Data Center Networking Market Size, Share, and Analysis, By Component (Solution and Services), By Product (Ethernet Switches, Storage Area Network, Routers, and Others), By Vertical (BFSI, IT and Telecom, Healthcare, Retail, Government, and Other), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Data Center Networking Market Size, Share, and Analysis, By Component (Solution and Services), By Product (Ethernet Switches, Storage Area Network, Routers, and Others), By Vertical (BFSI, IT and Telecom, Healthcare, Retail, Government, and Other), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Data Center Networking Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 24.9 billion and is projected t%li%reach USD 86 billion by the completion of 2034.
Data center networking refers t%li%the architecture and technologies that enable efficient data communication and management in a data center. It involves connecting servers, storage systems, and networking devices t%li%provide uninterrupted information exchange and accessibility. Hardware including switches, routers, and firewalls are essential for managing the large amount of traffic and data processing requirements. Moreover, the objective of data center networking is t%li%provide a strong and scalable network architecture that can accommodate the storage and distribution requirements of modern services. Consequently, effective resource management, low latency, and improved performance are essential components of data center networking that support cloud services, web apps, and other digital platforms.
MARKET HIGHLIGHTS
Data center networking market is expected t%li%reach USD 86 billion over the forecast period, due t%li%the growing demand for scalable and efficient infrastructure t%li%support the expanding domain of digital transformation. The rise in the adoption of cloud computing, IoT, and AI applications has attracted large investments in modern data center networking solutions. Important developments including the adoption of software-defined networking (SDN), intent-based networking, and the switch t%li%high-speed technologies such as 5G, are contributing t%li%the market growth. Additionally, the popularity of edge computing and hyper-converged infrastructure (HCI) is growing as businesses seek decentralized data processing capabilities t%li%meet their requirements. Leading market players are prioritizing innovations such as network virtualization and automation t%li%improve agility and reduce operational difficulties. Therefore, due t%li%increased cybersecurity concerns, there is a growing focus on integrating strong safety precautions int%li%data center networks, which drive investments in threat detection and prevention systems.
Data Center Networking Market Segments:
Growth Drivers
Growing Demand for Cloud Services t%li%Provide Opportunities for Growth
Networking Technologies Will Rapidly Advance, Creating Growth Opportunities
Restraint
Expensive Initial Investment Costs Could Limit Industry Development
Key Players
PRODUCT OVERVIEW
Data Center Networking Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 24.9 billion and is projected t%li%reach USD 86 billion by the completion of 2034.
Data center networking refers t%li%the architecture and technologies that enable efficient data communication and management in a data center. It involves connecting servers, storage systems, and networking devices t%li%provide uninterrupted information exchange and accessibility. Hardware including switches, routers, and firewalls are essential for managing the large amount of traffic and data processing requirements. Moreover, the objective of data center networking is t%li%provide a strong and scalable network architecture that can accommodate the storage and distribution requirements of modern services. Consequently, effective resource management, low latency, and improved performance are essential components of data center networking that support cloud services, web apps, and other digital platforms.
MARKET HIGHLIGHTS
Data center networking market is expected t%li%reach USD 86 billion over the forecast period, due t%li%the growing demand for scalable and efficient infrastructure t%li%support the expanding domain of digital transformation. The rise in the adoption of cloud computing, IoT, and AI applications has attracted large investments in modern data center networking solutions. Important developments including the adoption of software-defined networking (SDN), intent-based networking, and the switch t%li%high-speed technologies such as 5G, are contributing t%li%the market growth. Additionally, the popularity of edge computing and hyper-converged infrastructure (HCI) is growing as businesses seek decentralized data processing capabilities t%li%meet their requirements. Leading market players are prioritizing innovations such as network virtualization and automation t%li%improve agility and reduce operational difficulties. Therefore, due t%li%increased cybersecurity concerns, there is a growing focus on integrating strong safety precautions int%li%data center networks, which drive investments in threat detection and prevention systems.
Data Center Networking Market Segments:
- By Component
- Solution
- Services
- By Product
- Ethernet Switches
- Storage Area Network
- Routers
- Others
- By Vertical
- BFSI
- IT and Telecom
- Healthcare
- Retail
- Government
- Other
Growth Drivers
Growing Demand for Cloud Services t%li%Provide Opportunities for Growth
Networking Technologies Will Rapidly Advance, Creating Growth Opportunities
Restraint
Expensive Initial Investment Costs Could Limit Industry Development
Key Players
- Cisc%li%Systems, Inc.
- Arista Networks, Inc.
- Juniper Networks, Inc.
- Hewlett Packard Enterprise (HPE)
- Dell Technologies, Inc.
- Broadcom Inc.
- Extreme Networks, Inc.
- Mellanox Technologies
- VMware, Inc.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- F5 Networks, Inc.
- Citrix Systems, Inc.
- Fortinet, Inc.
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3.Data Center Networking Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Data Center Networking Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. DATA CENTER NETWORKING MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. DATA CENTER NETWORKING MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Component
11.3.1.1. Solution
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Services
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Product
11.3.2.1.Ethernet Switches
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Storage Area Network
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Routers
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Others
11.3.2.4.1. By Value (USD Million) 2024-2034F
11.3.2.4.2.Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3. By Vertical
11.3.3.1.BFSI
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. IT and Telecom
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Healthcare
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Retail
11.3.3.4.1. By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Government
11.3.3.5.1. By Value (USD Million) 2024-2034F
11.3.3.5.2.Market Share (%) 2024-2034F
11.3.3.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.6. Others
11.3.3.6.1. By Value (USD Million) 2024-2034F
11.3.3.6.2.Market Share (%) 2024-2034F
11.3.3.6.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Component
12.3.2.By Product
12.3.3.By Vertical
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Component
13.3.2.By Product
13.3.3.By Vertical
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Component
14.3.2.By Product
14.3.3.By Vertical
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Component
15.3.2.By Product
15.3.3.By Vertical
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Component
16.3.2.By Product
16.3.3.By Vertical
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Cisco Systems, Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Arista Networks, Inc.
18.3.Juniper Networks, Inc.
18.4. Hewlett Packard Enterprise (HPE)
18.5.Dell Technologies, Inc.
18.6.Broadcom Inc.
18.7.Extreme Networks, Inc.
18.8. Mellanox Technologies
18.9.VMware, Inc.
18.10.Huawei Technologies Co., Ltd.
18.11. IBM Corporation
18.12. Intel Corporation
18.13. F5 Networks, Inc.
18.14.Citrix Systems, Inc.
18.15. Fortinet, Inc.
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3.Data Center Networking Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Data Center Networking Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. DATA CENTER NETWORKING MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. DATA CENTER NETWORKING MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Component
11.3.1.1. Solution
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Services
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Product
11.3.2.1.Ethernet Switches
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Storage Area Network
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Routers
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Others
11.3.2.4.1. By Value (USD Million) 2024-2034F
11.3.2.4.2.Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3. By Vertical
11.3.3.1.BFSI
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. IT and Telecom
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Healthcare
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Retail
11.3.3.4.1. By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Government
11.3.3.5.1. By Value (USD Million) 2024-2034F
11.3.3.5.2.Market Share (%) 2024-2034F
11.3.3.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.6. Others
11.3.3.6.1. By Value (USD Million) 2024-2034F
11.3.3.6.2.Market Share (%) 2024-2034F
11.3.3.6.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Component
12.3.2.By Product
12.3.3.By Vertical
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Component
13.3.2.By Product
13.3.3.By Vertical
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Component
14.3.2.By Product
14.3.3.By Vertical
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Component
15.3.2.By Product
15.3.3.By Vertical
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA DATA CENTER NETWORKING MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Component
16.3.2.By Product
16.3.3.By Vertical
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Cisco Systems, Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Arista Networks, Inc.
18.3.Juniper Networks, Inc.
18.4. Hewlett Packard Enterprise (HPE)
18.5.Dell Technologies, Inc.
18.6.Broadcom Inc.
18.7.Extreme Networks, Inc.
18.8. Mellanox Technologies
18.9.VMware, Inc.
18.10.Huawei Technologies Co., Ltd.
18.11. IBM Corporation
18.12. Intel Corporation
18.13. F5 Networks, Inc.
18.14.Citrix Systems, Inc.
18.15. Fortinet, Inc.
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
