A report issued by Research and Markets Company reviewed the Kuwaiti data center market and investment opportunities between 2022-2027, noting that the market will achieve a compound annual growth rate of 10% to jump to 166 million dollars in 2022 and up to 295.1 million dollars in 2027.
The report dealt with in-depth analysis data-based insights on the impact of the Corona virus on the data market and growth opportunities, as it said that Kuwait is an emerging center for information technology in the Middle East, reports a local Arabic daily.
The report indicated that within the framework of the Vision 2035 initiative, Kuwait aims to be a “financial and commercial” center in the Middle East, where government agencies and the private sector are turning to digital platforms, which promotes the development of cloud computing, shared sites, and managed facilities, thus promoting the growth of the data market centers.
The report said the rise in the number of Internet users will lead to increased data generation and enhance data traffic. Rapid development in networking, increased support from government agencies, heavy adoption of cloud services, big data and the Internet were strong factors for the growth of the data center industry in Kuwait.
The report indicated that the adoption of VRLA battery-based UPS systems dominates the market with a share of more than 90%, as most data centers are equipped with UPS N1 systems that can be expanded up to 2N according to customer requirements, and the establishment of new projects in Kuwait dominates the market in addition to developing establishment of local standard data centers.
In July 2020, Ooredoo and Batelco entered into a partnership to launch Global Zone Kuwait, which will provide an ecosystem to support the country’s digital transformation.