Data Center

Revenue in the Data Center market is projected to reach US$84.91m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$51.09m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.75%, resulting in a market volume of US$112.30m by 2029.
In global comparison, most revenue will be generated United States (US$123.20bn in 2024).

Definition:

The Data Center market is a critical segment of the technology industry focusing on supplying and managing physical infrastructure necessary for hosting and operating IT systems, primarily servers, storage, and network equipment. This market spans from traditional in-house data centers to sophisticated facilities offered by specialized providers, covering services like hosting, shared data center facilities, and managed data center solutions. It targets a diverse client base, ranging from small businesses to large enterprises, offering flexible, scalable solutions for their IT infrastructure needs. This sector is integral to the efficient functioning and security of IT operations in various organizations.

Structure:

The Data Center market is structured in three markets based on the services model provided by the companies.

The Server market covers the resources and services related to servers, integral for hosting websites, managing databases, and supporting cloud computing.
The Storage market covers the resources and services related to data storage systems, crucial for archiving, data backup, and ensuring data recovery.
The Network Infrastructure market covers the resources and services related to network hardware essential for ensuring connectivity, data transmission, and network security.

Additional Information:

The Data Center market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Market values represent revenues paid to primary vendors at the manufacturer price level either directly or through distribution channels (excluding VAT). Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Data Center market include companies such as Dell, HPE, Huawei, and Ericsson.

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Network Infrastructure, such as Cisco Routers and Switches, and Arista Network Ethernet Switches
Infrastructure Firewalls, such as Palo Alto Network Next-Generation Firewall, and Fortinet FortiGate Firewalls
Servers, such as Dell PowerEdge Servers, HPE ProLiant Servers, and IBM Power Systems
Storage, such as Dell EMC Storage Solutions, and NetApp Data Storage Systems

IT Infrastructure for Private Environments, such as VMware vSphere, and Cisco UCS
Software, such as Microsoft Windows Server, and Red Hat Enterprise Linux
Cloud Hosting Services, such as AWS, Microsoft Azure, and GCP
Network Infrastructure Services, such as IT Support Services, and Home Internet Services Providers (ISPs)

The Data Center Market in Cameroon is witnessing steady growth, driven by factors such as increasing demand for digital infrastructure, rising awareness about data security, and the need for efficient storage and networking solutions. Despite minimal growth, factors such as limited internet penetration and high costs of technology adoption are impacting the market's growth rate.

Customer preferences: One noticeable trend in the Cameroon data center market is the growing adoption of cloud-based solutions by businesses. This is driven by the increasing demand for flexible and scalable IT infrastructure, as well as the need for remote work and collaboration tools. Additionally, with the rise of e-commerce and digital payment systems, there is a growing need for secure and reliable data storage and processing solutions. This shift towards cloud-based services is also influenced by the country's young and tech-savvy population, who are accustomed to using digital platforms for various aspects of their daily lives.

Trends in the market: In Cameroon, the Data Center Market is experiencing a trend towards increased adoption of cloud computing solutions, as businesses seek to streamline operations and reduce costs. This trend is expected to continue, with the market projected to grow at a CAGR of 14.2% from 2020 to 2025. This shift towards cloud-based solutions has significant implications for industry stakeholders, as it allows for greater scalability, flexibility, and cost-effectiveness. Additionally, the rise of data-driven technologies such as artificial intelligence and the Internet of Things is driving demand for data centers in Cameroon, creating new opportunities for market players.

Local special circumstances: In Cameroon, the Data Center Market is heavily influenced by the country's rapidly growing digital economy and the government's efforts to promote digitalization. With the increasing demand for cloud computing and data storage solutions, the market is driven by the need for modern and reliable infrastructure. Additionally, the unique geographical location of Cameroon, situated in the heart of Africa, makes it a strategic hub for data center operations, serving both local and international markets. The country's bilingualism, with French and English as official languages, also plays a crucial role in attracting international investments and fostering a diverse and competitive market landscape.

Underlying macroeconomic factors: The Data Center Market in Cameroon is heavily impacted by macroeconomic factors such as the country's economic stability, government policies, and infrastructure development. With the rise in digitalization and the increasing demand for data storage and processing, the government's investment in telecommunication and internet infrastructure is crucial for the growth of the market. Moreover, favorable fiscal policies and a stable economy have also contributed to the growth of the data center market in Cameroon. However, challenges such as limited access to reliable electricity and high internet costs continue to hinder the market's growth potential.

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Although data centers may not make front page news, they serve a critical role as the infrastructure powering the most exciting developments in tech. While data centers were once known as small rooms housed on-site by business users, they have increasingly become extensive, centralized facilities managed by multinational operators. Many organizations rent data center capacity from a so-called colocation provider such as Equinix or Digital Realty, while others subscribe to cloud subscription services to take care of their storage and compute requirements. The global market was forecast to bring in 344 billion U.S. dollars in 2024, propelled by the adoption data intensive technologies.