Data Center Interconnect Solutions Market Size to Grow by USD 7.25 billion, Increasing Demand for Connectivity to Drive Market Growth - Technavio
NEW YORK, Sept. 28, 2022 /PRNewswire/ -- The data center interconnect solutions market size is expected to grow by USD 7.25 billion from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 14.13% during the forecast period, according to Technavio. The market has been segmented by end-user (telecommunications, BFSI, cloud and IT services, content and digital media, and others) and geography (North America, APAC, Europe, South America, and the Middle East and Africa).
Technavio provides a comprehensive report summary describing the market size and
Data Center Interconnect Solutions Market: Segmentation Analysis
By geography, North America will account for 38% of the market's growth during the forecast period. This growth is attributed to factors such as the demand for high bandwidth from major industries, including telecommunications, banking and finance, cloud and IT services, and content and digital media. However, market growth in this region will be slower than the growth of the market in other regions. The US is a key country for the data center interconnect solutions market in North America.
By end-user, the telecommunications segment will be the largest contributor to market growth during the forecast period. Data centers continuously process large amounts of data, with low latency for companies in the telecommunication industry. The significant rise in the demand for data centers in the telecommunications segment will drive market growth during the forecast period owing to the increase in the use of digital mobile payment systems.
Learn about the contribution of each segment summarized in concise infographics and
Data Center Interconnect Solutions Market: Driver and Trend
The increasing demand for connectivity is driving market growth. The growth in the urban population has led to rapid technological advances, which, in turn, has increased the demand for robust communication networks. The availability of infrastructure in urban areas has increased business activities and the emergence of data centers. Hyperscalers such as Google and Facebook have expanded their data centers for storing and processing heavy datasets, which will further drive market growth during the forecast period. In Europe, the major business activities are concentrated in and around London, Frankfurt, Amsterdam, and Paris.
Software-defined interconnection is one of the key trends in the market. It enables linking between cloud data centers, on-premises data centers, and multi-tenant data centers. This adds value to networking connectivity. Software-defined interconnection helps enterprises control all the operations at the edge instead of investing in hardware, which helps reduce costs. Some of the key features of software-defined interconnection include monitoring, managing direct connections, inspecting bandwidth distribution, and utilization. Owing to high volumes of traffic, the rise in the adoption of technologies such as AI, and the increasing adoption of hybrid and multi-cloud environments, software-defined interconnection will be the leading technology solution in the near future.
Technavio has identified key trends, drivers, and challenges in the market, which will
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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