Data Center Networking Market Size and Growth Analysis by 2024 – Top Key Players are Alcatel-Lucent, Brocade, Cisco, Dell, Fujitsu Global, Hewlett Packard Enterprise, Huawei Technologies, IBM,Intel Corporation, Microsoft, Schneider Electric, Siemens, VM

The unprecedented evolution of cloud computing technology is undeniably driving new levels of innovation in data center networking industry. The extensive penetration of Internet of Things (IoT) has brought a renewed dimension in the business model, where the modern change in traffic patterns expose the limitation of conventional network. In the light of the recent scenario, data center networks are expected to exhibit not only scalability and high performance, but also flexibility, agility, and enhanced automation. Companies ranging from enterprises to cloud service providers are highly influenced by the growing trend of data & network virtualization and are seeking to integrate advanced technology solutions to curtail the overall operational expenditure. Incidentally this has encouraged core tech juggernauts to come up with newer innovations that could potentially change data center networking market dynamics.

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Key industry players involved in the Data Center Networking business and promoting the growth of the global Data Center Networking Market are as follows:

• Alcatel-Lucent
• Arista Networks
• Avaya
• Brocade
• Cisco
• Dell
• Delta Electronics
• Extreme Networks
• Fujitsu Global
• Hewlett Packard Enterprise
• Huawei Technologies
• IBM
• Intel Corporation
• Juniper Networks
• Microsoft
• NEC Corporation
• Schneider Electric
• Siemens
• VMware
• Amazon
• AT&T
• Berkshire Hathaway
• Equinix
• Facebook
• Google
• JPMorgan Chase & Co.
• NTT Communications
• Oracle
• SAP
• Telefónica
• Unisys
• Verizon

The segmentation of the data center networking market indicates that the services segment is anticipated to witness a significant growth to reach over USD 8 billion by 2024. Organizations are increasingly outsourcing management activities such as consulting, repairing, and maintenance to licensed external players. The increase in the construction and modernization of facilities is contributing to the increase of professional services such as installation and integration. Additionally, various organizations do not understand their network requirements such as the scalability of their infrastructure and, in most cases, undermine or overestimate their network and storage requirements, making consulting in the data center networking market a prime requisite.

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The trends in the data center networking market indicates that IT & Telecom and BFSI sectors are prime adopters of the technology with BFSI sector valued at over USD 2.5 billion in 2017. These enterprises are required to store and access large amounts of data, which need to be accessed in real time. Additionally, financial services firms need reliable and fast connectivity to support latency applications for tasks such as online trading and payment processing. Countries including China and India have become hubs of outsourced services owing to the low costs of resources such as labor, technology, and space. India data center networking market was over USD 450 million in 2017. In the aftermath of the Digital India campaign and the Start-up India Stand Up India initiative, there is a rise in the number of IT industries, which has amplified the demand for these technologies within the country.

The declining costs of semiconductor components are anticipated to drive the growth of the data center networking market. Th advent of technologies, primarily in countries including India and the Philippines is done at relatively lower costs as compared to their Western counterparts, contributing to a strong growth potential of the industry. Additionally, the trend of outsourcing to emerging Asian countries is further driving the industry.

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The players operating in the data center networking market comprise Brocade Communications, Arista Networks, Cisco Systems, Inc., Delta Electronics, Inc., Dell, Inc., Hewlett-Packard Enterprise, IBM Corporation, and Juniper Networks. As the industry comprises many players, companies are required to undertake strategies like partnerships, mergers and acquisitions, and invest heavily in R&D to sustain continuous growth. For instance, in February 2015, Hewlett-Packard Enterprise announced the launch of a new line of open network switches for web-scale cloud data centers. The product launch is anticipated to further improve its hold in the provision of cloud capable solutions in the industry. Data center networking industry will grow at a phenomenal pace, with a target valuation of $35 billion by 2024.

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