Data Center Networking Market Revenue Growth Demand and Forecast – 2031

The global data center networking market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Data centers are collectively known as storage and telecommunication systems that perform a function including redundant data storage and backup power supplies. Data centers are mainly categorized into two categories that include internet-facing data centers and ethernet data centers. Internet-facing data centers are utilized by a large number of users and ethernet data centers are utilized by a small number of users. The rising adoption of cloud computing and virtualization trends in industries is expected to create enormous growth opportunities for the market.

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With the rising emergence of intelligent networking solutions with fully integrated, reliable, and flexible infrastructure to gain seamless communication and data storage solutions, the demand for data center networking solutions is increasing at a steady rate. This will emerge as the most dominant factor for the growth of the global data center networking market during the forecast period. Additionally, the rising penetration of cloud-based services, rising virtualization of cloud computing, data analytics, and the internet of things (IoT) in various industrial verticals to enhance productivity with improved transmitting technology are further creating market growth opportunities. 

Besides, the key players present in the global data center networking market include IBM Corp., Alcatel-Lucent S.A.; Cisco Systems Inc.; and HP Inc., among other players adopted various strategies that include- product launches, mergers & acquisitions, among others to remain competitive in the market. For instance, in May 2019, Nutanix announced a new product launch as Nutanix Mine into the secondary storage market to offer an open platform for IT operations in a private cloud natively associated with Veeam and HYCU. 

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Market Coverage

• Segment Covered- 

• By Component
• By End-User

• Competitive Landscape- IBM Corp., Alcatel-Lucent S.A.; Cisco Systems Inc.; and HP Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Data Center Networking Market Report Segmentation

By Component

• Ethernet Switches
• Routers 
• Servers
• Network Security Equipment
• SAN 
• Others 

By Application

• BFSI 
• Government
• Healthcare 
• IT & Telecom
• Retail 
• Others

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