Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.35 Billion | USD 41.85 Billion | 14.52% | 2023 |
Zion Market Research has published a report on the global Data Center Interconnect Market, estimating its value at USD 12.35 Billion in 2023, with projections indicating that it will reach USD 41.85 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 14.52% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Data Center Interconnect industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Data center interconnect also referred as DCI links two or more than two data centers over short, long, or medium distances by using high-speed packet optical connection and ensures smooth transition of critical assets. The technology, which is developed on coherent optics, connects routers as well as servers with each other. Furthermore, data center interconnect is predicted to be developed from optical layer with the help of packet-optical tools as well as router & switching. Apparently, the technique plays a crucial role in fulfilling the data requirements and need for content & cloud-based solutions.
In addition to this, data center interconnect is primarily utilized in enterprise ecosystem for fulfilling business goals and objectives of IT firms. Apparently, the data center interconnect services are likely to fulfill ultra-high capacity needs along with requirement for power efficacy & scalability.
Benefits like lowering of operating costs, easy operability, programmability for automation of back office work, and facilitating rise in the target audience traffic will prop up the market growth trends. Furthermore, humungous focus on reduction of high bandwidth and requirement for reducing electricity bill charges in data centers have culminated into demand for data center interconnects in the recent years. Apparently, surge in the demand for disaster recovery as well as data backup solutions will translate into market expansion over the years to come.
Furthermore, need for maintenance, throughput, security, latency, and security have become a key focus for the vendors and this will result in the protruding demand for data center interconnect network facilities as well as creation of strong DCI infrastructure over the ensuing years. Onset of AI and high performance computing as well as 5G technology has paved the way for market growth with need for equipment to effectively interconnect data centers. Nonetheless, huge initial capital investments required for setting up data centers can be one of the major aspects restraining the market growth over the forecast timeline.
Report Attributes | Report Details |
---|---|
Report Name | Data Center Interconnect Market |
Market Size in 2023 | USD 12.35 Billion |
Market Forecast in 2032 | USD 41.85 Billion |
Growth Rate | CAGR of 14.52% |
Number of Pages | 110 |
Key Companies Covered | Pluribus Networks Inc., Brocade Communications Systems Inc., Megaport Limited, Viawest Inc., ADVA Optical Networking SE, Cisco Systems Inc., Huawei Technologies Co. Ltd., Innovium Inc., XKL LLC, Ciena Corporation, Colt Technology Services Group Ltd., Infinera Corporation, Cologix Inc., Coriant GmbH, MRV Communications Inc., Coresite Realty Corporation, Digital Realty Trust Inc., Fiber Mountain Inc., Extreme Networks Inc., Fujitsu Ltd., Ekinops S.A., Juniper Networks Inc., Nokia Corporation, Ranovus Inc., and ZTE Corporation |
Segments Covered | By Component, By Industry, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the market in North America over the estimated timespan is attributed to large-scale use of data center interconnect equipment in military, industrial, and commercial sectors. Escalating acceptance of cooled data center interconnect cameras in the countries like the U.S. and surge in the funding of defense activities will proliferate the regional market growth over the forecast timeline. In addition to this, presence of key players in the region will contribute massively towards the regional market revenue over the forthcoming years.
Key participants influencing the market growth are -
The global data center interconnect market is segmented as follows:
By component:
By industry:
By application:
By Region
FrequentlyAsked Questions
Benefits like lowering of operating costs, easy operability, programmability for automation of back office work, and facilitating rise in the target audience traffic will prop up the market growth trends. Furthermore, humungous focus on reduction of high bandwidth and requirement for reducing electricity bill charges in data centers have culminated into demand for data center interconnects in the recent years. Apparently, surge in the demand for disaster recovery as well as data backup solutions will translate into market expansion over the years to come.
global Data Center Interconnect Market, estimating its value at USD 12.35 Billion in 2023, with projections indicating that it will reach USD 41.85 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 14.52% over the forecast period 2024-2032
North America is likely to make noteworthy contributions towards overall market revenue. The growth can be credited to large-scale use of data center interconnect equipment in military, industrial, and commercial sectors. Escalating acceptance of cooled data center interconnect cameras in the countries like the U.S. and surge in the funding of defense activities will proliferate the regional market growth over the forecast timeline. In addition to this, presence of key players in the region will contribute massively towards the regional market revenue over the forthcoming years.
The key players profiled in the report include Brocade Communications Systems Inc., ADVA Optical Networking SE, Cisco Systems Inc., Ciena Corporation, Colt Technology Services Group Ltd., Cologix Inc., Coriant GmbH, Coresite Realty Corporation, Ekinops S.A., Digital Realty Trust Inc., Fiber Mountain Inc., Extreme Networks Inc., Huawei Technologies Co. Ltd., Fujitsu Ltd., Innovium Inc., Infinera Corporation, MRV Communications Inc., Juniper Networks Inc., Nokia Corporation, Megaport Limited, Ranovus Inc., Pluribus Networks Inc., XKL LLC, Viawest Inc., and ZTE Corporation.
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