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South Africa Data Center Market Investment Report 2024-2029: Growth Opportunities in IT, Electrical, Mechanical Infrastructure, General Construction, and Tier Standards - ResearchAndMarkets.com


The "South Africa Data Center Market - Investment Analysis & Growth Opportunities 2024-2029" report has been added to ResearchAndMarkets.com's offering.

The South Africa data center market is expected to reach a value of $3.71 billion by 2029 from $2.28 billion in 2023, growing at a CAGR of 8.44%.

This report analyses the South Africa data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments.

In South Africa, Johannesburg and Cape Town are the hubs for data center development. At the same time, other cities such as Centurion, Durban, and Port Elizabeth, among others, are also expected to grow in the South Africa data center market during the forecast period. In 2023, South Africa received investments from several colocation data center operators, expanding their market presence. For instance, in November 2023, Open Access Data Centres (OADC) grew its Johannesburg data center facility in South Africa, expanding its power capacity to 4MW and 600 racks, expected to be complete in Q1 2024. Equinix and Vantage Data Centers are among the prominent ones.

The South Africa data center market witnessed growth in investments from cloud providers such as AWS, Google, Microsoft, Huawei, and Oracle. For instance, in April 2023, AWS announced its plan to invest $1.66 billion in expanding its cloud infrastructure in South Africa by 2029. Digital connectivity is growing strongly with the advent of submarine cables, such as 2Africa, which is supposed to be operational by 2024, and T3, which is supposed to be operational by the end of 2024, helping to reduce latency. This reduction in latency has made it possible for data center operators to offer faster and more reliable services to their customers, which has driven investments in the South Africa data center market.

Operators such as Vantage Data Centers, Africa Data Centres, and Teraco (Digital Realty) are procuring renewable energy. This strategic move not only aligns with their sustainability goals but also creates a positive impact on the environment and community. The ICT sector in South Africa has significant potential, which is expected to grow to more than USD 60 billion by 2028. Several enterprises and organizations are migrating their workloads to the cloud platform, boosting the colocation market.

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Key Attributes:

Report Attribute Details
No. of Pages 125
Forecast Period 2023 - 2029
Estimated Market Value (USD) in 2023 $2.28 Billion
Forecasted Market Value (USD) by 2029 $3.71 Billion
Compound Annual Growth Rate 8.4%
Regions Covered South Africa

IT Infrastructure Providers

Data Center Construction Contractors & Sub-Contractors

Support Infrastructure Providers

Data Center Investors

New Entrants

EXISTING VS. UPCOMING DATA CENTERS

For more information about this report visit https://www.researchandmarkets.com/r/jcfk14

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