Data Center Networking Market

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DATA CENTER NETWORKING MARKET
ANALYSIS

• Data Center Networking Market, Component Type
  (Hardware, Software and Services) By Industry
  Vertical (Telecommunications, Government, Retail,
  Media Entertainment, BFSI, Healthcare,
  Education and Others and by Region (North
  America, Europe, Asia Pacific, Latin America,
  Middle East and Africa) - Size, Share, Outlook,
  and Opportunity Analysis, 2019 - 2027

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• Market Overview
• The global Data Center Networking market was
  valued US 95.05 Bn in 2019 and expected to reach
  US 308.05 Bn by 2027.
• Market Dynamics Drivers
• Growing adoption of cloud data storage to reduce
  operational cost is expected to drive growth of
  the global data center networking market during
  the forecast period
• Increasing implementation of data center
  virtualization and cloud computing is expected to
  propel the global data center networking market
  growth over the forecast period

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Figure 1 Market Share
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• Market Dynamics- Restraints
• Uncertainty regarding data protection laws is
  expected to restrain growth of the global data
  center networking market during the forecast
  period
• Increasing complexity of data center designs is
  expected to hamper the global data center and
  networking market growth over the forecast period

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Market Opportunities

• Growing demand from oil gas and telecom
  industries is expected to present lucrative
  growth opportunities
• Growing demand from oil gas and telecom
  industries is expected to present lucrative
  growth opportunities

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Figure 2 Market Opportunity
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Market Trends

• Growing volume of data center IP traffic
• Increasing data center and cloud storage capacity
  and utilization
• Segment information
• In global Data Center Networking market, by
  software component, the Switching operating
  system (OS), sub-segment dominated the global
  market in 2019, accounting for 32.7 share in
  terms of value, followed by Management software,
  Virtual switches, and controller respectively.

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Figure 3 Market Share
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• Competitive Section
• Key players operating in the global data center
  and networking market are Google, Inc., Huawei
  Technologies Co. Ltd., Cisco Systems, Inc.,
  Brocade Networking Solutions, Hewlett Packard
  Enterprise, Extreme Networks, Inc., Arista
  Networks, Avaya, Inc., Juniper Networks, Dell
  Inc., and Microsoft Corporation.

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• Key Developments
• Key players in the market are focused on mergers
  and acquisitions, in order to gain competitive
  edge in the market. For instance, in March 2017,
  Extreme Networks, a U.S.-based networking
  company, acquired Brocade Networking Solutions
  data center networking business for US 55
  million.
• Major companies in the market are focused on
  partnerships and collaborations, in order to
  enhance the market presence. For instance, in
  January 2020, Hewlett Packard Enterprise
  partnered with Cumulus Networking, an open
  networking software vendor, to address the
  increasing demand for network infrastructure.

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