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Data Center Networking Market Size, Share & Industry Analysis, By Component (Products, Services) By Industry (BFSI, IT & Telecommunication, Healthcare, Retail, Education, Government, Media & Entertainment, Manufacturing, Others) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI104834 | Status : Ongoing

 

KEY MARKET INSIGHTS

In today’s intelligent era, data centers are facing unprecedent challenges which are difficult to manage through traditional operation and management methods. Also, increasing service traffics, growing data silos, and underulization of data are some of the challenges faced by the data center opeartors. Data center networking (DCN) technology minimizes risk, cost, and complexity in multi-cloud environments. It simplifies the model, improves efficiency, and delivers a high-performance network. Growing usage of mobile and computing devices generates a massive amount of data that has propelled the need for data center networking for efficient data and operation management. The capability to deliver high performance and low latency features for dynamic and effective automation is driving the DCN adoption. Massive adoption of data center infrastructure across several industries is the key factor that drives the market growth. Also, trends like virtualization, consolidation, and cloud computing have significant implications on market growth. Further, growing cyberattacks are demanding a highly secure data center infrastructure, which boosts the DCN demand.  


Network functions virtualization (NFV) and software-defined network (SDN) technologies become preferable over traditional data center networks owing to their affordability and compatibility. IT and telecommunication sector is rapidly moving towards these alternatives as they are easy to handle, upgrade, and modify. Moreover, in the fast pacing business landscape, organizations are shifting to the advanced service delivery models. These advanced business service models are demanding dynamic, secure, and flexible data center infrastructure. Thus, businesses are promoting data center networking demand to improve their service delivery models.


Key Market Driver -

• Increasing demand for secure and agile data centers to enhance the adoption • Trend of cloud computing and virtualization to drive the market growth • Growing cyberattacks to boost the demand

Key Market Restraint -

• Data and access control compliances and policies to increase system complexity

   


Key Players Covered:


A highly competitive business landscape encourages market players to invest their efforts into the research and development activities to best meet the needs of customers. The leading market players are investing in the next-generation data center networking solutions. In July 2020, Nokia Corporation has announced the release of a modern network operating system (NOS) and an operations toolkit that enables cloud users to adapt, automate, and scale the data center networking operations. Key companies are adopting various business strategies such as partnerships, collaborations, mergers, and acquisitions to enhance their market presence. These strategies are further helping to expand their business network geographically.


Key companies summarised includes Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Zoho Corp., Facebook, Inc., Nokia Corporation, Juniper Networks, Inc., Dell Inc., Arista Networks, Huawei Technologies Co., Ltd., Epsilon Telecommunications Limited., Microsoft Coprporation, Avaya Inc., Extreme Networks Inc., Brocade networking solutions,  and among others.


Regional Analysis:


North America is expecting to emerge as a dominant region in the global data center networking market. This dominance is attributed to the rapidly developing data center infrastructure across the region. The rising demand for on-demand services, and efficient use of storage devices is likely to accelerate market growth. Massive adoption of virtualization, cloud computing technology, and efficient storage systems are further stimulating the demand for data center networking across the region. Apart from this, growing cyberattacks are escalating the demand for highly secure data center. The growing penetration of software defined networking and 5G technology has escalated the demand for SDN-based, 5G oriented data center networking in North America.


In Europe, increasing usage of mobile devices is resulting in the massive generation of data, which drives the need for an efficient data management system. Europe is showcasing significant development in cloud computing technology. As per the report published by ‘Tech UK’ in July 2019, cloud services adoption had risen in the United Kingdom during 2016-2018 from 36% to 41.9%. The progressive adoption of cloud computing technology among European nations is expected to drive the demand for cloud data center networking in the coming years. 


Asia-Pacific is anticipated to fuel the data center networking market owing to the ongoing rapid digitalization. The demand is further accelerated by the growing adoption of storage, server, and networking infrastructure. Increasing acceptance of cloud computing is probable to drive the demand for DCN across Asia-pacific.   


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Segmentation  






















 ATTRIBUTE


  DETAILS

By Component


 




  • Products

    • Storage Area Network (SAN)

    • Application Delivery Controllers (ADC)

    • Ethernet Switches

    • WAN Optimization Equipment

    • Network Security Equipment

    • Routers

    • Others (Firewalls, etc.)



  • Services

    • Professional Services

    • Managed Services





By Industry




  • BFSI

  • IT & Telecommunication

  • Healthcare

  • Retail

  • Education

  • Government

  • Media & Entertainment

  • Manufacturing

  • Others (Energy, etc.)



By Geography




  • North America (the United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (the U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)



Key Industry Developments



  • September 2019: Epsilon Telecommunications Limited. partnered with Business Connexion (Pty) Ltd to deliver enhanced data center interconnection (DCI) services for enterprises across South Africa. The service enables the company to manage network services from a single port along with seamless global connectivity.

  • November 2019: Arista Networks introduced a solution named ‘CloudEOS’ to enhance cloud networking. The solution enables consistent monitoring, provisioning, telemetry, and troubleshooting from data center to the cloud.


  • Ongoing
  • 2021
  • 2018-2020

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