Data Center Networking Market Analysis and Forecast 2020: By Keyplayers Google, Inc., Huawei Technologies Co. Ltd., Cisco Systems, Inc., Brocade Networking Solutions, Hewlett Packard Enterprise, Extreme Networks, Inc., Arista Networks, Avaya, Inc., Junipe

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Market Overview

Data center networking is the method of establishing and interconnecting all physical- and network-based equipment and devices within a data center facility. It allows a digital connection between data center infrastructure nodes and equipment to ensure that they can connect and transfer data between one another and on the Internet. Deployment of hyperscale data centers has increased in the recent past wherein data center infrastructure is provided on lease by companies. This is mainly due to recent advancements in digital technology. Typically, a data center network forms a network infrastructure that complies with industry regulations, offers security, stability, and reliability, supports networking requirements for modern technologies, and can fulfill the requirements of network communications in peak usage.

The global Data Center Networking market was valued US$ 95.05 Bn in 2019 and expected to reach US$ 308.05 Bn by 2027.

Competitive Section

Key players operating in the global data center and networking market are Google, Inc., Huawei Technologies Co. Ltd., Cisco Systems, Inc., Brocade Networking Solutions, Hewlett Packard Enterprise, Extreme Networks, Inc., Arista Networks, Avaya, Inc., Juniper Networks, Dell Inc., and Microsoft Corporation.

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Market Dynamics- Drivers

1. Growing adoption of cloud data storage to reduce operational cost is expected to drive growth of the global data center networking market during the forecast period

In the recent past, organizations have started depending more and more on data centers as a delivery system for products, news, adverts, information, and communication due to increased demand for services and access via internet. Furthermore, there is a rise in power density of cabinets and a decline in the demand for physical servers and additional cabinets, owing to high growth of cloud market. This, in turn, saves additional space and cost required. Hyperscale data centers provide cloud services in the form of storage, network security, and servers for business applications on lease thereby removing the total cost of ownership (TCO) of IT data center infrastructure. For instance, VMware, a cloud infrastructure and business mobility company, was able to save $1.5 Bn for one of their clients in healthcare by avoiding data center upgrades and increasing CPU utilization to 80% from the existing 5% with the help of VMware virtual infrastructure software.

2. Increasing implementation of data center virtualization and cloud computing is expected to propel the global data center networking market growth over the forecast period

Virtualization refers to a method of formation of various logical devices from a single physical device. Increasing demand from organizations for real-time user interaction, efficient use of storage devices, provision of on-demand services, and control over data center networks are supporting growth of the data center virtualization and cloud computing market. Furthermore, rising adoption of cloud computing and virtualization is boosting the demand for various data center networking products namely virtual switches and various switching operating systems, which in turn, is expected to propel the global data center networking market growth during the forecast period.

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Market Opportunities

1. Growing demand from oil & gas and telecom industries is expected to present lucrative growth opportunities

Edge computing has emerged as a powerful option for data storage, in which sensors transmit data to close-by edge computing devices that analyzes the data, thereby eliminating the need to send it back to a remote data center. Industries such as water utilities, power stations, and oil & gas have adopted Internet of Things (IoT) devices and sensors to better monitor and manage their infrastructure through rapid automation. Moreover, in the near future, telecom industry is expected to adopt data center networking due to significant amount of data generated over the internet.

2. Rising impact of Internet of Everything (IoE) to provide major business opportunities

Massive amount of data is created by users as well as airplanes, automobiles, and buildings, which is pushing cloud services. The demand for analytics is driven by the growth of machine-to-machine (M2M) connections and applications. Moreover, application analytics can occur at edge of the device with edge computing or at central data centers.

Market Trends

1. Growing volume of data center IP traffic

Data centers are the essence of providing storage, communication, delivering IT services and networking to number of network users, businesses, and devices. The nature of data center traffic is undergoing a fundamental change due to rise of cloud-based applications, services, and infrastructure. Moreover, increasing virtualization of data centers, which provides services that are flexible, efficient, and fast-to-deploy, is an essential traffic enabler in the rapid extension of cloud computing and data centers. Advent of Internet of Everything (IoE) phenomenon, growth of mobility, increasing digitization, and widespread adoption of multiple devices and connections are expected to drive growth of data center IP traffic.

2. Increasing data center and cloud storage capacity and utilization

Growing internet penetration combined with ownership of multiple devices has supported growth of cloud services such as consumer cloud storage. Users can store and share videos, music, and photos through an easy-to-use interface at a relatively low cost. According to the Cisco Global Cloud Index Report 2016, the storage capacity of data centers will grow to 1,842 EB in 2020 from 382 EB in 2015, out of which 88% of capacity will be accounted for by the cloud. On the other hand, data stored in data centers will grow from 171 EB in 2015 to 915 EB in 2020, growing at a CAGR of 40%.

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Detailed Segmentation:

• Global Data Center Networking Market, By Component Type:
◦ Hardware
◦ Software
◦ Services

• Global Data Center Networking Market, By Industry Vertical:
◦ Telecommunications
◦ Government
◦ Retail
◦ Media & Entertainment
◦ BFSI
◦ Healthcare
◦ Education
◦ Others

• Global Data Center Networking Market, By Region:
◦ North America
◦ Europe
◦ Asia Pacific
◦ Latin America
◦ Middle East and Africa

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This release was published on openPR.