The global data center networking equipment market is expected to grow at a significant CAGR during the forecast period (2024-2031). As the volume of data generated across many industry sectors continues to grow, robust data centre networking solutions will be necessary. During the forecasted period, the increased usage of cloud computing across several industrial verticals is expected to fuel demand for these solutions. Other factors expected to fuel market growth throughout the period include the growing trend of data centre virtualization, as well as the adoption of innovative data centre operating models. Large companies are attempting to divide their workload across many cloud platforms in particular. This has prompted the demand for data centre infrastructure decentralisation and disaggregation. As the multiple data centre operating models are used depending on the needs of the company, the demand for customised networking platforms to simplify cloud computing operations is expanding. This is projected to create new commercial opportunities.
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Further, as businesses grow and digitalize, they are frequently confronted with new issues. One of the most significant issues is ensuring an efficient infrastructure for storing the data created daily. To manage all of this data, a business nowadays needs huge storage capabilities and infrastructure. A data centre is a collection of networked computers and storage applications that can be used to store, organise, process, and disseminate data. The development of related solutions is being driven by the growing requirement to ensure an efficient infrastructure for storing and processing information. Data centre networking equipment aids in the optimization of available resources and the improvement of data centre efficiency. As a result, communication service providers have begun to offer advanced and intelligent networking solutions. In the data centre, these networking technologies can ease network maintenance, reduce network downtime, and simplify troubleshooting techniques. These networking solutions also enable data centre operators to take advantage of cutting-edge technologies like machine learning, resulting in market expansion over the forecast period.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Alcatel-Lucent S.A.; Cisco Systems Inc.; IBM Corp., Extreme Networks, HP, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Data Center Networking Equipment Market by Segment
By Product
- Ethernet Switches
- Routers
- SAN
- ADC
- Network Security Equipment
- WAN Optimization Equipment
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