Visiongain has published a new report on Data Centre Networking Market Report to 2031: Forecasts By Component (Hardware {Ethernet Switches, Storage Area Network (SAN), Routers, Application Delivery Controller (ADC), Network Security Equipment, Others}, Software, Service {Professional Service, Managed Service}), By End-User (Cloud Service Providers, Enterprises, Telecommunication Service Providers), By Industry Vertical (BFSI, Government, Healthcare, Retail, Media & Entertainment, Others). PLUS, Profiles of Data Center Networking Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.

Global data center networking market was valued at US$ XX billion in 2019 and is projected to reach a market value of US$ XX billion by 2031.

Rising adoption of virtualization technologies and increasing adoption of cloud-based solution & services are the factors driving the growth of the data center networking market. The market seeks growth opportunities from a high focus on business continuity and disaster recovery and the rising trend of the green data center. However, lack of skilled expertise and data security and privacy concerns are some of the factors hampering the market growth during the forecast period.

COVID-19 Impact on Data Center Networking Market
C.OVID-19 is expected to have a significant impact on the market. The nationwide lockdown imposed across the country has led to shutting down of on-premise processes. The cloud computing technology has witnessed a considerable demand during the pandemic owing to the work from home initiatives adopted by the enterprises, thereby creating a demand for data center networking for enhanced computing capabilities. The need among enterprises to ensure business continuity and availability during such pandemic further propels the demand for data centers. Thus, the outbreak of COVID-19 is having a significant positive impact on the data center networking market.

Market Drivers

Rising Adoption of Virtualization Technologies
Virtualization technologies are witnessing an increasing demand over the years. The technology allows creating a software-based representation of applications, servers, storage, and networks. It allows the user to use the full capacity of the physical machine by distributing its capabilities among various users or environments. Adopting virtualization technology in data centers offers highly scalable, available and secure infrastructure. The data center virtualization products are software-defined and highly automated, which helps in increasing the IT agility and networking performance. Thus, the rising adoption of virtualizing technologies is expected to drive the growth of the data center networking market.

Increasing Adoption of Cloud-Based Solution & Services
The businesses of all sizes across the sectors are showing interest in cloud solutions & services. The spending on cloud infrastructure & applications is increasing due to the growing awareness related to the benefits of the cloud. Moreover, these cloud-based apps also offer flexibility to the user. Thus, increasing adoption of cloud is expected to create the demand for data center networking market. Datacenter networking equipment helps in ensuring the availability of the cloud platform and offer the scalable computing capability required by the cloud. Thus, the increasing adoption of cloud-based solution & services is expected to drive the growth of the data center networking market.

Market Opportunities

High Focus on Business Continuity and Disaster Recovery
Enterprises cannot afford the cost of application downtime or loss of data due to natural disaster or any other issues. Moreover, the regulatory mandates also compel firms to recover the business operations regularly, thereby creating demand for data centers. The data centers help in disaster recovery by protecting the data through offsite data replication and backup. It also helped in maintaining continuity & resilience by restoration the business after a failure and continued operation during the collapse. However, the availability of data centers depends upon the networking hardware & software. Thus, the high focus on business continuity and disaster recovery is expected to drive the market growth.

Rising Trend of Green Data Center
A green data center or a sustainable data center refers to the repository for the storage, management, and dissemination of data designed for maximizing energy efficiency and minimizing environmental impact. Green data centers used advanced technologies for data storage, management, and operations on the data. The green data center trend allows adoption of virtualization technology and highly efficient networking equipment to disseminate less power. Thus, the rising trend of data centers is expected to create growth opportunities for the data center networking market.

Competitive Landscape
The data center networking market is highly competitive. The key market players are focused on innovating networking hardware with advanced capabilities to increase the reliability of data center operations. Furthermore, the key players also emphasize strategic mergers and acquisitions to strengthen its offerings and position in the market. Some of the companies profiled in the report include Alcatel-Lucent, Brocade Networking Solutions, Cisco Systems Inc., Dell EMC, Extreme Networks, Inc., Equinix, Fujitsu, Hewlett Packard Enterprise, Hitachi Data Systems, and Intel Corporation.

November 2019, Extreme Networks, Inc. launched new software and switches to provide data center operations with new fabric automation capabilities. The solution automatically manages the validation, testing, and process of data center fabric networks while providing critically important network reliability and resiliency.

February 2019, Fujitsu launched 1FINITY 600G hyper-scale optical transport solution. The next-generation optical transponder in its carrier-grade transport family, enabling maximum performance and capacity for data center interconnect (DCI) and 5G transport networks helping the network operators to scale their network capability.

Notes for Editors
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