Skip to main content

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.

 
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.

Comments

Post a Comment

Popular posts from this blog

Wi-Fi Chipset Market Poised for an Explosive Growth in the Near Future

Wi-Fi is a technology based on the IEEE 802.11 standard which connects two or more devices using wireless communication within a limited area such as office building, school, home, or computer laboratory. Usage of Wi-Fi has increased significantly in residential and commercial places since the last several years due to the ease of its installation and operation. Currently, a number of devices including video-game consoles, digital cameras, digital audio players, digital printers, smart TVs, tablets, phones, and personal computers are available with built-in Wi-Fi technology. These devices can connect to the internet with the help of wireless access point or wireless LAN (Local Area Network) and can provide control and monitoring of a system from a remote location. Wi-Fi chipsets usually operate in 2.4 gigahertz UHF (Ultra High Frequency) band and 5.8 gigahertz SHF (Super high frequency) band. Wi-Fi Alliance, comprising more than 375 organizations worldwide, establishes and enforces W...
Post a Comment
Read more

Keyless Entry System Market: Industry Outlook, Growth Prospects and Key Opportunities

Keyless entry system is technology that provides physical access to an individual inside any premises or automotive without the use of a mechanical key for performing the locking and unlocking operation. Keyless entry system provides an enhanced convenience and security to the users. In case of a keyless entry system, the users get secure and authorized access to an automotive or premise with the use of various external devices or gesture such as a keyless fob or a smart card, or by the use of their own voice, fingerprints or facial recognition among others. Owing to rapidly increasing adoption of smart technologies across various application sectors, keyless entry systems is increasingly installed among users especially in the transportation sector, government sector, banking financial services and insurance (BFSI) sectors and hospitality industry among others. The global Keyless Entry System market is anticipated to experience a robust growth during the forecast period from 2017 to...
Post a Comment
Read more

Automotive Leaf Spring Suspension Market - Business Strategies and Recent Development

Key priorities of automotive manufacturers include increasing operational performance, improving drivability, and ensuring the safe transport of cargo and passengers. Increasing acceptance of hybrid and electric vehicles and integration of smart and connected technologies have prompted manufacturers to focus on improving the power and drivetrain systems such as clutch, transmission, propeller shaft, axle, and leaf springs. Leaf springs are located between the wheels and the body of the vehicle. When the wheel passes over a bump, it rises and deflects the spring; thereby, storing the energy in the spring. On releasing, due to the elasticity of the spring, it rebounds thereby expanding the stored energy. Increase in demand for automobiles globally, is driving the leaf spring market. The leaf springs are primarily used in light, medium, and heavy-duty commercial vehicles such as pick-up trucks and vans. Some passenger car manufacturers rely on use of leaf spring technology for bet...
Post a Comment
Read more