Data Center Interconnect Market Overview
With rapid modernization and digitalization, enterprises are equipped with techniques that enable them to share data among different data centers. Data center interconnect facilitates the easy access and transfer of data and information across different sectors and departments, thereby, channelizing a smooth flow of data towards achievement of IT and business goals.
As per the latest report published by Market Research Future (MRFR), the global Data Center Interconnect Marketwill reach a valuation USD 6.5 Bn by 2023, expanding at a CAGR of 11% during the forecast period (2017-2023).
Organizations are endeavoring to virtualize their data centers for enhanced efficiency and reducing cost. Also, data center interconnect allows the connection between data centers and cloud services for enriched experience through applications, such as, disaster recovery and business continuity. This growing inclination towards cloud infrastructure is propelling the growth of the market.
Expanding demand for disaster recovery solution, data backup, increased utilization of analyzable data, and, rapid migration to cloud-based services are some of the factors supporting the growth of the market. However, certain restraints exist such as requirement of high initial investment, which is hampering the adoption of data center interconnect.
Get Free Sample Copy Report of Data Center Interconnect Market @ https://www.marketresearchfuture.com/sample_request/4144
Competitive Dashboard
The key players operating in the global data center interconnect market include Ciena Corporation (US), Huawei Technologies Co., Ltd. (China), Nokia Corporation (Finland), ADVA Optical Networking SE (Germany), Cisco Systems, Inc. (the US), Juniper Networks, Inc. (the US), Fujitsu Ltd. (Japan), Extreme Networks, Inc. (the US), and Infinera Corporation (US).
Global Data Center Interconnect Market: Segmental Analysis
By type, the data center interconnect market is segmented into service, hardware, and software. Of these, the services segment is predicted to gain prominence. The segment is further classified into managed service and professional service, which aids in maximizing the network performance and uptime, reduces capital and operational costs and minimizes operational risk. Such benefits are likely to propel the market in the service segment.
By application, the data center interconnect market is segmented into real-time disaster recovery and business continuity, workload & data storage mobility, and shared data and resources/server high-availability clusters.
By end users, the data center interconnect market is segmented into enterprise, CNPs/ICPs, CSPs, government, and others. Of these, the enterprise segment is predicted to command the major share. The segment includes utility and power, banking and finance, media and entertainment, healthcare, retail and e-commerce, and others. Data application and application for dynamic workload scheduling, specifically for cloud-based applications, is predicted to augment the market’s growth in the enterprise segment.
Regional Frontiers
Geographically, the data center interconnect market spans across Europe, Asia Pacific, North America, and Rest of the World (RoW).
Considering the global scenario, Asia Pacific is likely to command the highest CAGR due to the presence of nations like Japan, India, and China. The rapid adoption of the internet and cloud infrastructure are likely to impact the regional market positively. Surging adoption of latest technologies and soaring R&D activities, concerning rising demand for data center is estimated to fuel the data center interconnect market in the APAC. The recent growth witnessed in R&D in the field of technology, coupled with the surging demand for data center in order to practice cost-effective data management, will positively reflect on the growth of the regional market.
Get Complete Report @ https://www.marketresearchfuture.com/reports/data-center-interconnect-market-4144
North America is anticipated to exhibit a healthy growth rate, mainly due to the existence of the latest technologies and surging investments in the region. Huge availability of next-generation technologies, coupled with the growing investments from market players, are promoting the market growth. Utilization of data centers across business verticals is influencing the market growth to a large extent. The growth is majorly driven by the U.S., where data centers manage the high volume of data generated.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/data-center-interconnect-market-4144