Data Center - Morocco

  • Morocco
  • Revenue in the Data Center market is projected to reach US$709.50m in 2024.
  • Network Infrastructure dominates the market with a projected market volume of US$548.80m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.26%, resulting in a market volume of US$917.00m 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

 
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Analyst Opinion

The Data Center Market in Morocco is experiencing subdued growth due to factors such as limited investment in server, storage, and network infrastructure, as well as slow adoption of digital technologies. However, increasing awareness of the benefits of digitalization and convenience offered by online services may drive future growth.

Customer preferences:
The increasing use of cloud computing and data storage has led to a growing demand for data centers in Morocco. This trend is driven by the country's growing digital economy and the need for reliable and secure data management. Additionally, with the rise of remote work and e-learning, there has been a surge in demand for online collaboration tools and virtual meeting platforms, further driving the need for robust data center infrastructure. This shift towards digital solutions is also influenced by the country's young and tech-savvy population, who are more inclined towards digital services and solutions.

Trends in the market:
In Morocco, the Data Center Market is experiencing a significant increase in demand for cloud services and colocation facilities. This trend is driven by the country's growing economy, increased internet penetration, and government initiatives to promote digital transformation. With the rise of remote work and e-commerce, data centers are becoming crucial for businesses to store and manage their data. This trajectory is expected to continue as Morocco positions itself as a regional hub for technology and innovation. Industry stakeholders, such as data center providers and telecommunication companies, are investing heavily in expanding their infrastructure to meet this growing demand. This trend also presents opportunities for collaboration and partnerships between local and international players in the data center market.

Local special circumstances:
In Morocco, the Data Center Market is experiencing growth due to the country's strategic location as a gateway between Europe and Africa. This has attracted international data center operators, as well as local players looking to capitalize on the expanding digital economy. The government has also implemented policies to promote the development of the sector, such as tax incentives and streamlined regulations. Additionally, Morocco's growing IT industry and increasing internet penetration rate have created a demand for data center services, particularly in the financial and telecommunications sectors.

Underlying macroeconomic factors:
The Data Center Market in Morocco is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. With the increasing digitization of businesses and the rise of cloud computing, there is a growing demand for data centers in Morocco. The government's focus on promoting information and communication technology (ICT) and investing in digital infrastructure is also contributing to the growth of the data center market. Furthermore, the country's strategic location between Europe and Africa makes it an attractive destination for international companies looking to establish data centers in the region. This, coupled with Morocco's strong economic growth and stable political environment, creates a favorable market for the data center industry.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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