The
report "Data
Center Interconnect Market by Type (Product, Software,
Services), Application (Real-Time Disaster Recovery and Business Continuity,
Workload (VM) and Data (Storage) Mobility), End User, and Region - Global
Forecast to 2025", is projected to grow from USD 7.9 billion in 2020
to USD 14.0 billion by 2025, at a CAGR of 12.1% from 2020 to 2025. Drivers such
as the migration toward the cloud and the growing borderless nature of global
economy and opportunities such as the anticipated deployment of 5G and
proliferation of applications are expected to fuel the growth of the data
center interconnect industry.
The
market for managed services is expected to grow at a higher rate during
the forecast period
Managed
services are expected to witness an above-average growth owing to several
benefits, including remote management of customers IT infrastructure and
systems of end-users, typically on a proactive basis and under a subscription
model. The services market is expected to grow at the highest rate during the
forecast period, as services help in achieving critical targets, developing a
skillset for improving the internal planning and control process, and remotely
managing customers IT infrastructure and systems of end-users.
“North
America held the largest share of data center interconnect market in 2019.”
North
America accounted for the largest share of the data center interconnect
industry in 2019. An increase in the use of data centers across various
business verticals and early adoption of the latest technologies in the region
is expected to drive the market in this region. Several US-based companies such
as Amazon Web Services (AWS), Google, and Microsoft are increasing their
investments in data center construction. The growth will be driven by the
US, where data centers manage high volumes of data generated. Extensive use of
optical interconnects in the data centers of the US is another driving factor
for the market in this region.
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The
major players in the data center interconnect market are Ciena Corporation
(US), NOKIA Corporation (Finland), Huawei Technologies Co., Ltd. (China),
Juniper Network Inc. (US), Infinera Corporation (US), ADAVA Optical Networking
(Germany), CISCO Systems, Inc. (US), Extreme Network (US), and Fujitsu (Japan).
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