Data Center Networks to 2023: Global Market Drivers, Restraints, Opportunities and Challenges - ResearchAndMarkets.com
May. 17, 2018
DUBLIN--(BUSINESS WIRE)--May 17, 2018--The "Global Data Center Networks Market - Segmented by Product (Ethernet Switches, Storage Area Network, Routers), End-user Vertical & Region - Growth, Trends & Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Data Center Networks Market is projected to register a CAGR of 5.23%, during the forecast period of 2018-2023.
The scope of the report is limited to product, including Ethernet switches, storage area network, routers, and others, and end-user vertical including BFSI, healthcare, retail, government, and others. The study also emphasizes the benefits of evidence management in accordance with diverse industries, and future prospect of the same.
The growth in data center networks is attributed to diverse factors, including rising demand for automation and increasing generation of big data. The companies requiring data management systems are outsourcing the services to data center providers. Furthermore, it mitigates the cost of ownership, and reduces operational cost, thereby ascending profit.
Moreover, the rise in the need for data centers with the high influx of data is expected to increase the usage of data center networks, thereby propelling the market growth during the forecast period. The incorporation of these networks enhances the scalability of the cloud-based data center, which is likely to boost the market.
Increasing views of media-rich content, and coupled rising video content is expected to consume 75% of the global mobile data traffic, by 2020. Thus, to smoothen the content delivery and better data management, the demand for the data center is increasing, thereby fueling the data center networks market growth.
Companies MentionedIncreasing Utilization of Cloud Storage BFSI to Have the Highest Share Asia Pacific to Exhibit the Highest Growth
Companies MentionedCisco Systems Juniper Networks Inc. Arista Networks H3C Holding Limited VMware Inc Huawei Technologies Co. Ltd. Extreme Networks Equinix Inc. Cumulus Networks Dell EMC NEC Corporation Big Switch Networks Inc. Lenovo Group Ltd.
Key Topics Covered
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Data Center Networks Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Company Market Share
8. Opportunities in Global Data Center Networks Market
For more information about this report visit https://www.researchandmarkets.com/research/wtr5lf/data_center?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005847/en/
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Related Topics:Data Storage and Management,Networks,Computer Accessories,Networking Equipment,Data Centers
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE NETWORKS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 05/17/2018 09:54 AM/DISC: 05/17/2018 09:54 AM