Data center networking allows interconnection of servers, storage and technologies that support enterprise applications and services. It involves switches, routers and other network infrastructure devices that enable seamless communication within a data center. Growing reliance of organizations on cloud computing and bandwidth intensive applications such as video streaming has been augmenting the demand for robust and scalable networking solutions in data centers. Additionally, surging penetration of 5G networks and rising adoption of technologies like artificial intelligence and internet of things are prompting data center operators to upgrade their connectivity infrastructure, thus favoring market growth.
The Global Data Center Networking Market is estimated to be valued at US$ 27.08 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.
Key players operating in the data center networking are BASF, DOW Chemicals, Huntsman Corporation, Ineos oxide, Saudi basic industries corporation, Exxon Mobil Corporation, Du Pont de Nemours & Company, and Lyondellbasell industries.
Key Takeaways
Key players: BASF, DOW Chemicals, Huntsman Corporation, Ineos oxide, Saudi basic industries corporation, Exxon Mobil Corporation, Du Pont de Nemours & Company, and Lyondellbasell industries are among the prominent players in the data center networking market. These players are focusing on new product launches and partnerships to expand their footprints in the market.
Growing demand: Increasing adoption of Data Center Networking Market Trends and edge computing is driving huge volumes of data which is increasing the demand for scalable and high-performance networking solutions in data centers. Additionally, the rise of 5G and proliferation of IoT connections are contributing to bandwidth growth.
Global expansion: Leading data center operators are constructing new facilities and upgrading the networking infrastructure of the existing sites globally. The investments in regions like Asia Pacific and Middle East & Africa are expected to increase on account of rapid digital transformation and internet usage in these areas.
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