Data Center Networking Market Increasing Demand, Growth Analysis...

Data Center Networking Market Increasing Demand, Growth Analysis and Future Outlook by 2031

Posted 2024-07-13 09:48:19

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The global data center networking market is anticipated to grow at a significant CAGR during the forecast period. Data centers are collectively known as storage and telecommunication systems that perform a function including redundant data storage and backup power supplies. Data centers are mainly categorized into two categories that include internet-facing data centers and ethernet data centers. Internet-facing data centers are utilized by a large number of users and ethernet data centers are utilized by a small number of users. The rising adoption of cloud computing and virtualization trends in industries is expected to create enormous growth opportunities for the market.

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With the rising emergence of intelligent networking solutions with fully integrated, reliable, and flexible infrastructure to gain seamless communication and data storage solutions, the demand for data center networking solutions is increasing at a steady rate. This will emerge as the most dominant factor for the growth of the global data center networking market during the forecast period. Additionally, the rising penetration of cloud-based services, rising virtualization of cloud computing, data analytics, and the internet of things (IoT) in various industrial verticals to enhance productivity with improved transmitting technology are further creating market growth opportunities.

Besides, the key players present in the global data center networking market include IBM Corp., Alcatel-Lucent S.A.; Cisco Systems Inc.; and HP Inc., among other players adopted various strategies that include- product launches, mergers & acquisitions, among others to remain competitive in the market. For instance, in May 2019, Nutanix announced a new product launch as Nutanix Mine into the secondary storage market to offer an open platform for IT operations in a private cloud natively associated with Veeam and HYCU.

Global Data Center Networking Market Report Segmentation

By Component

o Ethernet Switches

o Routers

o Servers

o Network Security Equipment

o SAN

o Others

By Application

o BFSI

o Government

o Healthcare

o IT & Telecom

o Retail

o Others

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Data Center Networking Market Report Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

· IBM Corp.

· Alcatel-Lucent S.A.

· Cisco Systems Inc.

· HP Inc.

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