Global data center interconnect solutions market size is
forecast to grow by USD 3.82 billion during 2019-2023 at a CAGR of over 12%,
with telecommunications segment having the largest market share. Data center
interconnect market analysis indicates demand for connectivity will drive
growth. Data center interconnect solutions industry growth will also be
impacted by the rising number of metro data centers. A key factor driving the
growth of the global data center interconnect solutions market is the
increasing demand for connectivity. Urban population is growing at a
significant rate, and urban areas have become major hubs for business
activities, which is fueling rapid technological advancements and increased
connectivity. This is resulting in increased demand for robust communication
networks. As a result, several technology companies are focusing on expanding
data centers to store and process heavy datasets. Moreover, communication
service providers (CSPs) and colocation data center providers are increasing
the number of data centers to meet the connectivity demands of their clients.
Thus, the increasing demand for connectivity will fuel the need for data center
interconnect solutions during the forecast period.
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As per Technavio, the increasing number of metro data centers
will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
data center interconnect solutions market 2019-2023 research
report also analyzes other important trends and market drivers that will affect
market growth over 2019-2023.
Global data center interconnect solutions market: Increasing
number of metro data centers
The number of data centers in metros has been increasing rapidly
over the last few years to address high volumes of data traffic. This is
resulting in the growing need for high-quality and low latency data transfers,
which has led to an increase in the use of 5G networks. Further,
machine-to-machine data transfer will also gain immense traction in the coming
years. Also, with the advent of hybrid cloud solutions and multi-cloud
environments, addressing the demand for bandwidth has become a key concern for
enterprises. To address these challenges, vendors are offering various data
center interconnect solutions that provide seamless connectivity between data
centers in a metro. Thus, the growing number of metro data centers will
significantly increase the demand for data center interconnect solutions during
the forecast period.
Global data center interconnect solutions market: Segmentation analysis
This market research report segments the global data center
interconnect solutions market by end-user (telecommunications; BFSI; cloud and
IT services; content and digital media; and others) and geographic regions
(North America, APAC, Europe, South America, and MEA)
The North American region led the market in 2018, followed by
APAC, Europe, South America, and MEA, respectively. The data center
interconnected solutions market in North America will continue to register
stable growth during the forecast period, owing to factors such as the demand
for high bandwidth from major industries and the significant investments being
made in building data centers across North America.
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Some of the key topics covered in the report include:
Market Landscape
·
Market ecosystem
·
Market characteristics
·
Market segmentation analysis
Market Sizing
·
Market definition
·
Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
·
Regional comparison
·
Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
·
Vendors covered
·
Vendor classification
·
Market positioning of vendors
·
Competitive scenario
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