Market Overview
Data center networking is the method of establishing and interconnecting all physical- and network-based equipment and devices within a data center facility. It allows a digital connection between data center infrastructure nodes and equipment to ensure that they can connect and transfer data between one another and on the Internet. Deployment of hyperscale data centers has increased in the recent past wherein data center infrastructure is provided on lease by companies. This is mainly due to recent advancements in digital technology. Typically, a data center network forms a network infrastructure that complies with industry regulations, offers security, stability, and reliability, supports networking requirements for modern technologies, and can fulfill the requirements of network communications in peak usage.
The global Data Center Networking market was valued US$ 95.05 Bn in 2019 and expected to reach US$ 308.05 Bn by 2027.

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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
In the recent past, organizations have started depending more and more on data centers as a delivery system for products, news, adverts, information, and communication due to increased demand for services and access via internet. Furthermore, there is a rise in power density of cabinets and a decline in the demand for physical servers and additional cabinets, owing to high growth of cloud market. This, in turn, saves additional space and cost required. Hyperscale data centers provide cloud services in the form of storage, network security, and servers for business applications on lease thereby removing the total cost of ownership (TCO) of IT data center infrastructure. For instance, VMware, a cloud infrastructure and business mobility company, was able to save $1.5 Bn for one of their clients in healthcare by avoiding data center upgrades and increasing CPU utilization to 80% from the existing 5% with the help of VMware virtual infrastructure software.
Increasing implementation of data center virtualization and cloud computing is expected to propel the global data center networking market growth over the forecast period
Virtualization refers to a method of formation of various logical devices from a single physical device. Increasing demand from organizations for real-time user interaction, efficient use of storage devices, provision of on-demand services, and control over data center networks are supporting growth of the data center virtualization and cloud computing market. Furthermore, rising adoption of cloud computing and virtualization is boosting the demand for various data center networking products namely virtual switches and various switching operating systems, which in turn, is expected to propel the global data center networking market growth during the forecast period.
North America region dominated the global data center networking market in 2019, accounting for 33.4% share in terms of value, followed by APAC, Europe, South America and Middle East respectively.

Market Opportunities
Growing demand from oil & gas and telecom industries is expected to present lucrative growth opportunities
Edge computing has emerged as a powerful option for data storage, in which sensors transmit data to close-by edge computing devices that analyzes the data, thereby eliminating the need to send it back to a remote data center. Industries such as water utilities, power stations, and oil & gas have adopted Internet of Things (IoT) devices and sensors to better monitor and manage their infrastructure through rapid automation. Moreover, in the near future, telecom industry is expected to adopt data center networking due to significant amount of data generated over the internet.
Rising impact of Internet of Everything (IoE) to provide major business opportunities
Massive amount of data is created by users as well as airplanes, automobiles, and buildings, which is pushing cloud services. The demand for analytics is driven by the growth of machine-to-machine (M2M) connections and applications. Moreover, application analytics can occur at edge of the device with edge computing or at central data centers.

Market Taxonomy

This report segments the global data center networking market on the basis of component type, industry vertical and region. On the basis of Component Type Hardware, Software and Services. On the basis of Industry Vertical Telecommunications, Government, Retail, Media & Entertainment, BFSI, Healthcare, Education and Others. On the basis of region, global data center networking market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:
• This report provides an in-depth analysis of the global data center networking market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global data center networking market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global data center networking market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global data center networking market.

Detailed Segmentation:
Global Data Center Networking Market, By Component Type:
• Hardware
• Software
• Services
Global Data Center Networking Market, By Industry Vertical:
• Telecommunications
• Government
• Retail
• Media & Entertainment
• BFSI
• Healthcare
• Education
• Others


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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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