Data Center Networking Market in services segment to hit $8bn by 2024

Data Center Networking Market to grow at 14.3% CAGR from 2018 to 2024: Global Market Insights Inc. Data Center Networking Market was estimated at over USD 14 billion in 2017, and is set to reach USD 35 billion by 2024; according to a new research report by Global Market Insights, Inc. The high growth of the data center networking market is strongly aided by the increasing focus of data centers to improve the bandwidth speed and connectivity.

Data centers located in faraway location and in colocation settings store large databases of information that are required immediately. In such a scenario, lags in the relay of data can be detrimental to business operations, fueling the demand for advanced networking technologies such as 100 Gbps and 400 Gbps Ethernet switches and silicon photonics.

The segmentation of the data center networking market indicates that the services segment is anticipated to witness a significant growth to reach over USD 8 billion by 2024. Organizations are increasingly outsourcing management activities such as consulting, repairing, and maintenance to licensed external players.

The increase in the construction and modernization of facilities is contributing to the increase of professional services such as installation and integration. Additionally, various organizations do not understand their network requirements such as the scalability of their infrastructure and, in most cases, undermine or overestimate their network and storage requirements, making consulting in the data center networking market a prime requisite.

The trends in the market indicates that IT & Telecom and BFSI sectors are prime adopters of the technology with BFSI sector valued at over USD 2.5 billion in 2017.

These enterprises are required to store and access large amounts of data, which need to be accessed in real time. Additionally, financial services firms need reliable and fast

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connectivity to support latency applications for tasks such as online trading and payment processing.

China data center networking market size, by end-use, 2017 & 2024 (USD Million)

Countries including China and India have become hubs of outsourced services owing to the low costs of resources such as labor, technology, and space. India market was over USD 450 million in 2017. In the aftermath of the Digital India campaign and the Start-up India Stand Up India initiative, there is a rise in the number of IT industries, which has amplified the demand for these technologies within the country.

The declining costs of semiconductor components are anticipated to drive the growth of the data center networking market. Th advent of technologies, primarily in countries including India and the Philippines is done at relatively lower costs as compared to their Western counterparts, contributing to a strong growth potential of the industry.

Additionally, the trend of outsourcing to emerging Asian countries is further driving the industry.

The players operating in the data center networking industry comprise Brocade Communications, Arista Networks, Cisco Systems, Inc., Delta Electronics, Inc., Dell, Inc., Hewlett-Packard Enterprise, IBM Corporation, and Juniper Networks. As the 2|Page

market comprises many players, companies are required to undertake strategies like partnerships, mergers and acquisitions, and invest heavily in R&D to sustain continuous growth. For instance, in February 2015, Hewlett-Packard Enterprise announced the launch of a new line of open network switches for web-scale cloud data centers. The product launch is anticipated to further improve its hold in the provision of cloud capable solutions in the industry.

Browse key industry insights spread across 250 pages with 293 market data tables & 39 figures & charts from the report, “Data Center Networking Market Size By Component (Solution [Ethernet Switches, Routers, Servers, (ADC) Application Delivery Controller], Service [Professional, Managed]), By End-Use (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Spain, Poland, Benelux, China, India, Japan, Singapore, Australia, Indonesia, Brazil, Colombia, Venezuela, Bolivia, Chile, Peru, GCC, South Africa, Morocco), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/data-center-networking-market

Table of Content (TOC-)

Chapter 1. Methodology and Scope 1.1. Methodology 1.1.1. Initial data exploration 1.1.2. Statistical model and forecast 1.1.3. Industry insights and validation 1.1.4. Definition and forecast parameters 1.1.4.1.

Definitions

1.1.4.2.

Assumptions, methodology & forecast parameters

1.2. Data Sources 1.2.1. Primary 3|Page

1.2.2. Secondary Chapter 2. Executive Summary 2.1. Data center networking industry 3600 synopses, 2013 - 2024 2.1.1. Business trends 2.1.2. Regional trends 2.1.3. Component trends 2.1.3.1.

Solution trends

2.1.3.2.

Service trends

2.1.4. End-use trends Chapter 3. Data Center Networking Industry Insights 3.1. Industry segmentation 3.2. Industry landscape, 2013 – 2024 3.2.1. Data center infrastructure industry landscape 3.2.1.1.

North America

3.2.1.2.

Europe

3.2.1.3.

Asia Pacific

3.2.1.4.

South America

3.2.1.5.

MEA

3.2.2. Internet consumption trends, by region

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3.2.2.1.

North America

3.2.2.2.

Europe

3.2.2.3.

Asia Pacific

3.2.2.4.

South America

3.2.2.5.

MEA

3.3. Industry ecosystem analysis 3.3.1. Raw material suppliers 3.3.2. Manufacturers 3.3.3. Technology providers 3.3.4. Network providers 3.3.5. Service providers 3.3.6. System integrators 3.3.7. Distribution channel analysis 3.3.8. Vendor matrix 3.4. Technology & innovation landscape 3.4.1. Software-defined networking (SDN) 3.4.2. Edge and hyperscale data centers 3.4.3. Silicon photonics usage in data centers 3.4.4. WLAN optimizers 3.5. Network readiness and internet penetration 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. South America 3.5.5. MEA 3.6. Regulatory landscape 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 5|Page

3.6.4. South America 3.6.5. MEA 3.7. Industry impact forces 3.7.1. Growth drivers 3.7.1.1.

Transition to cloud-based solutions in the U.S.

3.7.1.2. Increase in organizational data traffic and big data analytics in U.K and Germany 3.7.1.3. Growth of mega data centers and trend of collocation in China, India, and Mexico 3.7.1.4.

Rising adoption of 100Gb switch ports in the U.S. and UK

3.7.1.5. Development of broadband and internet infrastructure in India and Philippines 3.7.1.6. Increase in construction of new data centers and replacement of existing technologies in parts of South America 3.7.1.7.

Pacific

Decline in costs of semiconductor components in Asia

3.7.1.8. world

Movement from HDDs to SSDs in data centers across the

3.7.2. Industry pitfalls & challenges 3.7.2.1. Demand for highly skilled workforce for product development 3.7.2.2.

Irregularities in the data protection regulatory landscape

3.8. Growth potential analysis 3.9. Porter's analysis 3.10.

Competitive landscape, 2017 3.10.1. Strategy dashboard

3.11. PESTEL analysis 6|Page

Industry Coverage

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