Data Center Networking Market Analysis & Industry Key Players: Cisco Systems, Inc., Hewlett Packard Enterprise, Arista Networks, Juniper Networks, Microsoft Corporation, Huawei Technologies Co. Ltd., Dell Inc., Avaya Inc., Extreme Networks Inc.

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Data Center Networking Market” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Data Center Networking Market have been elaborated upon in the research report.

Request Free Sample on Data Center Networking Market Research Report @ https://www.mrrse.com/sample/2563

The adoption of data center virtualization and cloud computing has been identified as one of the key driving factors for the global data center networking market. In 2016, the global data center networking market was valued at US$ 63.05 Bn and is expected to reach US$ 228.40 Bn by 2025, expanding at a CAGR of 15.5% during the forecast period.

The global data center networking market is likely to exhibit a CAGR of 15.5% between 2017 and 2025. At this pace, the market’s valuation is forecast to reach US$228.40 bn by the end of 2025, from US$63.05 bn in 2016.

Organizations are becoming more dependent on services provided by data centers with each passing day. As an advanced delivery system of advertising, communications, products, news and services via internet, data centers are gaining in popularity. With the help of hyperscale data centers, which give data center infrastructure on lease, businesses are able to reduce the total cost of ownership (TCO) if not eliminate them completely for organizations. This helps in reducing expenditure on building and maintaining data center infrastructures. The task is instead achieved by data centers, equipped with various data center networking products. These centers are engaged in improving service delivery and risk management for organizations.

Demand for Software Components to Rise at High Pace

Based on component, the global data center networking market has been segmented into hardware, software, and services. Of these, the hardware component emerged dominant in 2016 contributing nearly 52% of the overall market based on revenue. However, exhibiting a CAGR of more than other components, the software segment is forecast to emerge as the most lucrative one in the forecast period. This is primarily attributed to the rising digitization and growing adoption of cloud computing technologies in data centers. In addition, the services segment which held approximately 28% of market share in 2016 is expected to hold a noteworthy market revenue share in 2025.

Browse Detail on Data Center Networking Market Research Report with TOC @ https://www.mrrse.com/data-center-networking-market

Based on industry vertical, the global data center networking market can be segmented into BFSI, education, healthcare, media and entertainment, government, telecommunications, retail, and others. Of these, holding over 21% of the market, the BFSI segment emerged as the lead in 2016. TMR forecasts this segment to continue leading the market through the course of the forecast period. Besides this, the demand for data center networking is forecast to rise considerably in the healthcare sector.

Asia Pacific to Exhibit Most Lucrative Opportunities in Forthcoming Years

The global data center networking is very competitive owing to the high demand of networking components. The key market players profiled in this report are Cisco Systems, Inc., Hewlett Packard Enterprise, Arista Networks, Juniper Networks, Microsoft Corporation, Huawei Technologies Co. Ltd., Dell Inc., Avaya Inc., Extreme Networks Inc. and Brocade networking solutions. 

Regionally, North America, Asia Pacific, Europe, South America, and the Middle East and Africa constitute the key market segments. Among these regions North America emerged dominant in the global data center networking market in 2016. However, during the course of the forecast period Asia Pacific is expected to showcase the highest CAGR of 17.3% between 2017 and 2025. The Asia Pacific data center networking market is chiefly gaining from easy availability to connecting devices such as tablets and smartphones. Besides this economic growth witnessed across emerging nations such as India and China is expected to aid the market’s expansion in the region. Furthermore, the region exhibits a developing IT infrastructure, which help supporting outsourced activities of foreign companies efficiently. Spurred by these factors the demand for data center networking is expected to increase considerably in Asia Pacific in the forthcoming years.

Inquire More about This Report @ https://www.mrrse.com/enquiry/2563

About (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords. 

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us                                                    

State Tower                                        
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/

This release was published on openPR.