Global Data Centre Networking Market To Reach A Value Of USD 47.2 Billion By 2023-2028
The ‘Global Data Centre Networking Market Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global data centre networking market, assessing the market on the basis of its segments like product, applications and major regions.
Data Centre Networking Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 23.4 billion
• Forecast CAGR (2023-2028): 12.40%
• Forecast Market Size (2027): USD 47.2 billion
| Report Attribute | Details |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Base Year | 2022 |
| Market Size in 2021 | USD 23.4 billion |
| Revenue Forecast in 2027 | USD 47.2 billion |
| Growth Rate CAGR | 12.40% |
| Major Players | Dell Inc., ALE International, Cisco Systems, Inc., Equinix, Inc. and IBM Corporation among others |
North America dominates the data center networking sector as a result of the significant demand from businesses for real-time user engagement, the provision of on-demand services, and proficient use of storage devices. The strong network infrastructure and increased use of digital and virtual devices can both be linked to the expansion of the data center networking sector. In addition, the prevalence of cyberattacks is driving up the need for a data center that is extremely secure. The rising adoption of software-defined networking and 5G technologies in North America has boosted the need for SDN-based, 5G-oriented data center networking.
Regionally, Asia Pacific is growing rapidly in this industry as India, China and Japan have thriving industrial and manufacturing sectors. High-speed internet access and the widespread adoption of technologies like cloud, IoT, and AI in this region will help the data center networking sector. The rising demand for data centers that can secure and safeguard information is expected to have a substantial impact on the installation of new data centers and, as a result, the demand for cutting-edge data center networking solutions in the region.
Data Centre Networking Industry Definition and Major Segments
Data center networking describes the interconnection of all network-based devices and equipment in a data center facility. Data center networking creates a digital connection between the infrastructure and equipment of the data center, enabling simple data transmission across a public network. These data center networking normally create a network that is strong, stable, secure, and able to support emerging technologies like virtualization and cloud computing.
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Based on product, the market can be segmented into:
• Routers
• Ethernet Switches
• Storage Area Network (SAN)
• Application Delivery Controllers (ADC)
• Network Security Equipment
• WAN Optimisation Equipment
• Others
Based on applications, the market can be bifurcated into:
• IT and Telecom
• BFSI
• Retail
• Government
• Media and Entertainment
• Others
Based on region, the market can be segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Data Centre Networking Market Trends
High data usage has come from the rising use of digital services such as online banking, mobile wallets, online shopping, and video on demand. As data traffic increases, there will be more projects to enhance IT infrastructure leading to a growth of the global market. Biometric and contactless cards are becoming more and more common, and the smart card market is flourishing. The need for dependable data center networking that supports real-time data transit will be fueled by this aspect. Over the projected period, the increasing expansion of mega data centers and colocation is anticipated to have an impact on the development of the data center networking market. Cloud-based solution adoption, as well as increased corporate data traffic and big data analytics, are likely to move the data center networking sector forward.
Widespread use of 100 Gb switch ports and the rapid expansion of broadband and internet infrastructure are anticipated to boost market growth. The development of new data centers, the replacement of outdated technologies, and the decline in the price of semiconductor components are further factors that are projected to increase demand for data center networking and accelerate market expansion.
Key Market Players
The major players in the data centre networking market report are:
• Dell Inc.
• ALE International
• Cisco Systems, Inc.
• Equinix, Inc.
• IBM Corporation
• Others
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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