The Future of Data Center Networking….. COVID-19 & Its Impact….
Posted by mrudulaGVR on June 19th, 2020
The global data center networking market size is projected to reach USD 40,905.7 million by 2025, registering a CAGR of 11.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. The growing volumes of unstructured data across various industry verticals are expected to drive the demand for data center networking solutions. The proliferation of cloud computing and the emergence of advanced data center operating models are also expected to drive the market growth over the forecast period.
In contrast to its related industries like consumer electronics and semiconductors, the data center and communications infrastructure industry is expected to be more buoyant with continued strategic investments made to support the increased network traffic and data usage for remote working during the lockdown phase. From school closures necessitating students to use virtual offerings (Google Classroom ) to the governments using business analytics services (Power BI) for communicating virus updates, the demand for communication services and related infrastructure has witnessed an unprecedented rise amidst the global pandemic. Digital services including telemedicine are expected to remain popular even after the pandemic is contained, thereby ensuring strong growth in the communication infrastructure industry. The report will account for Covid19 as a key market contributor.
Data center networking helps organizations in organizing and consolidating information at a single platform before it is exposed to cross-channel systems and processes. It also enables organizations to connect effectively with their customers operating in diverse industry verticals. Optimum performance, improved integration of servers, and reduction in operational cost are some of the major benefits that are driving the popularity of data center networking solutions.
Organizations are emphasizing on having a state-of-the-art infrastructure for resolving the concerns and fulfilling the expectations of their customers efficiently. The integrated information is stored, analyzed, and managed on shared platforms using different networking solutions, thereby enabling service providers to modernize their business models and augment their revenues. As such, the growing need for channelizing information to optimize the day-to-day networking operations is expected to drive the demand for data center networking solutions over the forecast period.
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The market is also expected to grow in line with the growing preference for cloud-based storage platforms, the increasing need for protecting cyberattacks, and the rising demand for real-time analytics. Data center networking guarantees on-demand access to information and allows businesses to focus on augmenting the sales of their products. Data center networking can also be considered as an efficient mode of disaster recovery as it offers access to clone databases and operational restore & recovery functions.
Further key findings from the study suggest:
The global data center networking market size was valued at USD 19,853.1 million in 2018 and is expected to exhibit a CAGR of 11.0% from 2019 to 2025. Robust data center networking solutions would be required as the volume of information generated across various industry verticals shows no signs of abating. The growing adoption of cloud computing across various industry verticals is also expected to drive the demand for these solutions over the forecast period. The growing trend of data center virtualization coupled with the adoption of advanced data center operating models is among the other factors that are anticipated to drive the market growth over the forecast period.
Large organizations are particularly trying to distribute their workload across multiple cloud platforms. This has triggered the need for decentralization and disaggregation of data center infrastructure. Given that organizations would adopt different data center operating models according to their requirements, the need for customized networking platforms to simplify cloud computing operations is growing. This is expected to open new opportunities in the market.
Organizations often have to confront new challenges as they continue to expand and digitalize. One of the major challenges is to ensure an efficient infrastructure to store the information generated every day. An organization today needs large storage capacities and facilities to manage all this information. A data center comprises networked computers and storage applications that can help in storing, organizing, processing, and disseminating the information. The growing need for ensuring an efficient infrastructure to store and process the information is driving the adoption of related solutions.
Data center automation can potentially simplify networking operations by analyzing the traffic, offering debugging solutions, and resolving all networking concerns in real time. The way data centers are designed, deployed, networked, and maintained is evolving fundamentally. Cloud computing and virtualization platforms are also evolving accordingly, thereby driving the demand for next-generation data center networking solutions. As such, data center networking and cloud computing businesses are growing rapidly and are emerging as highly sought-after services for diverse applications in various industry verticals. However, the increasing complexity of data center designs is emerging as one of the significant factors restraining the growth of the market.
Grand View Research has segmented the data center networking market based on product, end use:
Data Center Networking Product Outlook (Revenue, USD Million, 2015 - 2025)
Data Center Networking End Use Outlook (Revenue, USD Million, 2015 - 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.Also See: Data Center, Center Networking, Forecast Period, Networking Solutions, Solutions, Over, Networking
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