Over the past decade, the once-niche piece of IT infrastructure — data centers — has become the talk of the investment world and a massive revenue driver for tech giants. Amazon Web Services generate almost 20% of the ecommerce giant's revenue today. At the same time, Nvidia, the supplier of parts for modern cloud storage and processing data centers, has grown into the world`s third-largest tech company. The surging use of AI technologies, which require significant computing power and storage, has only fuelled the data center boom, which is expected to continue in the following years.
According to data presented by Stocklytics.com, the global data center market is expected to grow by 30 per cent and hit over $430 billion value by 2028. A 2023 report by Technext24 had also revealed that Nigeria’s data centre market was expected to hit a valuation of $288.8 million by 2027. This is according to a report by Research and Markets titled Nigeria Data Centre Market Outlook to 2027.
Read more at Newtelegraphng
According to data presented by Stocklytics.com, the global data center market is expected to grow by 30 per cent and hit over $430 billion value by 2028. A 2023 report by Technext24 had also revealed that Nigeria’s data centre market was expected to hit a valuation of $288.8 million by 2027. This is according to a report by Research and Markets titled Nigeria Data Centre Market Outlook to 2027.
Read more at Newtelegraphng