Data Center Networking Market: Outlook, Opportunity and Demand Analysis, Forecast 2027

Data Center Networking Market: Outlook, Opportunity and Demand Analysis, Forecast 2027

The data center networking market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.

Mounting demand for robust networking solutions from multiple industry verticals will enhance the growth of the data center networking market. Over the forthcoming years, there will be budding demand for data center routers that permit seamless and secure device connectivity.

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Based on digitalization, expanding prevalence of the online payment industry has also boosted the demand for high-performance data center infrastructures for effective data traffic management. The BFSI sector have been witnessing an increasing penetration of digitalization, with adoption of technologies such as mobile wallets and smart cards. These are expected to play a major role in the growth of the data center networking market. The momentous amount of digital data generated by the industry on an annual basis will acutely accelerate the demand for high-performance data center networking solutions.

Meanwhile, the unprecedented popularity of social media as well as OTT platforms, especially through the course of the coronavirus pandemic, will also aid in exponentially driving up the volumes of data generated by such platforms every year. According to reliable reports, by 2023, the total number of social media users are projected to surpass the 255 million marks in the U.S. alone. This constantly increasing data is driving the demand for data center infrastructures that are more sophisticated.

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Through a regional viewpoint, South America will be a dominating the industry share in the estimated timeframe. The regional growth will be attributed to the developing industrial sector and the supportive strategies implemented by regional governments.

The key players operating in the data center networking market are focusing on their offerings to cater to the changing end-user demands. They are planning to provide solutions for compute-intensive applications such as AI, IoT, and machine learning.

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