Namibia Data Center Colocation Market revenue is projected to grow at a CAGR of 9.9% during 2024-2030F

Retail colocation segment by type held the highest revenue share of India Barium Carbonate Market -6Wresearch

In 2023, retail colocation garnered the highest revenue share due to its appeal to businesses and enterprises seeking flexible, scalable solutions without substantial capital investment. For instance, Paratus Namibia’s expansion of fiber-optic networks has increased internet usage in the country, driving demand for retail colocation services.

According to 6Wresearch, Namibia Data Center Colocation Market revenue is projected to grow at a CAGR of 9.9% during 2024-2030F. The market witnessed significant developments in recent years driven by the country's increasing digital transformation efforts as exemplified by the activation of Google’s Equiano subsea cable in 2023, connecting Namibia with global networks thereby boosting its data capacity. Moreover, the expansion of fiber-optic networks by companies like Paratus Namibia, which connected over 40,000 households in 2023, coupled with the rollout of 5G technology in 2024 is boosting data traffic leading to a rise in the demand for colocation services to handle more complex data storage and processing needs.

Furthermore, government initiatives like the National Broadband Policy (2019-2029) are contributing to this growth, targeting 95% broadband coverage by 2024 and positioning the ICT sector as a crucial driver of data center colocation demand as this expansion is expected to result in higher data usage and increased need for scalable data storage solutions.

According to Dhaval, Research Manager, 6Wresearch, Large enterprises are expected to hold the highest revenue share in Namibia's colocation market by 2030, due to their extensive data management requirements and the scalability offered by wholesale colocation. Government policies, including Vision 2030 and investments in digital infrastructure, are expected to support the growth of this segment. Further, SMEs are anticipated to witness the fastest growth in upcoming years owing to the growing adoption of digital services.

Namibia Data Center Colocation Market (2024-2030) report provides an in-depth analysis with 16 figures and 3 tables, covered in 51 pages. The report comprehensively covers the market by type, industry and end-use. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.