the country leads to the installation of power backup equipment such as generators among the facility operators, with diesel generators leading the market. IT infrastructure providers such as NetApp, Lenovo, IBM, and HPE have a strong presence in the Nigerian data center market.

NIGERIA DATA CENTER MARKET INSIGHTS

  • The growing demand for smart devices, the increasing demand for analytics, cloud adoption, and wireless networking technologies have led several organizations in Nigeria to invest in big data and IoT technology.
  • Despite the slowdown in the economy, IT infrastructure providers and data centers have seen an increase in demand due to the shift to remote working in the country.
  • Most facilities in the country are adopting low to medium voltage switchgear as the number of data center investments increases.
  • 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.
  • 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.
  • The implementation of 5G networks will increase the usage of new-class ethernet switches among facilities in the country.
  • The adoption of water and air-based chillers in the facilities will gain traction as the region experiences a moderate climate.
  • Greenfield data center projects are witnessing increased investment from local and global service providers as they aim to expand their presence in the country.

KEY HIGHLIGHTS OF THE REPORT:

  • Over 90% of Nigeria’s data is still hosted abroad. Many government Ministries, Departments, and Agencies (MDAs) in Nigeria host their data outside the country. Improved digital infrastructure and connectivity will increase the demand in the country, leading to further growth of data centers.
  • Nigeria has the presence of renowned contractors such as Arup, that was involved in designing the data center facility for Rack Centre in Lagos.
  • The penetration of AI and ML to monitor the facilities is likely to increase in the market and improve the efficiency of the facility operations.
  • 21st Century Technology (21CTL) along with Konet has announced an edge hyperscale data center project in Nigeria, to be operational in 2022. The company is also building data centers in Apapa and Ikoyi, as well as edge data centers in Victoria Island, Maryland, and Ikeja.
  • The market size of Tier IV facilities is expected to reach more than USD 15 million by 2026, growing at a CAGR of 24.42%.
  • Due to the increased risk of physical security attacks in the country, facilities in Nigeria, are deploying additional security measures such as multi-factor authentication and anti-climb perimeter fences.
  • Modular data centers are also extensively deployed in the country as a low-cost option to traditional data center deployment. Huawei Technologies is one of the significant vendors supplying modular facilities in the region.

IT Infrastructure Providers

  • Arista Networks
  • Broadcom
  • Cisco Systems
  • Dell Technologies
  • Hewlett Packard Enterprise (HPE)
  • Huawei Technologies
  • IBM
  • Jupiter Networks
  • Lenovo
  • NetApp

Construction Constructors & Sub-Contractors

  • Arup
  • CAP DC
  • Edarat Group
  • Future-tech
  • Interkel
  • JLB Atchitects
  • NLE

Support Infrastructure Providers

  • ABB
  • Caterpillar
  • Cummins
  • Eaton
  • Envicool
  • Legrand
  • Rittal
  • Schneider Electric
  • Siemens
  • STULZ
  • Vertiv Group

Investors

  • 21st Century Technology
  • Africa Data Centres
  • Galaxy Backbone
  • MainOne (MDXi)
  • Medallion Communications
  • Rack Centre
  • Teraco Data Environments

WHY SHOULD YOU BUY THIS RESEARCH?

  • Market size available in the investment, area, power capacity, and colocation revenue.
  • An assessment of the Nigeria data center investment in the market by colocation, hyperscale, and enterprise operators
  • Data center investments in terms of white floor area (square feet) and power capacity (MW) across cities in the country
  • A detailed study of the existing Nigeria data center market landscape, an in-depth industry analysis, and insightful predictions about the Nigeria data center market size during the forecast period
  • Snapshot of existing and upcoming third-party facilities in Nigeria
  • Facilities Covered (Existing): 11
  • Facilities Identified (Upcoming): 9
  • Coverage: 2 Cities
  • Existing vs. Upcoming (Data Center Area)
  • Existing vs. Upcoming (IT Load Capacity)
  • Data center colocation market in Nigeria
  • Market Revenue & Forecast (2020-2026)
  • Retail Colocation Pricing
  • Classification of the Nigeria data center market investments into multiple segments and sub-segments (IT, power, cooling, and general construction services) with market sizing and forecast.
  • A comprehensive analysis of the latest trends, growth rate, potential opportunities, and growth restraints, and prospects for the data center market.
  • Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market
  • A transparent research methodology and the analysis of the demand and supply aspect of the market

REPORT COVERAGE:

EXISTING VS. UPCOMING DATA CENTERS

  • Existing Facilities in the region (White Floor Area and Power Capacity)
  • Lagos (No. of facilities: 10)
  • Abuja (No. of facilities: 1)
  • List of Upcoming Facilities in the region (White Floor Area and Power Capacity)

NIGERIA DATA CENTER INVESTMENT COVERAGE

Infrastructure Type

  • IT Infrastructure
  • Electrical Infrastructure
  • Mechanical Infrastructure
  • General Construction

IT Infrastructure

  • Server
  • Storage
  • Network Infrastructure

Electrical Infrastructure

  • UPS Systems
  • Generators
  • Transfer Switches and Switchgears
  • PDUs
  • Other Electrical Infrastructure

Mechanical Infrastructure

  • Cooling Systems
  • Rack Cabinets
  • Other Mechanical Infrastructure

Cooling Systems

  • CRAC & CRAH Units
  • Chillers
  • Cooling Towers, Condensers, and Dry Coolers
  • Other Cooling Units

General Construction

  • Building Development
  • Installation & Commissioning Services
  • Building & Engineering Design
  • Physical Security
  • DCIM

Tier Segments

  • Tier I & Tier II
  • Tier III
  • Tier IV

For more information about this report visit https://www.researchandmarkets.com/r/eo4ev9


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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