A recent report published by Infinium Global Research on data center networking market provides an in-depth analysis of segments and sub-segments in the global as well as regional data center networking market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional data center networking market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global data center networking market. According to the report, the global data center networking market is projected to grow at a CAGR of 15.4% over the forecast period of 2018-2024.
The data center is a special facility built to accommodate a cluster of running computer servers. It provides fast network connections among servers to communicate and process a lot of data, and some for talking to the outside world. Data center networking is the process of establishing and interconnecting the entire physical and network-based devices and equipment, within a data center facility. It enables a digital connection between data center infrastructure nodes and equipment to ensure that they can simultaneously distribute data among them and on an external network or the Internet.
Scalability and agility of the infrastructure and propagation of security policy throughout the network efficiently and effectively are some of the major driving forces, helping grow the data center networking market around the globe. Advancements in technology have stimulated the development of cloud-based technology. Cloud-based technology provides easy connectivity and greater storage capacity; it helps in increasing the productivity of the organization. Development of cloud-based deployment system has increased the demand for the data center networking systems. A huge amount of data is generated every day and firms have to handle and work on this data on a daily basis. The modern data center networking facilitates handling such big data, easily and efficiently. This also has helped in creating demand for data center networking in the emerging market. Data center networking is a complex system and requires skilled personals for maintenance. This may restrain the growth of the market. In this era of technological advancements most of the organizations in developed as well developing countries are also moving towards digitalization and automation. For that, organizations are adopting the data center networking systems.
North American region has the largest market share compared to other geographical regions around the globe. A large number of IT firms is situated in North America, which has a high disposable income. Many data centers in this region especially in the US deal with big data and requires advanced networking systems.
The report on global data center networking market covers segments such as component type, and end user. On the basis of component type, the sub-markets include services, software, and hardware. On the basis of the end user, the sub-markets include retail, telecommunications, healthcare, media and entertainment, education, and government.
The report provides profiles of the companies in the market such as Brocade Communications Systems, Inc., Avaya Inc., Extreme, Dell, Microsoft, Juniper Networks, Inc., Arista Networks, Inc., and Cisco Systems, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of data center networking market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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