Global Data Center Networking Market Opportunities and Forecast 2023-2030

Data Center Networking Market Overview

The global Data Center Networking market is expected to grow at a high rate during the forecast period.

Factors such as the growing adoption of cloud computing and virtualization are contributing to the growth of this market across the globe.

On the other hand, the major player of the market is seeking global expansions with the guidance of emerging technologies and a large consumer base, thereby boosting the market globally.

However, the data center skills shortage and Irregularities in the data protection regulatory landscape are likely to restrain the market growth.

Covid-19 Impact on Data Center Networking Market:

Like many other industries, COVID-19 badly knocked the electronic and semiconductor industry. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the growth of the overall sector. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.

Data Center Networking Market Segment Overview

Based on the Component, the market is segmented into solution and service. The service segment dominated the global market in 2020 however and is also expected to grow at the highest CAGR during the forecast period.

Based on application, the global Data Center Networking market is segmented into manufacturing, BFSI, healthcare, Energy, IT & telecommunication, and others. The IT & telecommunication segment dominated the global market in 2020 however, the BFSI segment is expected to grow at the highest CAGR during the forecast period.

Market Analysis, Insights, and Forecast – By Component

·       Solution
·       Service

Market Analysis, Insights and Forecast – By Application

·       Manufacturing
·       BFSI
·       Healthcare
·       Energy
·       IT & Telecommunication
·       Others             

Data Center Networking Market Regional Overview

Region-wise, Asia Pacific dominated the global Data Center Networking market due to the increasing population and surge in e-commerce. The concentration of key vendors in this region encourages the development and adoption of Data Center Networking. Emerging economies, such as China and India, along with other Southeast Asian countries are witnessing rapid adoption of on-demand, cloud-based, and high-speed internet services. On the other hand, North America also high market share owing to the presence of major market players and data center service providers. At present, there are more than 1,600 data centers in North America.

Data Center Networking Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Data Center Networking Market Competitor overview

Some key developments and strategies adopted by manufacturers in Data Center Networking are highlighted below.

·       In May 2019 Cisco rolled out an integrated hardware/software package called SD-WAN Cloud onRamp for CoLocation that lets customers tie distributed multi-cloud applications back to a local branch office or local private data center. 

Data Center Networking Market, Key Players

·       International Business Machines Corporation
·       Intel Corporation
·       Huawei Technologies Co., Ltd.
·       Fujitsu Ltd.
·       Dell Inc.
·       Cisco Systems, Inc.
·       Microsoft Corporation
·       Broadcom, Inc.
·       Siemens AG
·       Schneider Electric SE