Data Center Networking Market: Benefiting from Rising Uptake of Cloud Computing, Market to Exhibit Strong Growth
Global Data Center Networking Market: Snapshot
The
adoption of data center virtualization and cloud computing has been
identified as one of the key driving factors for the global data center
networking market. In 2016, the global data center networking market was
valued at US$ 63.05 Bn and is expected to reach US$ 228.40 Bn by 2025,
expanding at a CAGR of 15.5% during the forecast period.
Organizations
are becoming more dependent on services provided by data centers with
each passing day. As an advanced delivery system of advertising,
communications, products, news and services via internet, data centers
are gaining in popularity. With the help of hyperscale data centers,
which give data center infrastructure on lease, businesses are able to
reduce the total cost of ownership (TCO) if not eliminate them
completely for organizations. This helps in reducing expenditure on
building and maintaining data center infrastructures. The task is
instead achieved by data centers, equipped with various data center
networking products. These centers are engaged in improving service
delivery and risk management for organizations.
According
to Transparency Market Research (TMR), the global data center
networking market is likely to exhibit a CAGR of 15.5% between 2017 and
2025. At this pace, the market’s valuation is forecast to reach
US$228.40 bn by the end of 2025, from US$63.05 bn in 2016.
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Benefiting from Rising Uptake of Cloud Computing, Market to Exhibit Strong Growth
The
positive run witnessed by the data center networking market is largely
ascribable to the increasing uptake cloud computing and data center
virtualization. With organizations worldwide starting to realize the
benefits of real-time interaction, the demand for cloud computing and
data center virtualization is forecast to surge. Considering this, TMR
forecasts strong growth for the overall data center networking market.
Besides this, the market is expected to gain from the increasing
awareness regarding the efficient use of storage devices and the rising
demand for controlling data center networks.
“Improvements
in service delivery and risk management will yield gains for the market
in the coming years,” said a lead TMR analyst. To pace up with the
present dynamic business landscape, companies are not shying from
altering their service delivery models. Their primary focus is on
aligning services to meet needs of both internal and external business
environment. As data centers help businesses achieve a more dynamic and
flexible infrastructure, their demand is forecast to surge in the coming
years.
Besides
this, the cost reduction in cloud data storage will aid in the market’s
expansion as well. Spurred by the aforementioned factors, the global
data center networking market will exhibit positive trajectory during
the forecast period.
This
175-page report gives readers a comprehensive overview of the Data
Center Networking Market. Browse to unlock the hidden opportunities in
this market@
Asia Pacific to Exhibit Most Lucrative Opportunities in Forthcoming Years
Regionally,
North America, Asia Pacific, Europe, South America, and the Middle East
and Africa constitute the key market segments. Among these regions
North America emerged dominant in the global data center networking
market in 2016. However, during the course of the forecast period Asia
Pacific is expected to showcase the highest CAGR of 17.3% between 2017
and 2025. The Asia Pacific data center networking market is chiefly
gaining from easy availability to connecting devices such as tablets and
smartphones. Besides this economic growth witnessed across emerging
nations such as India and China is expected to aid the market’s
expansion in the region. Furthermore, the region exhibits a developing
IT infrastructure, which help supporting outsourced activities of
foreign companies efficiently. Spurred by these factors the demand for
data center networking is expected to increase considerably in Asia
Pacific in the forthcoming years.
The
global data center networking is very competitive owing to the high
demand of networking components. The key market players profiled in this
report are Cisco Systems, Inc., Hewlett Packard Enterprise, Arista
Networks, Juniper Networks, Microsoft Corporation, Huawei Technologies
Co. Ltd., Dell Inc., Avaya Inc., Extreme Networks Inc. and Brocade
networking solutions.
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