Market Size of Data Center Networks Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 26.12 Billion |
| Market Size (2029) | USD 59.37 Billion |
| CAGR (2024 - 2029) | 17.85 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Data Center Networks Market Analysis
The Data Center Networks Market size is estimated at USD 26.12 billion in 2024, and is expected to reach USD 59.37 billion by 2029, growing at a CAGR of 17.85% during the forecast period (2024-2029).
Edge computing, which brings computing resources, data, and processing closer to the edge, is becoming an essential component of data centers and cloud services. It's a decentralized extension of campus networks, cellular networks, cloud and data center networks.
- The data center's network efficiently manages various infrastructures by using multiple networking resources at one time or another. It has a crucial role to play in data collection and handling, which different network resources can assist. Using switches, servers, and storage points, data center networks can operate data transmission with high bandwidth.
- Increasing demand for faster internet speeds and a significant increase in Mega Data Centres and colocation will influence the development of the data center networking industry. This market growth is also anticipated to be driven by the widespread use of 100 GB switch ports and rapidly developing broadband and internet infrastructure.
- The demand for advanced network infrastructure solutions is driven by increasing data security and lower latency needs in banking, financing services, insuranceBFSI government, etc. Therefore, interest in these network technologies has increased demand from different sectors, including Banking, Financing Services, Insurance, BFSI Government, etc.
- However, it is expected that significant barriers to the growth of data center networking in this period will be a need for a more highly skilled labor force in emerging and underdeveloped economies as well as regulatory issues related to data protection.
- Furthermore, with COVID-19, Data flows are being elevated by the Pandemic. A growing demand for storage space has been caused by the rapid development of emerging technologies such as Big Data and Artificial Intelligence, Internet of Things. Nevertheless, investment in data centres' networks is increasing all over the world.
