Data Center Networking Market Set to Reach USD 67.67 billion at a...

Data Center Networking Market Set to Reach USD 67.67 billion at a CAGR of 11.72% by 2030 | DBMR

Posted 2024-03-14 07:44:36

The premium Data Center Networking Market research report is an essential component of organizing corporate goals or objectives. It is a methodical way to compile and record data on the market, industry, or future clients related to Data Center Networking Market. The creation of the title page, the attachment of a table of contents, editing it in the executive summary, writing the introduction, writing the qualitative research and survey research segment, summarizing the types of data used in drawing conclusions, disseminating research findings, and concluding with a call to action by the reader are the steps that go into creating this report.

Explore Further Details about This Research Data Center Networking Market Report https://www.databridgemarketresearch.com/reports/global-data-center-networking-market

Data Bridge Market Research that the global data center networking market is expected to reach USD 67.67 billion by 2031, from USD 27.88 billion in 2023, and is expected to undergo a CAGR of 11.72% during the forecast period of 2024 to 2031.

Market Definition

Data center networking is the incorporation of various networking resources such as load balancing, switching, routing and analytics to assist the storage and processing of applications and data. Data center networking is proficient of handling high bandwidth data delivery to and from switches, storage endpoints and servers allows moving huge data resourcefully.

Drivers

Rise in Need for Data Management Driving Data Center Networking Market Development

Rapid evolution in technology has led to an increase in demand for virtualization in the operation and management of data center networks. Data center networks offer various benefits such as ease of management, reduced cost, high scalability, and resource optimization. Virtualization, which was traditionally a hardware-based function, has shifted to a software application and provides benefits mentioned above. It also allows reconfiguration and network visibility without the need for physical interaction with networking devices/infrastructure. These advantages are augmenting data center networking market growth.

Opportunity

Increase in demand for a high speed by internet users

The increasing demand for high speed internet and high growth of mega data centers & colocation is expected to influence the growth of data centre networking industry. The high adoption of 100 GB switch ports and the rapid development of broadband and internet infrastructure are also expected to positively impact the growth of the market. Moreover, rise in construction of new data centers and replacement of existing technologies and the decline in costs of semiconductor components are also expected to create a huge demand for data center networking as well as lifting the growth of the data center networking market.

Recent Developments

In June 2023, Cisco Systems Inc., a leading software company, announced the launch of a full-stack observability platform. This new offering brings data together from different domains, such as networking, application, and others

Global Data Center Networking Market Scope

The data center networking market is segmented on the basis of component and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

Hardware
- Ethernet Switches
- Network Security Equipment
- Storage Area Network (SAN) Routers
- Servers
- Others
Software
- switching operating system (OS)
- virtual switches
- management software
- controller
Service
- Installation And Management
- Consulting

End User

Telecommunications
Government
Colocation
Defense
Retail
Media and Entertainment
BFSI
Healthcare
Manufacturing
Education
Others

Some of the major players operating in the data center networking market are:

Cisco Systems, Inc. (U.S.)
Hewlett Packard Enterprise Development LP (U.S.)
Arista Networks, Inc. (U.S.)
Juniper Networks, Inc. (U.S.)
Microsoft (U.S.)
Huawei Technologies Co., Ltd. (China)
Dell Inc. (U.S.)
Avaya Inc. (U.S.)
Extreme Networks (U.S.)
VMware, Inc. (U.S.)
ALE International (France)
Intel Corporation (U.S.)
Equinix, Inc. (U.S.)
Curvature (U.S.)
Pluribus Networks (U.S.)
Apstra (U.S.)
Broadcom (U.S.)
Rahi Systems (U.S.)
NEC Corporation (Japan)
IBM (U.S.)

Key Insights Of Data Center Networking Market Report

The report comprises a detailed analysis of different segments and offers market valuations between 2023 to 2030.
This study presents the analytical depiction of the Data Center Networking Marketwith the current trends and future estimations to determine the imminent investment pockets
The report also reveals information with respect to key drivers, restraints, and opportunities coupled with a comprehensive analysis of the global Data Center Networking Market
The forecast period of the market is assessed from 2024 to 2030 to highlight the Data Center Networking Market growth scenario.
Porter’s five forces analysis establishes the effectiveness of the buyers and suppliers in the business line.
The key players in the industry are profiled to gain an understanding of the strategies adopted by them.
This report provides the current trends and future estimations during the forecast period, which in turn aids in identify the prevailing market opportunities.

The company portfolio includes company synopsis, operating business sectors, business overview, product/service categories, and recent growth strategies adopted by them.

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