Growth Accelerated by Rising Demand for Scalable and Flexible Networking Infrastructure

-

Data center networking solutions provide advanced connectivity options that allow enterprises to reliably transfer large amounts of data between cloud and on-premise IT infrastructure. Requirements for high bandwidth switching, virtualization capabilities, load balancing, and network segmentation continue growing consistently across several industries relying on digital technologies.

The global Data Center Networking Market is estimated to be valued at US$ 23.5 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rising demand for scalable and flexible networking infrastructure from hyperscale data center operators is one of the major trends fueling market growth. Data centers hosting mission-critical applications and services for large user bases require networking solutions adaptable to fluctuations in traffic volumes and workloads. Leading providers are focused on developing automated, software-defined solutions allowing administrators to dynamically optimize bandwidth, configure virtual local area networks, and ensure high availability even during capacity additions or component failures. This is enabling hyperscale data center operators to support expanding customer needs in a cost-effective and reliable manner.

Segment Analysis
The global data center networking market size is dominated by the software defined networking (SDN) segment. SDN dominates as it provides flexibility, programmability, and centralized automation for the entire network infrastructure. It allows network administrators to manage traffic from a centralized control plane without having to touch individual switches. This centralized management yields better optimization and utilization of network resources as well as reduces costs significantly.

Key Takeaways
The global data center networking market is expected to witness high growth over the forecast period of 2023 to 2030. Factors such as rapid digitalization across industries, growing cloud adoption, and rising need for high-speed low-latency networks are expected to drive robust growth.

Regional analysis
North America is currently the largest and fastest growing regional market for data center networking. Significant investments by hyperscalers such as Google, Microsoft, and Amazon in building new data center facilities are driving demand. In addition, the presence of many small and medium enterprises rapidly adopting cloud-based infrastructure is also propelling the region's market growth.

Key players
Key players operating in the data center networking market are Google, Inc., Huawei Technologies Co. Ltd., Cisco Systems, Inc., Brocade Networking Solutions, Hewlett Packard Enterprise, Extreme Networks, Inc., Arista Networks, Avaya, Inc., Juniper Networks, Dell Inc., and Microsoft Corporation.

Comments

Post a Comment

Popular posts from this blog

The global Calcium Citrate Malate Market Growth Accelerated by Expanding Applications

-
Image
Calcium citrate malate is an essential mineral compound that provides calcium and supports bone health. Calcium citrate malate supplements help maintain healthy bones and teeth as we age. They support calcium absorption and distribution throughout the body. The global Calcium Citrate Malate Market is estimated to be valued at US$ 334.08 Mn in 2024 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The expanding applications of calcium citrate malate are expected to drive the market growth over the forecast period. Calcium citrate malate supplements are increasingly being used to prevent and treat osteoporosis. They are especially recommended for people who cannot digest lactose or avoid dairy products. The compound is also finding wider use in functional foods and beverages with added calcium and minerals. Manufacturers are developing various product formats like...
Read more

Labor Productivity Tracking Market Growth Accelerated by Remote Work and Digitalization Trend

-
Image
Labor productivity tracking solutions help businesses and organizations track employee productivity in real-time. These solutions offer features like time tracking, activity monitoring, goal setting, resource allocation, attendance logging, and analytics. They help enhance productivity by identifying opportunities for improvement, streamlining workflows, and ensuring employees are focused on tasks that add value. The global Labor Productivity Tracking Market is estimated to be valued at US$ 6.81 Billion in 2024 and is expected to exhibit a CAGR of 38% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rapid adoption of remote work and digitalization trend across industries during the pandemic has been a major driver accelerating growth of the labor productivity tracking market. Many organizations have now accepted work from home and hybrid work models. Labor productivity tracking solutions help employers...
Read more

Myopia and Presbyopia Eye Drops Market Growth Accelerated by Increase In Myopia And Presbyopia Cases

-
Image
Myopia and Presbyopia eye drops are used for temporary relief from blurred vision caused by refractive errors such as nearsightedness and farsightedness. Myopia and presbyopia eye drops contain saline or other solutions which helps in moisturizing the eyes and providing temporary relief from vision issues. Increase in usage of digital devices and lack of outdoor activities have accelerated the cases of myopia and presbyopia worldwide. The global Myopia And Presbyopia Eye Drops Market is estimated to be valued at US$ 1.8 billion in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing prevalence of myopia and presbyopia cases globally is the major key trend fueling the growth of the market. According to a study by The International Myopia Institute, it is estimated that around 50% of the world's population will suffer from myopia by the year 2050. T...
Read more