Data Center Networking Market Poised to Register High Growth of 5.5% by 2031

 

Data Center Networking Market Trends

The data center networking market enables the transfer of information within a network of servers and storage. Connectivity solutions offered in this market allow efficient data transmission and management. Rack switches, top-of-rack switches, aggregation switches, core switches, and routers are some common networking solutions deployed in data centers. Rising adoption of cloud-based services and big data analytics has augmented the need for strong network infrastructure to process huge volumes of data seamlessly.

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 Takeaways

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. These companies offer comprehensive portfolio of networking solutions catering to diverse network architecture needs of data centers. BASF and DOW Chemicalscaptured a significant market share due to their early mover advantage and continuous innovation.

The ever-expanding digital ecosystem has opened up opportunities for hyperscaling of data center infrastructure. Leading Data Center Networking Market Trends providers are significantly augmenting their networking capabilities to support international business clients. Rising adoption of hybrid cloud models is also prompting organizations to strengthen their networking setups to efficiently manage workload distribution. The growth of edge computing is expected to push for higher deployment of localized data center networks worldwide over the forecast period.

North America currently dominates the global market, however strong growth is expected from the Asia Pacific region over the coming years. Several global players have announced investments to establish hyperscale data center campuses in China, India and Southeast Asian countries. These facilities are slated to come online by 2024, contributing substantially to regional market revenues. Local governments are also offering tax incentives to attract foreign investments in domestic data center construction projects.

Market drivers

Surging demand for low latency connectivity: Rapid proliferation of IoT devices, autonomous vehicles, VR/AR technologies have heightened the need for real-time data transmission with negligible delay. Data center networks equipped with the latest switching solutions ensure consistent low latency even during peak usage hours. This acts as a key growth driver for market revenues.

Market restraints

High initial investment requirement: Establishing a robust, fault-tolerant data center network requires huge capital outlay for procuring top-notch routers, switches and related infrastructure. This poses a major challenge, especially for new market entrants and small-scale businesses with limited budget.

Segment Analysis

The data center networking market can be segmented based on components, end-users, and regions. The component segment can be further divided into hardware, software, and services. Among these, the hardware segment dominates the market and is expected to continue its dominance during the forecast period. Hardware components such as switches, routers, and storage area network (SAN) are extensively used across all types of data centers for smooth and efficient data transfer.

Global Analysis
Regionally, North America holds the major share of the data center networking market and is expected to continue dominating the market during the forecast period. The region witnesses the increasing adoption of advanced data center technologies and high dependence on colocation services. However, Asia Pacific is projected to grow at the fastest pace during the forecast period. The rapid digital transformation across industries and significant investment in infrastructure development are fueling the growth of the data center networking market in Asia Pacific. Furthermore, the increasing adoption of cloud-based solutions across countries such as China, India, and Japan is also driving the growth of this regional market.

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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

 

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