Data Center Interconnect market in Asia Pacific is projected to grow at the highest CAGR

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

Managed services are expected to witness an above-average growth owing to several benefits, including remote management of customers IT infrastructure and systems of end-users, typically on a proactive basis and under a subscription model. The services market is expected to grow at the highest rate during the forecast period, as services help in achieving critical targets, developing a skillset for improving the internal planning and control process, and remotely managing customers IT infrastructure and systems of end-users.

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"North America held the largest share of data center interconnect market in 2019."

North America accounted for the largest share of the data center interconnect industry in 2019. An increase in the use of data centers across various business verticals and early adoption of the latest technologies in the region is expected to drive the market in this region. Several US-based companies such as Amazon Web Services (AWS), Google, and Microsoft are increasing their investments in data center construction. The growth will be driven by the US, where data centers manage high volumes of data generated. Extensive use of optical interconnects in the data centers of the US is another driving factor for the market in this region.

The major players in the data center interconnect market are Ciena Corporation (US), NOKIA Corporation (Finland), Huawei Technologies Co., Ltd. (China), Juniper Network Inc. (US), Infinera Corporation (US), ADAVA Optical Networking (Germany), CISCO Systems, Inc. (US), Extreme Network (US), and Fujitsu (Japan).

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