Press release
New Edition: Data Center Networking Market Opportunity and Growth Stastic 2021-2027
global Data Center Networking market
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.
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Which are the prominent data center networking market players across the globe?
Major players operating in the global data center networking market include 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.
What are the key factors driving growth of the data center networking market?
Growing adoption of cloud data storage to reduce operational cost is one of the major factors that is expected to propel growth of the market over the forecast period.
What is the Compound Annual Growth Rate (CAGR) of the data center networking market for next 8 years?
The global data center networking market is estimated to exhibit a CAGR of 15.8% during the forecast period (2019-2027).
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