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Rise in Demand for Disaster Recovery and Data Backup Services Expected to Drive Global Data Center Interconnect Market: Ken Research

Buy Now Data center interconnect (DCI) refers to a technique used to connect & enable networking between two and more different data centers. DCI is usually done in an enterprise environment to achieve IT and business objectives. One of the key advantage of this technique is it allows different data centers to allocate resources, pass workloads, and work together.

According to study, “Global Data Center Interconnect Market to reach USD 15.68 billion by 2026” the key companies operating in the global data center interconnect market are Brocade Communications Systems Inc., ADVA Optical Networking SE, Ciena Corporation, Cologix Inc., Cisco Systems Inc., Colt Technology Services Group Ltd., Coriant GmbH, Digital Realty Trust Inc., Coresite Realty Corporation, Ekinops S.A., Extreme Networks Inc., Fujitsu Ltd., Huawei Technologies Co. Ltd., Fiber Mountain Inc., Infinera Corporation, Juniper Networks Inc., Innovium Inc., and MRV Communications Inc. Other prominent market players include Nokia Corporation, Pluribus Networks Inc., Megaport Limited, Ranovus Inc., XKL LLC, Viawest Inc., and ZTE Corporation. The key players are indulged into the strategic partnerships, acquisitions, development of new product, and agreements to enhance their revenues. The Data center Interconnect market has become competitive owing to the presence of several established vendors.

The data center interconnect market is driven by growth in borderless nature of global economy, followed by migration toward the cloud. However, high initial investments may impact the market. Moreover, proliferation of applications and growth in deployment of 5G are key opportunities for market.

Based on type, data center interconnect market is segmented as software, product and services. Software helps in increasing the operational simplicity of physical & virtual infrastructures in data center interconnect applications. Product segment is further sub-segmented as optical and packet switching networking. Optical segment includes traditional WDM for DCI and compact DCI. Additionally, services are further sub-segmented as managed services and professional services. Professional services include training, support & maintenance services and consulting & integration services. Based on application, market is segmented as shared data & resources/server high-availability clusters (Geoclustering), real-time disaster recovery & business continuity and workload (VM) & data (storage) mobility. In addition, based on end-user, market is segmented as government, carrier neutral providers or internet content providers, enterprises and others. Enterprises segment includes utility & power, media & entertainment, banking & finance, healthcare, retail & e-commerce and others.

Based on geography, the North-American region dominates the global data center interconnect market owing to rise in demand for wireless & touch interactivity, video, and demographic analytics coupled with presence of key market player in the region. Whereas, the European and Asian-Pacific regions are anticipated to depict substantial growth rate due to growth in adoption of optical interconnects in data centers and metro & long-haul networks over the forecast period. In upcoming years, it is predicted that future of the global market will be bright as a result of surge in Intra-data center traffic because of cloud-based Entertainment and Over-the-Top (OTT) Services during the forecast period. The global data center interconnect market is valued approximately US $7.05 billion in 2019 and is projected to grow with a healthy growth rate of more than 12.1 % over the forecast period 2019 to 2026.

For More Information refer to below link:- https://www.kenresearch.com/technology-and-telecom/it-and-ites/data-center-interconnect/341490-105.html

Related Report:-

https://www.kenresearch.com/technology-and-telecom/it-and-ites/asia-pacific-data/173961-105.html

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