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The data center interconnect market for services is expected to grow at a higher rate during the forecast period

04-20-2020 11:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

The services market is expected to grow at the highest rate during the forecast period, as they help in achieving critical targets, developing a skillset for improving the internal planning & control process, and remotely managing customers ' IT infrastructure and systems of end-users. The market for managed services is expected to grow at a high CAGR as these provide system management, security management, hardware assurance, and monitoring.



"The enterprise end-user segment of the data center interconnect market is projected to grow at the highest CAGR in terms of value during the forecast period."
Increased employee mobility, adoption of bring-your-own-device, and bring-your-own-application, and big data explosion are impacting the future needs and requirements for enterprise DCI solutions. These include high performance, low latency, and secure optical WDM solutions. The real-time disaster recovery and business continuity application is the most common application for enterprise DCI. The application for dynamic workload scheduling and data replication, particularly cloud-based, will have growth areas for enterprise DCI in the future.

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The data center interconnect market in Asia Pacific is projected to grow at the highest CAGR in terms of value during the forecast period.
APAC is expected to be the fastest-growing data center interconnect industry during the forecast period. Increasing adoption of optical interconnects in data centers, and metro and long-haul networks are the major drivers for the growth in this region. Digital technologies and cloud computing are rapidly transforming the enterprise communications landscape across China and are driving the need for more scalable, flexible, and efficient DCI services. Increased demand for wireless and touch interactivity, video, and demographic analytics is pushing the growth of the DCI market in this country.

Recently, Ciena Corporation acquired the privately-held Centina, a leading provider of service assurance analytics and network performance management solutions. Service providers use Ciena's Blue Planet Packet DCI solution, powered by the Blue Planet MDSO, to intelligently automate operations and end-to-end service fulfillment across multi-vendor domains.

The focus currently lies in accelerating the Blue Planet's software strategy of providing closed-loop intelligent automation solutions that help communications service providers improve operational agility while delivering highly differentiated customer experience. Currently, Ciena Corporation's focus lies in the North American market. However, Ciena could extend its geographic focus by driving organic growth in the APAC market.

Mr. Sanjay Gupta
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
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USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

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