openPR Logo
Press release

Data Center Interconnect Market Growing at the Fastest Rate in North America Region

01-21-2022 06:07 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

According to a research report "Data Center Interconnect Market by Type (Products, Software, Services), Application (Real-Time Disaster Recovery and Business Continuity, Workload (VM) and Data (Storage) Mobility), End User and Region - Global Forecast to 2026" published by MarketsandMarkets, the data center interconnect market is projected to grow from USD 8.6 billion in 2021 and is projected to reach USD 17.0 billion by 2026; it is expected to grow at a CAGR of 14.5 % from 2021 to 2026.
The migration of enterprises towards the cloud, growing borderless nature of global economy coupled with recent surge in the consumption of OTT services is expected to fuel the growth of the data center interconnect industry.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40733195

“Managed services 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.

“Enterprise end-user segment to grow at the highest rate during the forecast period ”

Enterprises end-user segment is expected to grow at the highest rate during the forecast period. A large majority of enterprises use or are planning to use hybrid cloud infrastructure to maintain tight control over mission-critical data. As a result, for many enterprises, the hybrid cloud runs in multiple different types of data centers. Connecting a hybrid cloud means connecting many or all these types of data centers, thereby pushing the need for data center interconnect solutions. Growing penetration of digital services across several industry verticals has resulted in the increased demand for data centers for storage, computing, and network management. This, in turn, will drive the demand for data center interconnect market. 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.

“Real-time disaster and business recovery application segment to dominate the data center interconnect market throughout forecast period ”

The real-time disaster and business recovery application segment is expected to dominate the data center interconnect market from 2021-2026. The DCI solutions enables geographically separated data centers to easily participate in any form of business continuity and disaster recovery (BCDR) strategy. When the physical delineation between data centers is removed, critical business information can be backed up, replicated, or accessed in real-time, and active-active or active-standby strategies can be implemented much more simply. In the event of failures or IT maintenance schedules, workloads can be easily moved or recovered in any locations. It minimizes the effects of outages and disruptions on business operations. It reduces the risk of data loss and reputational harm and improve operations while decreasing the chance of emergencies. As business downtime can result in huge financial losses, there is a growing demand for DCI solutions that are widely being deployed in organizations for ensuring security and business continuity paving way for the market growth.

“North America held the largest share of data center interconnect market in 2020 and is expected to hold second-largest share by 2026”

North America is expected to account for the largest share of the data center interconnect market during the forecast period. North America held the largest market share in 2020 owing to the early adoption of DCI technologies by countries such as the US and Canada. 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. This region is home to several major players in the data center interconnect market; some of these are Ciena Corporation (US), Juniper Networks, Inc. (US), Infinera Corporation (US), Cisco Systems (US), Extreme Networks, Inc. (US). These companies have contributed to the growth of the data center interconnect market in the North America by launching innovative products and services and spending extensively on the R&D of DCI solutions.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=40733195

Key players in the data center interconnect market include Ciena Corporation (US), Nokia Corporation (Finland), Huawei Technologies (China), Juniper Network Inc. (US), Infinera Corporation (US), ADVA Optical Networking SE (Germany), CISCO Systems (US), Extreme Networks, Inc. (US), and Fujitsu Ltd. (Japan). Apart from these, XKL LLC (US), Ekinops S.A(France), Cologix (US), Pluribus Networks (US), Ranovus (Canada), Innovium (US), ZTE Corporation (China), Megaport (Australia), Flexential (US), Cyxtera Technologies (US), Fiber Mountain (US) are among a few emerging companies in the data center interconnect market.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ 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™ for their painpoints around revenues decisions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Data Center Interconnect Market Growing at the Fastest Rate in North America Region here

News-ID: 2534212 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for DCI

Global Data Center Interconnect (DCI) Technology Market Size by Application, Typ …
According to Market Research Intellect, the global Data Center Interconnect (DCI) Technology market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period. The Data Center Interconnect (DCI) technology market is witnessing strong growth, fueled by the increasing
Indonesia Data Center Market Growing Massively by 2021-2026 Major Players: PT DC …
Market Insights Reports has added new statistical data to its repository titled as, Indonesia Data Center Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Indonesia Data Center
DCI Service Launch: Enterprise Mobile App Development
Dot Com Infoway is pleased to announce the launch of a new service package. Going forward, DCI will be offering enterprise mobile app development for companies of all sizes. What sets DCI’s enterprise mobile app development service apart is the value it can offer to its customers. Developing a mobile app for an enterprise is notoriously expensive and laborious, with often times unsatisfactory results. However, thanks to 15 years of experience
DCI Hires Sales Manager at Netherlands
Wednesday, May 18, 2011 Amsterdam, Netherlands Dot Com Infoway (DCI) is a premier IT company located in India providing offshore IT outsourcing solutions to businesses across the globe. It provides enterprise solutions that include software solutions, web solutions, mobile application solutions, Internet marketing and a host of IT solutions and products to clients and customized solutions to businesses. Recently DCI warmly welcomed Mr. Hans van de Rakt as the Sales Manager for
DCI launches OJAS on Apple's App store
Dot Com Infoway (DCI), one of the top mobile apps developers in India, today announced the launch of its most unique iPhone application, the OJAS Life Energy. OJAS Life Energy is a digital content-based iPhone app containing a wonderful collection of mantras and chant tracks, released by the famous OJAS Foundation. The divine mantras would free the human mind from stress and helps them to live a more better peaceful
DCI accelerates its iPhone app marketing services
Dot Com Infoway, the professional mobile app development company, announced today, they had chartered several marketing plans as part of their iPhone apps marketing acceleration program along with their mobile app development program. The company said that creating an iPhone application and throwing it into the crowd of iphone App store is over, now. and added that it was very different thing during the inception of iPhone apps development into