Data center networking facilitates communication among servers, storage systems and other IT equipment in the data center infrastructure. It enables efficient data transmission at high speeds and facilitates optimal utilization of data center resources. With increasing adoption of cloud computing, big data analytics and Internet of Things (IoT), data center operators are under pressure to scale up their infrastructure to handle growing data workloads. This has accelerated the demand for high-performance networking solutions.
The global Data Center Networking Market is estimated to be valued at US$ 27.08 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing rollouts of 5G network and edge computing infrastructure is anticipated to drive the data center networking market growth over the forecast period. 5G technology will generate massiveInternet traffic and data, requiring robust networking solutions to seamlessly connect users and IoT devices to the edge and core data centers. Similarly, shift from centralized cloud architecture to dispersed edge computing model will necessitate high-performance networking platforms to link edge facilities with regional and core data centers. This is expected to create significant opportunities for data center networking solution providers during the forecast period.
Segment Analysis
The global data center networking market is dominated by physical infrastructure segment due to increasing networking infrastructure to support growing demands of data centers. There is rise in deployment of optical cable networks, routers, switches, network cabling systems and other network devices to cater need of large data volumes across various industries.
Key Takeaways
The Global Data Center Networking Market Size is expected to witness high growth. The global Data Center Networking Market is estimated to be valued at US$ 27.08 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.
North America holds leading share in data center networking market due to rising adoption of advanced data center solutions across various industries. Asia Pacific region is expected to showcase fastest growth in market during forecast period owing to growth in IT infrastructure networks and expanding retail and manufacturing industries.
Key players operating in the data center networking market are BASF, DOW Chemicals, Huntsman Corporation, Ineos oxide, Saudi basic industries corporation, Exxon Mobil Corporation, Du Pont de Nemours & Company, and Lyondellbasell industries. The major players are focussing on new product development and adoption of growth strategies such as partnerships, mergers and acquisitions to gain competitive advantage in the market.
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https://www.newswirestats.com/data-center-networking-market-size-share-growth-outlook-2023/
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