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.
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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.
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Global Data Center Networking Market – Competitive Landscape
The report also provides the competitive landscape for the Data Center Networking market, thereby listing out all the major players according to their geographic presence, market attractiveness and recent key developments. The competitive landscape section of the report gives an overview about the market share of several key players in the market for the year 2016. The Data Center Networking market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth. Moreover, key takeaways section provided at the end of competitive landscape section would help the operating companies to make the best move in this market.
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 are few of the key players which have been profiled in this study. Details such as financials, business strategies, SWOT analysis, and other such strategic information pertaining to these players has been duly provided as part of company profiling.