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Data Center Interconnect (DCI) Market Analysis, Market Size, Leading Players, Share And Forecast To 2033
Data Center Interconnect (DCI) Market Analysis
According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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.
Data Center Interconnect (DCI) Market 2024 Key Insights:
• The data center interconnect (dci) market is expected to grow to $23.08 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%.
• Growing Number Of Data Centers Is Anticipated To Fuel Data Center Interconnect (DCI) Market
• Technological Innovations For Addressing The Increasing Complexity In Enterprise IT Systems
• North America was the largest region in the data center interconnect (DCI) market in 2023
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