The global data center networking market size is projected to reach USD 40,905.7 million by 2025, registering a CAGR of 11.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. The growing volumes of unstructured data across various industry verticals are expected to drive the demand for data center networking solutions. The proliferation of cloud computing and the emergence of advanced data center operating models are also expected to drive the market growth over the forecast period.
Data
center networking helps organizations in organizing and consolidating
information at a single platform before it is exposed to cross-channel systems
and processes. It also enables organizations to connect effectively with their
customers operating in diverse industry verticals. Optimum performance,
improved integration of servers, and reduction in operational cost are some of
the major benefits that are driving the popularity of data center networking
solutions.
Organizations
are emphasizing on having a state-of-the-art infrastructure for resolving the
concerns and fulfilling the expectations of their customers efficiently. The
integrated information is stored, analyzed, and managed on shared platforms
using different networking solutions, thereby enabling service providers to
modernize their business models and augment their revenues. As such, the
growing need for channelizing information to optimize the day-to-day networking
operations is expected to drive the demand for data center networking solutions
over the forecast period.
The
market is also expected to grow in line with the growing preference for
cloud-based storage platforms, the increasing need for protecting cyberattacks,
and the rising demand for real-time analytics. Data center networking
guarantees on-demand access to information and allows businesses to focus on
augmenting the sales of their products. Data center networking can also be considered
as an efficient mode of disaster recovery as it offers access to clone
databases and operational restore & recovery functions.
Full Research Report On Data Center Networking Market Visit Here:
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Data Center
Networking Market Report Highlights
- Continued
digitalization and growing adoption of cloud computing, particularly in
Asia Pacific and Europe, are expected to drive the market growth over the
forecast period
- The storage
area network (SAN) segment accounted for the largest market share in 2018
and is expected to witness significant growth over the forecast period
owing to the rising adoption of different combinations of computation
mechanisms
- The BFSI
segment is expected to register the highest CAGR over the forecast period
as industry verticals, such as BFSI and IT & Telecom, are particularly
focusing on adopting incremental networking technologies to maintain their
critical infrastructure assets
- Asia Pacific
is estimated to witness the highest CAGR of over 14% over the forecast
period. Aggressive adoption of data center infrastructure in South Asia is
expected to drive the growth of the regional market
- Key data
center networking market players include Alcatel-Lucent S.A.; Cisco
Systems Inc.; Dell Inc.; Equinix Inc.; HP Development Company, L.P.;
Hitachi Data Systems Corporation; IBM Corporation; and Vmware, Inc.; among
others
- Market
players are pursuing various strategies, such as mergers &
acquisitions and product portfolio expansion, for gaining a competitive
advantage over their rivals.
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Data Center
Networking Market Segmentation
Grand View Research has
segmented the data center networking market based on product, end use, and
region:
Data Center
Networking Product Outlook (Revenue, USD Million, 2015 - 2025)
- Ethernet Switches
- Routers
- Storage Area Network (SAN)
- Application Delivery Controllers (ADC)
- Network Security Equipment
- WAN Optimization Equipment
- Others
Data Center
Networking End Use Outlook (Revenue, USD Million, 2015 - 2025)
- BFSI
- IT & Telecom
- Healthcare
- Retail
- Education
- Government
- Media & Entertainment
- Manufacturing
- Others
Data Center
Networking Region Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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