Data Center Networking Market Revenue to Record USD 38.33 Billion by 2030, Exhibiting a Robust CAGR of 7.53%, With North America Leading the Market as Widespread Application of 5G Technology Rises, Projects Kings Research
DUBAI, UAE, Feb. 12, 2024 /PRNewswire/ -- According to the recent report published by Kings Research, the global Data Center Networking Market was valued at USD 21.43 billion in 2022 and is projected to reach USD 38.33 billion by 2030, growing at a CAGR of 7.53% from 2023 to 2030. The surge in data center virtualization and the uptake of advanced data center operating models are pivotal driving factors propelling the rapid growth of the data center networking industry. The market's expansion is primarily steered by the need for real-time user interaction and the optimization of on-demand services in diverse organizations. Furthermore, the burgeoning utilization of cloud services across various industries necessitates the expansion of data center networks.
Data center networking is the intricate orchestration of network resources within a data center setting. It entails the intricate interconnection of various network components, including routers, switches, firewalls, load balancers, and storage systems, to establish a robust and expandable network framework within the data center. Data center networking plays a pivotal role in facilitating the seamless flow of data and communication among servers, storage systems, and other critical data center assets. Its significance extends to bolstering the performance of data-intensive applications, ensuring uninterrupted operation, and facilitating the smooth functioning of IT services. Within this framework, data center switches assume a central role, diligently forwarding network data packets and fostering connectivity among devices within the data center.
Get a Sample Copy of the Report: https://www.kingsresearch.com/request-sample/data-center-networking-market-234
In March 2023, Edgecore introduced the DCS520, a high-capacity 400G switch designed for cutting-edge data center network architectures, catering to the demands of cloud computing environments and next-generation data centers while enhancing core network infrastructure.
Major players profiled in the global data center networking market include:
Have an Inquiry? Get in Touch with us @ https://www.kingsresearch.com/enquiry/data-center-networking-market-234
Trending Now: Data Center Networking: CtrlS and NT Collaborate to Build Thailand's Hyperscale Data Center Campus
In August 2023, CtrlS Datacenters Ltd and National Telecom Public Company (NT) announced a strategic collaboration to build a hyperscale data center campus in Thailand. The campus, which will be located in the Eastern Economic Corridor (EEC) in Chonburi, will have a design capacity of up to 150 MW.
As part of the collaboration, NT will provide data center networking services for the campus. This includes Internet connectivity, wide area network (WAN) connectivity, local area network (LAN) connectivity, cloud networking, and security services.
Ask for Customization: https://www.kingsresearch.com/customization/data-center-networking-market-234
Rising Telecom Subscribers End Users to Bolster Market Growth
Based on end-user, the data center networking market is segmented into IT & telecom, BFSI, retail, healthcare, public sector & utilities, manufacturing, energy, and others.
The IT and telecommunications sector accounted forthe largest market share in 2022. This segmental growth is due to factors such as a rise in telecom subscribers and the widespread use of smartphones, which generate more data and increase demand for data center network solutions. The adoption of virtualization, cloud computing technology, and efficient storage systems also drives demand for data center netwrks and storage devices, further contributing to market growth.
Growing Adoption of Energy-efficient Data Center Networking Services to Augment Data Center Networking Market Progress
Based on component, the data center networking market is segmented into hardware, software, and services. The service segment is expected to hold a sizeable share of the global market by 2030, driven by the widespread adoption of energy-efficient data center networking solutions. These solutions offer centralized control, flexibility, and scalability, ultimately boosting system capacity.
Purchase This Comprehensive Research Report for Valuable Market Insights: https://www.kingsresearch.com/buy-now/234
Rising Demand for High-Speed Internet to Drive Data Center Networking Market Growth
The increasing user demand for high-speed Internet stands as a powerful driving force behind the growth of data center networks. This surge in the need for high-speed Internet is spurring the expansion of data center networks and the imperative for streamlined data transmission. As users increasingly anticipate swift data accessibility, seamless streaming services, and real-time applications, the demand for robust and efficient data center networks to handle heightened traffic intensifies. The emergence of cloud services rooted in data centers further fuels the need for high-speed Internet and data center services. In response to this ever-increasing requirement for swifter and more dependable connections, companies and network operators are prioritizing the provision of high-speed Internet, propelling the growth of the data center networking industry.
Widespread Applications of 5G Technology in North America to Boost Market Expansion
North America is anticipated to retain its dominance in the global data center networking market. This is due to the widespread use of software-defined networks and 5G technology, which has led to an increased demand for data centers. Additionally, the adoption of cloud computing, virtualization, and storage system services has also influenced the demand for data center networking in this region. Within North America, the United States specifically has experienced significant growth.
As data security gains importance, North American data centers are required to adhere to strict regulations and implement robust security measures to safeguard sensitive information. The region's focus on connectivity, security, and infrastructure also makes it a vital area for companies looking to establish their data center operations, driving market growth.
For more information on the report, visit: https://www.kingsresearch.com/data-center-networking-market-234
Key Points from TOC:
1 Introduction of the Global Data Center Networking Market
2 Executive Summary
3 Research Methodology
4 Global Data Center Networking Market Outlook
5 Impact of Russia-Ukraine War
6 Global Data Center Networking Market, By Component
7 Global Data Center Networking Market, By End-User
8 Global Data Center Networking Market, By Geography
9 North America
11 Asia Pacific
12 Middle East & Africa
13 Latin America
14 Global Data Center Networking Market Competitive Landscape
15 Company Profiles
Browse Complete TOC: https://www.kingsresearch.com/toc/data-center-networking-market-234
Browse More Related Reports:
Network Automation Market: Global Industry Analysis and Forecast 2023-2030
Data Center Power Market: Global Industry Analysis and Forecast 2023-2030
Managed Network Services Market: Global Industry Analysis and Forecast 2023-2030
Identity and Access Management Market: Global Industry Analysis and Forecast 2023-2030
Integrated Platform as a Service (IPaaS) Market: Global Industry Analysis and Forecast 2023-2030
Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.
View original content:https://www.prnewswire.com/news-releases/data-center-networking-market-revenue-to-record-usd-38-33-billion-by-2030--exhibiting-a-robust-cagr-of-7-53-with-north-america-leading-the-market-as-widespread-application-of-5g-technology-rises-projects-kings-research-302059358.html
SOURCE Kings Research