Press release
Data Center Networking Market Growth Amid New Technological Possibilities With Companies Such as Arista Networks, Cisco, Delta Electronics, Extreme Networks, Huawei Technologies, Juniper Networks, Amazon, Google, Unisys, Verizon
Data Center Networking Market
The high growth of the data center networking market is strongly aided by the increasing focus of data centers to improve the bandwidth speed and connectivity. Data centers located in faraway location and in colocation settings store large databases of information that are required immediately. In such a scenario, lags in the relay of data can be detrimental to business operations, fueling the demand for advanced networking technologies such as 100 Gbps and 400 Gbps Ethernet switches and silicon photonics.
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The data center networking market is gaining traction owing to the rising adoption of cloud deployments. IoT and cloud computing provide significant cost savings to businesses in terms of reduced capital expenditure and maintenance charges. This has led to the need for replacing traditional networking solutions with hardware that have cloud computing capabilities, fueling the industry growth.
Competitors Analysis: -
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
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Market Segmentation: -
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.
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.
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Regional Analysis: -
The U.S. and Canada data center networking market hold the largest market share of nearly 40% in 2017 and are exhibiting strong movement toward cloud technologies supported by fast internet speeds and the rising popularity of social media and streaming devices. In April 2017, IBM Corporation announced that the company has launched four new cloud data centers in the U.S. with an aim to support the growing demand for cognitive capabilities. The movement toward the cloud requires the replacement of traditional devices with cloud-enabled technologies, fueling the data center networking market growth.
The improvement in the broadband infrastructure in countries including India and China is contributing to the high proliferation of market in the Asia Pacific region, which is expected to over USD 8 billion by 2024.
Browse Related Report: -
“Edge Data Center Market Size, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024”
Link: - https://www.gminsights.com/industry-analysis/edge-data-center-market
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