Data Center Interconnect Market Segment by Type (Service, Software, and Product), By Application (Workload & Data Mobility, Real Time Disaster Recovery & Business Continuity), By End User (Enterprise, CSPs, ICPs, and Government) by Forecast 2023
Data Center Interconnect Market Overview
Market Research Future (MRFR) expects the global data center interconnect market to touch a valuation of close to USD 6.5 billion by 2023. The market can also achieve a growth rate of 11% during the forecast period (2017-2023).
Primary Drivers and Key Barriers
The global Data Center Interconnect Market is growing on the back of rising demand for connectivity. Urban population across the globe is expanding significantly, with urban areas turning into prominent hubs for business activities. This is leading to technological advancements along with surge in connectivity, which has brought about an increase in the demand for robust communication networks. Consequently, a number of tech companies are now striving to expand data centers that can store and process massive datasets.
Furthermore, communication service providers (CSPs) in conjunction with colocation data center vendors are boosting the number of data centers, in a bid to cater to the connectivity demands of clients. Therefore, high demand for connectivity is expected to stimulate the requirement for data center interconnect solutions in the years ahead. Besides, the number of data centers in metros in the past couple of years has increased in order to tackle the huge volumes of data traffic. This has led to the robust demand for low latency and high-quality data transfers, ultimately driving the use of 5G networks.
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Machine-to-machine data transfer is also gaining prominence and will enjoy higher demand in the coming years. Apart from this, advent of multi-cloud environments as well as hybrid cloud solutions to address the need for bandwidth has caught the attention of enterprises. As a result, vendors are now providing their clients with a broad range of data center interconnect solutions that offer seamless connectivity in a metro. Hence, the hike in the number of metro data centers is estimated to induce market growth during the appraisal period.
Top Players
The top players influencing the growth of the worldwide data center interconnect market are Infinera Corporation (US), ADVA Optical Networking SE (Germany), Nokia Corporation (Finland), Extreme Networks, Inc. (US), Ciena Corporation (US), Juniper Networks, Inc. (US), Fujitsu Ltd. (Japan), Cisco Systems, Inc. (US), Huawei Technologies Co. Ltd. (China), to name a few.
Market Segmentation
The worldwide market for data center interconnect has been segregated with respect to type, application and end-user.
The types of DCI mentioned in the report are service, software and product. Between these, the service segment can attain the highest growth rate in the following years.
The applications covered in the report include workload & data storage mobility, real-time disaster recovery and business continuity and shared data and resources/server high-availability clusters among others.
End-users-based segments are enterprise, utility and power, banking and finance, media and entertainment, healthcare, retail and e-commerce, CSPs, CNPs/ICPs, government and others.
Regional Outlook
Considering the regional segmentation, the data center interconnect market includes Asia Pacific (APAC), North America, Europe, as well as the Rest of the World (RoW).
The APAC can obtain the highest CAGR during the review period, with countries like India, Japan and China providing significant opportunities. The number of research & development activities in the technological field has boosted up, which benefits the regional market immensely. In addition, the steadily rising demand for data center to ensure cost effective data management can add to the market strength.
The high concentration of esteemed DCI vendors coupled with the high number of data center, North America stands among the top contenders in the global data center interconnect market. Moreover, early adoption of latest advanced technologies likes IoT and cloud computing works in favor of the regional market. Also, sizeable investments in developing data centers across the region induce market growth.
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The DCI market in Europe is witnessing buoyant growth, given the advancing demand from verticals including healthcare, banks, retail, and manufacturing companies. Other factors that boost market growth include the rising demand for disaster recovery, business continuity and data backup coupled with the migration to cloud-based services by the enterprises in the region.
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