December 24, 2019
As per the latest study titled ‘Data Center Networking Market Size By Component (Solution [Ethernet Switches, Routers, Servers, (ADC) Application Delivery Controller], Service [Professional, Managed]), By Application (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026’ available with Market Study Report LLC, the global data center networking market is presumed to amass US $45 billion by the year.
With global digitalization and rising penetration of internet, industries are generating massive amount of data which needs to be stored, managed, and accessed efficiently, which is propelling the growth of data center networking market. Extensive incorporation of big data analytics by supply chain management & marketing businesses to process data related to manufacturing, production, delivery, and distribution will further augment the market outlook. Increasing need for efficient data center system for effective operations, coupled with widespread establishment of colocations centers will stimulate the industrial expansion.
In terms of components, application delivery controllers (ADC) solution segment of data center networking market is expected to gain traction in the upcoming years, as these solutions improve resource efficiency, application performance, and security across data centers. It manages the data traffic and strengthen the communication channel. Surging adoption of cloud solution by SMEs and large enterprises, along with increasing complications in IT infrastructure are aiding the segmental growth.
As per application spectrum, data center networking market from government segment is anticipated to grow substantially over the forecast period, on account of widespread digitalization and need to deliver fast & efficient services.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/1130972/
Considering geographical landscape, North America dominated the global data center networking market in the recent past and is projected to follow similar trend during the analysis timeline. The regional growth is attributed to rising incorporation of advanced technologies like IoT, cloud, and big data analytics. Setting of new businesses across Canada, along with shifting preference for usage of connected devices will bolster the regional demand for data center networking market.
Prominent players functioning in data center networking market include Microsoft Corp., Hewlett Packard, Huawei Technologies Co. Ltd., Dell, Inc., Cisco Systems, Inc., Juniper Networks, Ltd., and Arista Networks among others.
Frequently Asked Questions (FAQ) :