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Explore 3 key game changing factors for Nigeria’s $280 Mn Data Center Industry: Ken Research

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GURUGRAM, India, Oct. 10, 2023 /PRNewswire/ — Nigeria data center market is expected to generate more than USD ~280 Mn by 2027 owing to the investments happening in hyperscale and co-location services and increasing internet penetration: Ken Research

Ecosystem of Nigeria Data Center Market
The Nigeria Data Center industry is consolidated with top players holding more than 70% market share. The players compete with each other on the basis of number of data centers, IT load, gross floor area, total white space, number of racks, geographical presence, etc.
Key Market Findings:
Nigeria is promoting a fully digital economy by 2030 through the National Digital Economy Policy and Strategy (NDEPS 2020-2030).The growing fintech and startup ecosystem needs dynamic data centers to survive. So far, many of these companies host their data offshore, as reliability and scalability concerns have forced companies to look elsewhere.However, as the attention of international data center operators shifts to the country, the sector will become more robust and reliant on local hosting.Interested to Know More about this Report, Request a Free Sample Report
Launch of 5G: The growth of the data center market in Nigeria is owing to the launch of 5G. E-commerce platforms and fintech (financial technology) will greatly benefit from 5G networks. Launch of 5G will strengthen the digital economy in the nation and hereby accelerate growth in data center market. The launch of 5G technology in Nigeria is poised to catalyze substantial growth in the data center market. With its remarkable network speed, low latency, and support for IoT and edge computing, 5G will enable faster and more efficient data processing and transmission.
This boost in connectivity and data processing capabilities is expected to greatly benefit industries like e-commerce and fintech, enhancing the online shopping experience, expediting financial transactions, and supporting the growth of the digital economy. As businesses in these sectors expand their operations and adopt IoT solutions, the demand for scalable and reliable data center services will surge, making data centers a critical infrastructure component in Nigeria’s evolving digital landscape.
Visit this Link: – Request for custom report
Nigeria Data Protection Regulation (NDPR): NDPR is a growth driver of data localization initiatives and the increasing development of data centers in the country leading to increased local data storage and computing requirements. Future data center demand, especially from a colocation perspective, will come from sectors such as cloud and large technology companies expanding their operations in West Africa.
Increase Internet Penetration: Improvement in network connectivity, government support, and rapid growth in the adoption of big data, and IoT services have been strong enablers for the growth of the industry in Nigeria. Internet penetration in Nigeria is increasing year over year, which will thereby accelerate data center market in Nigeria.
Analysts at Ken Research in their latest publication “Nigeria Data Center Market Outlook to 2027” observed that the Nigeria data center market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increased internet penetration and the launch of 5G. The Nigeria Data Center Market is expected to grow at robust CAGR over the forecasted period 2022 -2027.
Market Taxonomy
By Vertical
Hyper Scale DC
Co-location DC
Managed DC
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By Type of Co-location
Wholesale Co-location
Retail Co-location
By End User
Telecom and IT
BFSI
Government
E-Commerce
Others
For More Insights On Market Intelligence, Refer To The Link Below: –
Nigeria Data Center Market
Related Reports by Ken Research: –
US Data Center Market Outlook to 2027 by service (System integration, monitoring services, professional services), by solution (power, server, management software, networking technology, cooling), by type (enterprise data centre, managed services data centre, colocation data centres, cloud data centres) & by end user (healthcare, BFSI, IT, Telecom)
According to Ken Research estimates, the US Data Center Market grew at a robust rate from 2017-2022 & is forecasted to grow steadily from 2022-2027 driven by rising technological implementation, government schemes such as green energy integration & entry of new players.
Africa Data Center & Cloud Services Market Outlook to 2027 By service (System integration, monitoring services, professional services), by solution (power, server, management software, networking technology, cooling), by type (enterprise data centre, managed services data centre, colocation data centres, cloud data centres) & by end user (healthcare, BFSI, IT, Telecom)
According to Ken Research estimates, the Africa Data Center and Cloud Service Market which grew at a robust rate from 2017-2022 & is forecasted to grow steadily from 2022-2027 driven by rising technological implementation, government schemes such as green energy integration & entry of new players.
Thailand Data Center and Cloud Services Market Outlook to 2027 Driven by rapid adoption to Digitalization, Strong Governments Initiatives and Huge Investments in the region
According to Ken Research estimates, the Thailand Data Center and Cloud Services Market grew from approximately USD 440 Mn and USD 445 Mn respectively in 2017 to about USD 550 Mn and USD 1,390 Mn respectively in 2022. The data centre and cloud services market is forecasted to grow further into USD 840 and USD 3600 Mn respectively by 2027, owing to the new government policies, Major investments, digitization, high-density demand and tech-savvy population.
Philippines Data Center Market Outlook to 2027F Driven by investment from the global players and the transition from colocation to hyperscale with high internet penetration
According to Ken Research estimates, the Philippines Data Center Market – which grew from approximately USD ~0.2 Bn in 2018 to approximately USD ~0.3 Bn in 2022 – is forecasted to grow further into USD ~0.6 Bn opportunity by 2027F, owing to the new government policies, rapid digitalization and cloud adoption.
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Contact Us:-Ken Research Private LimitedAnkur Gupta, Director Strategy and [email protected]+91-9015378249
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ZTE highlights building solid foundations with full-stack intelligent computing solution at MWC Shanghai 2024

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SHANGHAI, June 26, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, will present innovative solutions and success cases in connectivity, computing power, industrial digitalization, and terminal devices at MWC Shanghai 2024, committed to building solid foundations with its full-stack and full-scenario intelligent computing solution.

In addition to exhibitions, ZTE will participate in various forums, sharing insights on trending topics, including AI, 5G, digitalization, etc. Meanwhile, the company will be hosting a series of launch events, showcasing its AI-powered eyewear-free 3D products and the Nebula Telecom Large Model.
Adhering to its “connectivity + computing” strategy, ZTE aims to create a dynamic ecosystem with industry partners, emphasizing openness and decoupling. Through continuous innovation, ZTE seeks to unfold an intelligent future.
Computing Power: Full-Stack Intelligent Computing as Efficient Foundation
ZTE provides a full-stack and full-scenario intelligent computing solution involving computing power, networks, capabilities, intelligence, and applications. With a full series of servers, high-performance storage products, lossless networks, and green data centers, ZTE has created a robust engine for diverse intelligent computing centers.
Connectivity: A New Era of 10Gbps Experience
Together with industry partners, ZTE continues to explore innovations in 5G-A technologies across different scenarios and industries, and empowers diversified new B2B and B2C services based on 10Gbps+ experience. Meanwhile, ZTE is also leading in global OTN technologies, and actively driving the evolution of all-optical connectivity, building 10Gbps networks for cities, and empowering smart life based on intelligent computing.
Industry: Phygital Convergence for Innovative Development
ZTE proposes the solution of “intelligent computing infrastructure + Digital Nebula,” facilitating phygital innovation and boost productivity in the intelligent era. ZTE has developed hundreds of exemplary projects in key sectors and ZTE Digital Nebula 3.0 has become the “super brain” of industrial digitalization, enabling customers and industry partners to foster a sustainable and intelligent ecosystem.
ZTE Mobile Devices: AI Full-Scenario Intelligent Ecosystem 3.0
With “AI for All” product strategy, ZTE has launched a full range of AI devices, including smartphones, tablets, laptops, PCs, and mobile internet products, dedicated to building AI Full-Scenario Intelligent Ecosystem 3.0. Emerging as a pioneer in cloud PCs, ZTE possesses a global user base of over 3 million.
For more information about ZTE’s highlights at MWC Shanghai 2024, please visit: https://www.zte.com.cn/global/about/news/zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024.html
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Artificial Intelligence

Comviva named a Visionary in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report

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NEW DELHI, June 26, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced that it has been named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report.

Gartner defines the market of AI in communications service provider (CSP) customer and business operations as commercial off-the-shelf (COTS) products. They are either capabilities embedded in CSP-specific operational technology (OT) applications (such as channels, CRM and other business support system [BSS] applications) or industry-agnostic horizontal applications delivering AI/machine learning (ML)-based customer and business operations to CSPs. CSP customer and business operations refer to marketing, sales, customer acquisition, customer journey, billing and revenue management, revenue assurance, and related risk management. The scope of AI products covers data readiness, life cycle management of algorithms and their application to CSP customer and business operations.
Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ and BlueMarble solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization, contextualized customer experiences, and intelligence-driven commerce at scale. Comviva has been noted for its strength in content creation, natural language generation, decision intelligence and machine learning.
“To thrive in today’s digital economy, businesses must accelerate the adoption of AI and related digital technologies. Comviva’s greatest strength has been our intelligent platforms that deliver personalized experiences and engagement across the customer journey,” said Rajesh Chandiramani, CEO at Comviva. “We are excited by this recognition as we believe that this affirms our strategic direction and leadership in revolutionizing telecommunications with AI. Comviva’s strong position in the quadrant validates our commitment and progress toward leveraging next-gen technologies in our solutions to deliver exceptional customer experiences.”
Comviva integrates state-of-the-art AI technologies across its comprehensive product portfolio, driving innovation, enhancing customer experiences, and optimizing business operations for Communications Service Providers (CSPs) around the world.
Source: Gartner Magic Quadrant for AI in CSP Customer and Business Operations, by Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
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Sundeep Mehta, +91()9910030732, [email protected] 
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Artificial Intelligence

Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity

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The search for technology to support model portfolio management and portfolio construction services is increasing as companies look to centralise and scale their model portfolio management and compete in a rapidly growing market.
LONDON, June 26, 2024 /PRNewswire/ — The utilisation of model portfolios among financial advisers has emerged as a transformative force, with staggering growth in model portfolios projected to continue over the next decade. And with good reason, they offer an efficient method for diversification, risk management, and portfolio construction, with personalisation features to match the unique financial goals and risk tolerances of clients.

Financial advisers are also increasingly turning to asset managers for assistance in managing the model portfolios they build and maintain for clients. Jacobi’s model management technology enables asset managers to scale the portfolio construction services they offer financial professionals. The technology enables a platform that can centralise performance and risk analytics, integrate investment workflows, and produce professional reports to share with clients.
An early adopter of Jacobi’s model technology, leading asset manager T. Rowe Price has seen improved process efficiencies and enhanced engagement with clients.
Chris Augelli, Head of Advisor Engagement & Portfolio Construction Solutions at T. Rowe Price, says:
“Jacobi’s technology has enabled us to work faster and handle the increasing demand for our portfolio construction services. Having the team on one common platform through Jacobi has facilitated collaboration in real-time, which has supported our effectiveness in meeting clients’ needs.”
Tanya Bartolini, Chief Revenue Officer at Jacobi, says:
“Our technology helps us partner with asset managers such as T.Rowe Price to scale and connect workflows, driving enormous efficiencies – and ultimately increasing their market distribution.”
About Jacobi
Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis, and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics, and applications.
Founded in 2014, Jacobi provides its technology to top-tier investors across the globe, including some of the world’s leading asset and wealth managers, pension funds, asset owners, and investment consultants. 
About T.Rowe Price 
Founded in 1937, T. Rowe Price helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investments. T. Rowe Price manages $1.54 trillion in client assets as of May 31, 2024, and it serves millions of clients globally.
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