Data
Center Networking Market Trends Booming: Increased Digitalization Drives
Growth
A new report by MarketsandMarkets predicts significant
growth in the data center networking market. The market is expected to reach USD
64.2 billion by 2029, up from USD 37.6 billion in 2024, reflecting a Compound
Annual Growth Rate (CAGR) of 11.3%. This growth is fueled by the increasing
digitalization and automation of businesses.
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Key Findings:
- Enterprises
Lead the Way: Businesses are the biggest spenders on data center
networking solutions. They seek innovative technologies to handle growing
data volumes and ensure reliable IT operations. These technologies support
data analysis, cloud computing, and IT systems management, ultimately
leading to a competitive edge.
- Software
Takes the Lead: Software is expected to see the fastest growth within
the data center networking market. This software manages complex data
center environments, ensuring efficient network operation and high data
center productivity. Growing demand for network virtualization and
next-generation networks further drives software adoption. Additionally,
AI and machine learning integration helps predict network issues, automate
tasks, and optimize overall performance.
- Europe's
Strong Showing: Europe holds the second-largest market share. The
region is experiencing rapid advancements in networking technologies,
crucial for innovations like AI, machine learning, and big data.
Government support for digitalization and data privacy regulations are
also propelling the market forward.
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Deep Dive:
You can find a detailed report with 277 market data tables,
55 figures, and an in-depth table of contents.
Major Players:
The report also identifies key players in the data center
networking market, including:
- NVIDIA
(US)
- Arista
Networks (US)
- Dell
(US)
- Cisco
(US)
- Huawei
(China)
- Broadcom
(US)
- Many
more
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