Press release
Data Center Interconnect (DCI) Global Market Reach $23.08 Billion at a CAGR of 14.4% By 2028, Key Factors behind Market's Exponential Growth
Data Center Interconnect (DCI) Market Share
Data Center Interconnect (DCI) Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $23.08 billion In 2028 At A CAGR Of 14.4% :
The data center interconnect (dci) market size has grown rapidly in recent years. It will grow from $11.73 billion in 2023 to $13.47 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to rise of big data, document management needs, automation in business processes, regulatory compliance requirements, growing e-commerce activities, .
The data center interconnect (dci) market size is expected to see rapid growth in the next few years. It will grow to $23.08 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to ai and machine learning integration, real-time data extraction, unstructured data handling, cross-platform compatibility, customization for industry-specific needs. Major trends in the forecast period include increased digitization, advancements in ocr technology, enhanced automation with ai and machine learning, cloud-based solutions, natural language processing (nlp) integration.
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Data Center Interconnect (DCI) Market Major Segments
The data center interconnect (dci) market covered in this report is segmented -
1) By Type: Products, Software, Services
2) By Application: Disaster Recovery And Business Continuity, Shared Data And Resources, Data (Storage) Mobility, Other Applications
3) By End-User: Communications Service Providers (CSPs), Internet Content Providers And Carrier-Neutral Providers (ICPs/CNPs), Government Or Research And Education (Government/R&E), Other End Users
Key Driver - Growing Number Of Data Centers Is Anticipated To Fuel Data Center Interconnect (DCI) Market
The increasing number of data centers is expected to propel the data center interconnect (DCI) market going forward. A data center refers to a specific building, room, or facility designed to house IT infrastructure, facilitate the deployment and operation of applications and services, and store the data. Data center interconnect (DCI) technology aids in connecting multiple data centers, enabling them to pool and share resources. real-time cloud-based analytics platform for monitoring and optimizing data center infrastructure. For instance, in January 2022, according to the Campfil Group, a US-based air filter company, the number of data centers in the US reached 2,751 in 2022. Further, there are around 484 data centers in Germany, 458 in the UK, 447 in China, and 324 in Canada. Therefore, the increasing number of data centers is driving the data center interconnect (DCI) market.
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Prominent Trend - Technological Innovations For Addressing The Increasing Complexity In Enterprise IT Systems
Major companies operating in the data center interconnect (DCI) market are developing technologically advanced products such as Global Data Center Interconnect (GDCI) to address the complexity and extend their global reach in the market. Global Data Center Interconnect (GDCI) refers to the technology that links two or more data centers together to share resources and enable the transit of critical assets over short, medium, or long distances using high-speed packet-optical connectivity. For instance, in June 2021, NTT Ltd., a UK-based technology services company, launched Global Data Center Interconnect (GDCI), a network service that offers secure connections between NTT's global data centers and major cloud providers using a single port that can handle multiple virtual network services. It's built on advanced software-defined network technology. This service allows customers to link up with multiple cloud providers across various regions, addressing the complexities of connecting to different cloud systems. Through NTT's portal, customers can easily access a variety of connectivity options, expanding their global reach.
Data Center Interconnect (DCI) Market Players
Major companies operating in the data center interconnect (dci) market report are Nippon Telegraph and Telephone Corporation, Huawei Technologies Co. Ltd., Cisco Systems Inc., Fujitsu Limited, Nokia Corporation , ZTE Corporation, Equinix Inc., Juniper Networks Inc., Digital Realty Trust Inc., Arista Networks Inc., Ciena Corporation , Microsemi Corporation, Infinera Corporation, Extreme Networks Inc., Colt Technology Services Group Limited, ADVA Optical Networking SE , Cyxtera Technologies, Reichle and DeMassari AG, CoreSite Realty Corporation, Flexential Corp., Ekinops SA, Megaport Limited, Interxion Holding NV, Cologix Inc., Evoque Data Center Solutions LLC, Innovium Inc., Pluribus Networks, XKL LLC, Fiber Mountain Inc., Ranovus Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the data center interconnect (DCI) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center interconnect (dci) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Center Interconnect (DCI) Market Report Structure
3. Data Center Interconnect (DCI) Market Trends And Strategies
4. Data Center Interconnect (DCI) Market - Macro Economic Scenario
5. Data Center Interconnect (DCI) Market Size And Growth
…..
27. Data Center Interconnect (DCI) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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