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Global Data Centre Networking Market to Reach Nearly USD 47.2 Billion by 2027, Driven by the Increasing Adoption of Data Centre Networking in the Retail Sector

According to a new report by EMR titled, ‘Global Data Centre Networking Market Report and Forecast 2022-2027’, the global market attained a value of about USD 23.4 billion in 2021. The industry is further expected to grow at a CAGR of 12.40% in the forecast period of 2022-2027 to reach a value of approximately USD 47.2 billion by 2027.

The market is being propelled by the increasing adoption of data centre networking in the retail sector. The rising popularity of online shopping and the surging use of technologies in retail activities are also surging the reliance of the retail sector on data centres, which is propelling the market. With the increasing use of various tools to track and understand consumers’ data in online shopping for offering personalised services, the utilisation of innovative data centre networking products is significantly growing. Moreover, the increasing investments in cybersecurity by the evolving retail sector are augmenting the market growth of data centre networking. The bolstering demand for data centre networking solutions for real-time monitoring to track data responsiveness, server health, and data loss, among others, is expected to further add to the market growth in the forecast period.

Cisco Systems, Inc. (NASDAQ: CSCO), one of the leading companies in the market, announced a new data centre in Frankfurt, Germany, in March 2021. This would enable it to serve consumers using its Webex platform. The data centre would showcase the company’s latest technologies, including the Cisco ASR routing platform to provide high-throughput connectivity in data centres. The company would deploy its Cisco Application Centric Infrastructure (ACI) to collect components in a scalable and secure way while offering innovative capabilities for eased troubleshooting and management. The data centre would also be equipped with the Cisco United Computing System (UCS) to provide automated computing scalability and server capacity. Moreover, it would incorporate the company’s latest technologies and products to enhance energy efficiency, such as internal components and power supplies, among others. Hence, the expansion of data centres is augmenting the market for data centre networking.

Market Analysis by Product, Application, and Region:

  • The market, on the basis of product, can be divided into routers, ethernet switches, storage area network (SAN), application delivery controllers (ADC), network security equipment, and WAN optimisation equipment, among others.
  • Based on application, the industry can be divided into IT and telecom, BFSI, retail, government, and media and entertainment, among others.
  • The regional markets for data centre networking include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising adoption of virtual and digital devices and the growing proliferation of 5G networks are fuelling the market for data centre networking.
  • The market for data centre networking is being augmented by the growing adoption of the latest technologies like artificial intelligence (AI), cloud computing, and the Internet of things (IoT).
  • The extensive data consumption, the increasing IT infrastructure development projects, and the growing popularity of smart cards are surging the demand for reliable data centre networking, hence propelling the market.
  • The increasing construction of new data centres, decreasing costs of semiconductor components, and surging replacement activities of old technologies are significantly contributing to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for data centre networking for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the products, applications, and major regions of data centre networking.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global data centre networking market are Dell Inc., ALE International, Cisco Systems, Inc., Equinix, Inc., and IBM Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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