The growth in data center networks is attributed to diverse factors, including rising demand for automation and increasing generation of big data. The companies requiring data management systems are outsourcing the services to data center providers. Furthermore, it mitigates the cost of ownership, and reduces operational cost, thereby ascending profit. Moreover, the rise in the need for data centers with the high influx of data is expected to increase the usage of data center networks, thereby propelling the market growth during the forecast period. The incorporation of these networks enhances the scalability of the cloud-based data center, which is likely to boost the market. Increasing views of media-rich content, and coupled rising video content is expected to consume 75% of the global mobile data traffic, by 2020. Thus, to smoothen the content delivery and better data management, the demand for the data center is increasing, thereby fueling the data center networks market growth.
Increasing Utilization of Cloud Storage
The end-user verticals, such as BFSI, and retail are moving towards cloud storage, as it is more convenient and persists high security, than the conventional method. The increasing adoption of cloud services, across the globe, is expected to have a positive impact on the market growth. The companies from various industries, including energy & power are rigorously investing in the cloud-based infrastructure for the better management, and sharing of data. In 2017, the usage of Microsoft Azure increased from 26% to 43%, owing to rising adoption of AWS from 56% to 59%, which is likely to boost the utilization of cloud-based data centers, thereby propelling the market growth.
BFSI to Have the Highest Share
The banking and financial service industry demands high bandwidth to handle crucial systems and various high-performance actions, including trading and digital transactions. In addition, low latency servers are in high demand in order to provide quality and highest uptime services to the customers. As a result, the utilization of data centers is increasing, thereby propelling the usage of data center networks. Furthermore, the rise in big data will always be at its peak, owing to rising volume of transaction. The companies in BFSI sector analyze and strategically plan their business ideas through the generated big data, wherein security is a topmost concern. Data centers and networking offers smooth handling of security according to the administrator, which is expected to propel the market growth during the forecast period.
Asia Pacific to Exhibit the Highest Growth
The rapid rise in economic growth, coupled with an exponential increase in internet users in the Asia Pacific region, is likely to drive the market. The infrastructure associated with data centers are increasing and certain countries, such as India, and China are revamping the old ones, which are expected to boost the use of data centers. Furthermore, the availability of cheap smart phones in the region is propelling the number of smart phones, and internet users, which is projected to boost the data centers, thereby propelling market growth during the next six years.
- February 2018 - Innovium, Inc. announced the launch of advanced version of switch software platform, which has various capabilities, and deliver performance up to 12.8 TB. This is expected to fuel the company’s growth
- January 2018 - Cisco launched internet based data center networks, which is likely to boost the efficiency of data storage and transmission. This is projected to have a positive impact on the company, and offer a competitive edge over its rivals
Reasons to Purchase this Report
- The future prospect of the data center networks market and opportunities.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Regional analysis of the market
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet in excel.
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1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Industry Value Chain
4.3 Factors Driving the Market
4.3.1 Increasing Utilization of Cloud Storage
4.3.2 Rising Need for Backup and Storage
4.4 Factors Restraining the Market
4.4.1 Lack of Skilled Workers
4.5 Industry Attractiveness - Porter's Five Industry Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products or Services
4.5.5 Competitive Rivalry among Existing Competitors
4.7 Industry Regulations & Policies
5. Global Data Center Networks Market Segmentation
5.1 By Product
5.1.1 Ethernet Switches
5.1.2 Storage Area Network
5.2 By End-user Vertical
5.3 By Geography
5.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6. Competitive Intelligence - Company Profiles
7. Company Market Share
7.1 Cisco Systems
7.2 Juniper Networks, Inc.
7.3 Arista Networks
7.4 Arista Networks
7.5 H3C Holding Limited
7.6 VMware, Inc
7.7 Huawei Technologies Co., Ltd.
7.8 Extreme Networks
7.9 Equinix, Inc.
7.10 Cumulus Networks
7.11 Dell EMC
7.12 NEC Corporation
7.13 Big Switch Networks, Inc.
7.14 Lenovo Group Ltd.
*List not exhaustive
8. Opportunities in Global Data Center Networks Market
- Cisco Systems
- Juniper Networks Inc.
- H3C Holding Limited
- Arista Networks
- VMWare Inc.
- Huawei Technologies Co. Ltd.
- Extreme Networks
- Equinix Inc.
- Cumulus Networks
- Dell EMC
- NEC Corporation
- Big SwITCh Networks Inc.
- Lenovo Group Ltd.