Data Center Interconnect Market 2022, In-depth Analysis with Impact of COVID-19, Types, Opportunities 2029

Growth in awareness about numerous benefits of data center interconnection such as easy access, better convenience, strongly encrypted data, interconnection with different data segments, and others majorly drive the growth of the data center interconnection market.

However, huge investments in configuration restrain the data center interconnect market growth. Furthermore, factors such as growth in deployment of 5G technology provide major opportunities for the market.

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As the 5G technology is about to rise in the data center interconnect market, it is expected to come with huge, fast, and denser streams of data, which would demand for more data center capacity. It is expected to enable 5G, which requires a seamless network and connects every interaction and devices, making data transferring, storage, and proceeding quite easy. In this way, organizations are expecting a huge opportunity in the data center interconnect market with the deployment of 5G.

The major challenge, especially for small & medium enterprises is the cost associated with data center interconnect services. As a new data center requires high investment for building and maintenance. In addition, the distance between data centers also plays a major role as it may reduce the efficiency of working of a data center, hence it hinders the growth of the data center interconnect market.

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COVID-19 scenario Analysis:

• The impact of COVID-19 can be seen very clearly on foreign and domestic small 7 medium enterprises (SMEs) and multinational companies (MNCs) as they are suffering huge loses and some are even shutting down there operations.

• Presently, the demand for colocation data center space appears to be strong. Sectors such as over-the-top, video streaming, and gaming are expected to use cloud at the highest rate. There has also been aggressive growth in demand for educational access to cloud platforms. Thus, COVID-19 has led to an explosive growth in cloud computing, which is expected to increase the size and economic impact of data center interconnect investments made by the large enterprises of data center interconnect.

• However, the data center industry would be adversely affected by COVID-19, in terms of the supply of electronic component, which is required for network infrastructure. The industry is experiencing supply shortages or halted shipments of data center equipment around the globe as workforces are reduced and non-essential businesses stopped operations. The impact is majorly seen in the Asia-Pacific region, where the majority of data center hardware components are produced and then rippled out to North America and Europe. COVID-19 has resulted in a slowdown in production and unavailability of certain components, which has extended the release time of new components.

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