Data Center - Gambia

Gambia

Revenue in the Data Center market is projected to reach US$3.69m in 2024.
Network Infrastructure dominates the market with a projected market volume of US$1.98m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.92%, resulting in a market volume of US$4.92m by 2029.
In global comparison, most revenue will be generated in the United States (US$123.20bn in 2024).

Key regions: United States, Germany, India, Japan, China

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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Market

Region

Region comparison

Currency

Analyst Opinion

The Gambia's Data Center market is experiencing minimal growth, influenced by factors such as limited adoption of digital technologies, low health awareness, and inadequate infrastructure for online services. This is reflected in the sub-markets of Servers, Storage, and Network Infrastructure, which face challenges in meeting the demands of a developing country. However, with increasing government support and investments, the market is expected to see steady growth in the coming years.

Customer preferences: With the rapid growth of the technology sector in Gambia, there has been a significant increase in demand for data center services. This can be attributed to the country's growing population and the rise of digital businesses. As a result, there is a shift towards cloud-based solutions and remote management of data, driven by the need for reliable and secure data storage. Additionally, with the rise of e-commerce and digital payments, there is a growing need for data centers to ensure uninterrupted online transactions and services.

Trends in the market: In Gambia, the Data Center Market is experiencing a trend towards cloud computing, with an increasing number of businesses opting for cloud-based solutions. This trend is driven by the need for cost-effective and scalable IT infrastructure, as well as the growing demand for data storage and processing capabilities. Additionally, there is a rise in the adoption of renewable energy sources in data centers, as the country aims to reduce its carbon footprint. These trends have significant implications for industry stakeholders, as they pave the way for more efficient and environmentally sustainable data center operations in the future.

Local special circumstances: In Gambia, the Data Center Market is still in its early stages, but it is expected to see significant growth in the coming years. One of the key factors driving this growth is the government's focus on developing the country's digital infrastructure. Additionally, Gambia's strategic location on the west coast of Africa makes it an ideal location for data centers serving both regional and international markets. The country's growing youth population and increasing internet penetration are also contributing to the demand for data center services. Furthermore, Gambia's stable political environment and pro-business policies make it an attractive destination for data center investments.

Underlying macroeconomic factors: The Data Center Market in Gambia is impacted by macroeconomic factors such as government policies, infrastructure development, and global economic trends. The country's stable political climate and supportive business environment have attracted foreign investments, leading to the growth of the data center market. Additionally, the increasing demand for digital services and the rise of cloud computing are fueling the demand for data center facilities in the country. Moreover, the government's commitment to promoting the country's digital economy and the implementation of favorable policies for data center development are expected to further drive market growth.

Methodology

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.