Middle East & Africa Hyperscale Data Center Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 144 | Report Code: BMIRE00031963 | Category: Technology, Media and Telecommunications
No. of Pages: 144 | Report Code: BMIRE00031963 | Category: Technology, Media and Telecommunications
The Middle East & Africa hyperscale data center market was valued at US$ 1,737.89 million in 2023 and is expected to reach US$ 6,811.48 million by 2031; it is estimated to register a CAGR of 18.6% from 2023 to 2031.
The primary advantage of 5G deployment is associated with its ability to support a wide range of IoT services and applications. As 5G offers much high-speed data with lower latency than the 4G and other networks, the deployment of 5G significantly increases data traffic. The surging data traffic is accelerating the demand for hyperscale data centers to store, process, and distribute data of a wide spectrum of businesses and enterprises. Hyperscale data center facilities offer a cost-effective and scalable solution for storing and processing this data, providing high security, redundancy, and connectivity. Thus, owing to the burgeoning deployment of 5G, various companies worldwide are constructing new hyperscale data centers. In January 2024, ACS Group was selected to build a hyperscale data center campus for Meta in Indiana. For the construction of this data center, ACS Group plans to utilize cutting-edge prefabricated modular assemblies and equipment to support 100% renewable energy through investments in new renewable energy projects.
The hyperscale data center market in the MEA is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of MEA. The Middle East is a developing region with IoT, AI, and big data being an integral part of the digital transformation. The increasing adoption of 5G is raising the need for data storage and further fueling the regional market growth. In addition, the growing digitization in the region is highly benefiting the BFSI industry. For instance, in February 2023, the UAE Central Bank unveiled a new project to drive digital transformation in the financial services sector, including open finance and a new digital currency. This new Financial Infrastructure Transformation Program also includes a domestic card system, an instant payment platform, a financial cloud, and supervisory technologies. Further, to handle the inefficiencies of cross-border payments and help drive innovation for domestic payments, the new Central Bank Digital Currency (CBDC) is used for both domestic and cross-border transactions. Such initiatives in the financial sector are expected to boost the need for data processing and storage solutions, thus fueling the growth of the hyperscale data center market in the MEA.
The Middle East & Africa hyperscale data center market is categorized into solutions, end user, industry vertical, and country.
Based on solutions, the Middle East & Africa hyperscale data center market is segmented into storage, networking, server, security, and others. The storage segment held the largest market share in 2023.
In terms of end user, the Middle East & Africa hyperscale data center market is segmented into colocation providers, enterprises and cloud providers. The colocation providers segment held the largest market share in 2023.
By industry vertical, the Middle East & Africa hyperscale data center market is segmented into BFSI, telecom and IT, government and public, media and entertainment, and others. The BFSI segment held the largest market share in 2023.
By country, the Middle East & Africa hyperscale data center market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa hyperscale data center market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1,737.89 Million |
| Market Size by 2031 | US$ 6,811.48 Million |
| Global CAGR (2023 - 2031) | 18.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Solutions
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
ABB Ltd; Dell Technologies Inc; EdgeConnex Inc.; Cisco Systems Inc; International Business Machines Corp; Fujitsu Ltd; Hewlett Packard Enterprise Development LP; Intel Corp; Juniper Networks Inc; and Schneider Electric SE are some of the leading companies operating in the hyperscale data center market.
The Middle East & Africa Hyperscale Data Center Market is valued at US$ 1,737.89 Million in 2023, it is projected to reach US$ 6,811.48 Million by 2031.
As per our report Middle East & Africa Hyperscale Data Center Market, the market size is valued at US$ 1,737.89 Million in 2023, projecting it to reach US$ 6,811.48 Million by 2031. This translates to a CAGR of approximately 18.6% during the forecast period.
The Middle East & Africa Hyperscale Data Center Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Hyperscale Data Center Market report:
The Middle East & Africa Hyperscale Data Center Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Hyperscale Data Center Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Hyperscale Data Center Market value chain can benefit from the information contained in a comprehensive market report.
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