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...