Belgium Data Center Networking Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.13 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Belgium Data Center Networking Market Analysis
The Belgium data center networking market reached a value of USD 156.76 million in the previous year, and it is further projected to register a CAGR of 2.12% during the forecast period.
- The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
- The upcoming IT load capacity of the market is expected to reach 260 MW by 2029. The country's construction of raised floor area is expected to increase more than 1.3 million sq. ft by 2029.
- The country's total number of racks to be installed is expected to reach 65,000 units by 2029. Brussels will likely house the maximum number of racks by 2029. There are close to 5 submarine cable systems connecting Belgium, and many are under construction.
Belgium Data Center Networking Market Trends
IT & Telecommunication Segment to Hold Major Share in the Market
- The strong growth of mega data centers, high penetration of 100GB switch ports, increased broadband development, increasing demand for high-speed internet, and development of internet infrastructure are positively contributing to the market growth.
- The growth is being driven by increased adoption of cloud computing technologies, digitization, virtualization, and many storage system services. As the amount of data generated continues to increase, the need for storage and backup solutions increases. More storage arrays have equivalent storage arrays in the cloud that can be easily replicated and failed over if needed. Examples include Hewlett Packard Enterprise Cloud Volumes (Nimble) and IBM Spectrum Virtualize.
- The growth is driven by an increase in telecom subscribers and an increasing number of smartphone users to generate more information and increase demand for data center network solutions in the country.
- The increasing demand for 4G services and the continuous expansion of infrastructure to provide 5G services facilitate the use of data centers. As the amount of data generated continues to increase, the need for backup and storage solutions increases. This accommodates the increasing number of network solutions in data centers.
- The rise in artificial intelligence (AI), Internet of Things (IoT), and big data workloads is driving demand for ingenious data center network infrastructure solutions among data facilities. This allows providers to constantly innovate their network portfolio to adapt to the environment and deliver greater efficiency, scalability, and reliability.
Ethernet Switches to Hold Significant Share in the Market
- Ethernet is a midrange technology that also provides a practical solution to meet growing data center connectivity requirements. Therefore, data center expansion has increased the demand for high-bandwidth switches.
- The introduction of higher bandwidth, high performance, scalability, and virtualization in data centers contributes to the growth of the data center networking market.
- The segment is growing due to operational flexibility from 10 Mbit/s to 400 Gbit/s. For example, most residential high-speed Internet services currently reach up to around 60 Mbps for copper-based services, while fiber-optic services offer near-gigabit ethernet speeds. This tends to rapidly increase the demand for ethernet technology, further promoting the use of Ethernet switches.
- Ethernet switches are used in diverse applications in industrial infrastructure, including smart grids, surveillance and security, smart rail and transportation, and other utilities. These switches play a crucial role in the substation automation in smart grids. This is because integrating the switch into an ethernet-based network reduces the complexity and tension of cabling between power transmission and distribution devices within a substation.
- The use of ethernet switches is expected to increase due to the increased use of power over ethernet (PoE) in various applications, increased internet connectivity, development of cloud networks, and integration of home and business networks.
Belgium Data Center Networking Industry Overview
The data center industry is currently witnessing a significant shift towards fragmentation as both established vendors and new players contend with fierce competition. The rapid expansion of cloud computing has piqued the interest of fresh investors looking to capitalize on the sector's remarkable growth. Prominent figures in this market encompass Cisco Systems Inc., NVIDIA, Dell EMC, IBM Corporation, and VMware Inc.
In July 2023, Broadcom announced its plans to introduce cloud-like Ethernet switch bandwidth enhancements aimed at providing improved support for 400G connectivity in enterprise data centers.
In November 2022, VMware, Inc. unveiled its cutting-edge SD-WAN solution, which includes a new SD-WAN Client designed to assist enterprises in delivering applications, data, and services with enhanced security, reliability, and optimization.
Belgium Data Center Networking Market Leaders
Cisco Systems Inc.
VMware Inc.
NVIDIA (Cumulus Networks Inc.)
Dell EMC
IBM Corporation
*Disclaimer: Major Players sorted in no particular order
Belgium Data Center Networking Market News
- June 2023: Cisco Inc. introduced the Cisco Nexus 9800 Series modular switches, expanding their Nexus 9000 Series portfolio with a cutting-edge chassis designed to accommodate high-speed and high-port-density line cards.
- January 2022: IBM unveiled the IBM Z and Cloud Modernization Center, a digital hub created to expedite the adoption of hybrid clouds among IBM Z customers. This center offers an extensive array of resources, including tools, training, ecosystem partners, and other valuable assets aimed at facilitating the digital transformation of customer applications, processes, and data within a hybrid cloud environment. By utilizing the IBM Z and Cloud Modernization Center, IBM customers can expedite their journey toward a more agile, efficient, and cost-effective cloud infrastructure.
Table of Contents
1. INTRODUCTION
1.1 Study Assumption & Market Definition
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Utilization of Cloud Storage is Driving the Market Growth
4.2.2 Rising Need for Backup and Storage is Expanding the Market Demand
4.3 Market Restraints
4.3.1 Lack of Skilled Professionals is Hindering the Market Demand
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Assessment of COVID-19 Impact
5. MARKET SEGMENTATION
5.1 By Component
5.1.1 By Product
5.1.1.1 Ethernet Switches
5.1.1.2 Router
5.1.1.3 Storage Area Network (SAN)
5.1.1.4 Application Delivery Controller (ADC)
5.1.1.5 Other Networking Equipment
5.1.2 By Services
5.1.2.1 Installation & Integration
5.1.2.2 Training & Consulting
5.1.2.3 Support & Maintenance
5.2 End-User
5.2.1 IT & Telecommunication
5.2.2 BFSI
5.2.3 Government
5.2.4 Media & Entertainment
5.2.5 Other End-Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cisco Systems Inc.
6.1.2 VMware Inc
6.1.3 NVIDIA (Cumulus Networks Inc.)
6.1.4 Dell EMC
6.1.5 IBM Corporation
6.1.6 HP Development Company, L.P.
6.1.7 Broadcom Corp
6.1.8 Schneider Electric
6.1.9 ALCATEL-LUCENT ENTERPRISE
6.1.10 Microsoft Corporation
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Belgium Data Center Networking Industry Segmentation
Data center networking refers to the set of technologies, protocols, and hardware used to connect physical and network-based devices and manage the network infrastructure, storage, and processing of application and data. Data center networking is very critical for 100% uptime of data centers. In the current web-connected world, business workloads are executed on single computers, hence leading to the need for data center networking. Networks provide servers, clients, applications, and middleware with a standard plan to stage the execution of workloads and also to manage access to the data produced.
The Belgium data center networking market is segmented by component type, including product (ethernet switches, router, storage area network (SAN), application delivery controller (ADC), and other networking equipment) and services (installation & integration, training & consulting, and support & maintenance). It caters to various end-users such as IT & telecommunications, BFSI, government, media & entertainment, and other end-users.
The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
Frequently Asked Questions
What is the current Belgium Data Center Networking Market size?
The Belgium Data Center Networking Market is projected to register a CAGR of 2.13% during the forecast period (2024-2030)
Who are the key players in Belgium Data Center Networking Market ?
Cisco Systems Inc., VMware Inc., NVIDIA (Cumulus Networks Inc.), Dell EMC and IBM Corporation are the major companies operating in the Belgium Data Center Networking Market .
What years does this Belgium Data Center Networking Market cover?
The report covers the Belgium Data Center Networking Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Belgium Data Center Networking Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Belgium Data Center Networking Market Industry Report
Statistics for the 2024 Belgium Data Center Networking market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Belgium Data Center Networking analysis includes a market forecast outlook to for 2024 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
