The increasing demand for a high speed by internet users is one of the significant factors driving the growth of the data center networking market. The increased productivity and reduced cost for maintenance are other factors elevating the growth of the global data center networking market. Moreover, affordable labor charges, high job opportunities, low charges for transportation are some of the factors anticipated to create new opportunities for the data center networking market.
The Data center networking market is segmented into component, end-user and region. By component, it is bifurcated into solution and services. By end-user, it is segregated into IT and telecom, Retail, BFSI, Public sector and utilities, Energy, Manufacturing, Healthcare, Others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the Data center networking platform market includes Alcatel-Lucent Enterprise, Broadcom, Cisco, Dell Technology, Huawei Technologies, IBM, Intel, Juniper Network, Lenovo, Microsoft Corporation. These key players have adopted numerous key development strategies such as partnership and new product launches, which help to strengthen their grip in the Data Center Networking market.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global data centre networking market analysis from 2021 to 2031 to identify the prevailing global data centre networking market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the global data centre networking market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global global data centre networking market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Solution
- Ethernet Switches
- Routers
- Servers
- Application Delivery Controllers
- Others
- Services
- Professional
- Managed
By End User
- IT and telecom
- Retail
- BFSI
- Public sector and utilities
- Energy
- Manufacturing
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Broadcom Corp
- Cisco Systems Inc.
- Dell Technologies Inc.
- HPE
- Lenovo Group
- IBM
- Intel Corporation
- Juniper Networks Inc.
- Microsoft Corporation
- Oracle Corporation
- HUAWEI TECHNOLOGIES CO. LTD
- Fujitsu Ltd.
- ALCATEL-LUCENT ENTERPRISE
- Pluribus Networks
- VMware Inc.
- Console Connect
- Edge Micro
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Table of Contents
Executive Summary
According to the report, titled, “Global Data Centre Networking Market," the global data centre networking market was valued at $19.75 billion in 2021, and is estimated to reach $61.2 billion by 2031, growing at a CAGR of 12.2% from 2022 to 2031.The Data Centre Networking is efficiently operating of variety of infrastructures through different networking resources used all together. It plays a crucial role in storage and processing of data through assistance of various networking resources. Data centre networking is capable of operating data delivery with high bandwidth via switches, servers and storage endpoints. It enables connecting many networks together and making cloud computing feasible. The major driving factor of the market accounts to the rising demand of high speed data connection and increasing need of cloud storage. Moreover, in recent years there has been a huge increment in investments made in Data Centre Networking Industry globally. This further contributes to the Data Centre Networking Market Growth.
On the basis of component, the solution segment dominated the Data Centre Networking Market Share in 2021 and is expected to maintain its dominance in the upcoming years, due to increase in adoption of data center networking solutions driven by several advantages offered by data center networking such as energy efficiency. However, the services segment is expected to witness highest growth during the Data Centre Networking Market Forecast period, owing to extensive adoption of deployment and integration services among end users, as it ensures effective functioning of data centre networking solution throughout the process.
Depending on end-user, IT and telecom segment is dominating the Data Centre Networking Market Size and is expected to do so in the forecast period as, data center networking have become a more strategic asset for IT companies as well as telecom operators. However, Healthcare segment is anticipated to have the highest growth in the forecast period due to data center networking is finding increasing applications to serve hospitals, biotech, pharmaceutical, and other healthcare organizations.
Depending on the region, North America dominated the Data Centre Networking Market Analysis in 2021, as a result of the enormously high demand from businesses for on-demand services, real-time user contact, and effective storage management. However, Asia-Pacific is expected to exhibit highest growth during the forecast period, owing to the growing importance of smart technologies, IoT-powered devices, Big Data, Industry 4.0, 5G, and cloud computing in this region.
The data centre networking market was valued at $21.78 billion in 2022, and is projected to reach $61.15 billion by 2031, registering a CAGR of 12.2%. The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates. COVID19 outbreak has significantly impacted the data center networking market. It led to complete shutdown of manufacturing and production across the globe. The global economy was also severely impacted by this pandemic, which further generated hurdles for many industries and businesses globally. Furthermore, this pandemic has elevated the data traffic. The growth of emerging technologies; for instance Internet of Things (IoT), big data and artificial intelligence has resulted to an upsurge in requirement of storage volume. However, this upsurge has driven the investments in Data Centre Networking Industry globally.
Key Findings of the Study
- By component, the solution segment dominated the data centre networking market in 2021. However, the services segment is expected to exhibit significant growth during the forecast period.
- On the basis of end-user, the IT & telecom segment dominated the data centre networking market in 2021.However, the healthcare segment is expected to witness the highest growth rate during the forecast period.
- Region-wise, the data centre networking market was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the coming years.
- This report gives an in-depth profile of some key market players in the data centre networking market include Alcatel-Lucent Enterprise, Broadcom, Cisco, Dell Technology, Huawei Technologies, IBM, Intel, Juniper Network, Lenovo and Microsoft Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, along with Data Centre Networking Market Trends which propel growth of the data centre networking market globally.
Companies Mentioned
- Broadcom Corp
- Cisco Systems Inc.
- Dell Technologies Inc.
- Hpe
- Lenovo Group
- Ibm
- Intel Corporation
- Juniper Networks Inc.
- Microsoft Corporation
- Oracle Corporation
- Huawei Technologies Co. Ltd
- Fujitsu Ltd.
- Alcatel-Lucent Enterprise
- Pluribus Networks
- Vmware Inc.
- Console Connect
- Edge Micro
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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