Press release
Data Center Networking Market to Rise at 14.3 % CAGR With Global Leading Players - Arista Networks, Brocade, Fujitsu, Juniper Networks, NEC Corporation, VMware, AT&T, Berkshire Hathaway, Google Inc., Oracle, Telefónica, Unisys, Verizon
Data Center Networking Market
The following manufacturers are covered in this report: 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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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.
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.
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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.
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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.
Data center networking market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:
Data Center Networking Market, By Component
• Solution
• Ethernet switches
• Routers
• Servers
• ADC
• Others
• Service
• Professional
• Managed
Data Center Networking Market, By End-Use
• Colocation
• BFSI
• Energy
• Government
• Healthcare
• Manufacturing
• IT & telecom
• Others
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