Data Center Networking Market Size By Component (Solution [Ethernet Switches, Routers, Servers, (ADC) Application Delivery Controller], Service [Professional, Managed]), By Application (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027
The data center networking market is expected to witness strong growth by 2027, driven by high product demand from numerous application avenues like healthcare, manufacturing, IT & telecom, energy, colocation, and BFSI among others.
Data center networking is the process of establishing as well as interconnecting the complete stack of physical and network-based equipment and devices inside a data center facility. The key goal of modern data center networking is to accommodate numerous data center occupants with an assortment of workloads.
The technologies and components that make up data center networks generally comprise of internet connectivity components like optical, wireless, DSL and satellite; network security components such as IDS, firewalls, encryption algorithms/security protocols; network addressing schemes like IP V6 or IP V4; and interface cabling and networking equipment such as modems, switches and routers.
New and advanced data center networking platforms typically connect as well as protect everything in an establishment’s environment, changing dynamically to the growing needs of consumers and applications. They also deliver critical services for data and apps, which includes operations, automation, as well as granular security through micro-segmentation.
The data center networking market is bifurcated in terms of component, application, and regional landscape.
With respect to component, the data center networking market is divided into service and solution. The solution segment is further classified into ADC (application delivery controller), servers, routers, ethernet switches, and others. Among these, the ethernet switches segment will witness robust demand over the coming time period. In fact, there will be very high demand for high-density 100G ethernet switches that offer high-performance as well as low latency for data center networks.
A switch is utilized in a wired network to link to other devices using Ethernet cables. Switches allow each connected device to communicate to the others more effectively. Today, due to the intense network performance needs caused by placing various critically important servers inside the same room, data center networks utilize some of the most highly advanced Ethernet switches as well as switch features available.
In terms of application, the market for data center networking is segmented into IT & telecom, manufacturing, healthcare, government, energy, BFSI, colocation and others. Here, the BFSI segment will witness tremendous growth over the estimated time period. The modernizing BFSI sector, which is increasingly adopting digitalization has boosted the demand for data center networking solutions for data traffic management.
On the regional front, North America is forecast to accumulate remunerative gains in coming years. The region’s developed manufacturing industry, which is constantly adopting advanced digital technologies such as AI and IoT, is expected to spur the demand for data center networking solutions.
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