Data Center Networking Market (Component Type - Services, Software, and Hardware; End User - Retail, Telecommunications, Healthcare, Media and Entertainment, Education, and Government): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global data center networking market is projected to grow at a CAGR of 15.4% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 04/16/2019 -- Our latest research report entitled Data Center Networking Market (by component type (services, software, and hardware), end user (retail, telecommunications, healthcare, media and entertainment, education, and government)) Industry Analysis, Trends, Size, Share and Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of Data Center Networking. Latest information on market risks, industry chain structure Data Center Networking cost structure, and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Data Center Networking growth factors.
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The forecast Data Center Networking market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Data Center Networking on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. The global data center networking market is projected to grow at a CAGR of 15.4% over the forecast period of 2018-2024.
Data Center Networking Market: Industry Insights
The purpose of data center networking is to interconnect and establishing the entire physical and network-based devices within a data center facility. It creates a network infrastructure that is stable, secure and reliable and also supports networking requirements for modern technologies such as cloud computing and virtualization. There are several components and technologies used in data center networking includes equipment's, cables, network addressing schemes such as IP V4 or IP V6 and many others.
Data Center Networking Market: Driver and Restraints
Increasing adoption of cloud services and big data, digitization and virtualization by major enterprises globally escalates the growth of the global data centers networking market. Furthermore, the growing adoption of data center networking in retail, telecommunications, healthcare, media and entertainment, education, government, and high technology industries is also strengthening market growth. Moreover, every day a huge amount of data is generated, and organizations have to handle and work on this data on a daily basis. The purpose of modern data center networking is handling such big data, easily and efficiently. Which in turns, augmenting demand for data center networking market. Moreover, the outsourcing of data centers by enterprises for cost savings also contributes to the growth of the market. However, high initial costs of setting up production are hampering the growth of the market. Internet of things, software-defined everything technologies, and green data centers are major growth opportunities for the key players in the global data centers networking market.
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Data Center Networking Market: Segmentations
The global data center networking market is bifurcated into component type and end user. On the basis of component type, the data center networking divided into services, software, and hardware. Based on the end user, the market includes retail, telecommunications, healthcare, media and entertainment, education, and government. The data center networking market by end user indicates that the IT & telecommunications sector are major users of the technology.
Data Center Networking Market: Regional Analysis
Geographically, the global data center networking market is segmented into North America, Europe, Asia Pacific, and RoW. North America is projected to hold the largest share in the data center networking market due to the presence of a large number of IT firms. On the other hand, Asia Pacific is expected to exhibit the highest growth during the forecast period. The infrastructure associated with data centers are expanding in countries such as China and India, is augmenting the growth of data center networking market in the Asia Pacific region.
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Data Center Networking Market: Competitive Landscape
The data center networking market is highly competitive. The prominent players operating in the global data center networking market are Brocade Communications Systems, Inc., Avaya Inc., Extreme, Dell, Microsoft, Juniper Networks, Inc., Arista Networks, Inc., and Cisco Systems, Inc. There are numerous players doing well in their respective captured markets.
Broadcom Announces Industry's First Complete Portfolio of OCP NIC 3.0 Adapters for Data Center and Cloud Infrastructure
In March 2019 Broadcom Inc. has announced customer sample availability of its OCP NIC 3.0 adapter solutions supporting the full range of data rates and interfaces from 1GbE to 200GbE. The portfolio includes a wide selection of Ethernet adapter cards with 1-, 2- and 4-port configurations, allowing the industry to easily build high-performance server systems and effectively scale network capacity to meet the demands of high bandwidth applications such as machine learning, high-performance computing (HPC), network function virtualization (NFV), and all-flash arrays (AFA).
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Data Center Networking.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.