Friday 3 April 2020

How COVID-19 is impacting the Data Center Switch Market

[167 Pages Report] The overall data center switch market is expected to increase from USD 13.09 Billion in 2017 to USD 17.69 Billion by 2023, at a CAGR of 4.92% during the forecast period.

Access switches to account for the largest market share in 2017 mainly due to a wide network connectivity offered by these switches to distribution layers as well as different end users.  Access switches need more number of ports to move the data from one network to another so that the load can be balanced. Thus, these switches ensure connectivity between servers and networks.

The market for InfiniBand switches is expected to grow at the highest rate during the forecast period. The highest growth of InfiniBand switches is largely because of the high-bandwidth solution for each port under a competitive price that InfiniBand switches offer. In the data center switch market, >1 Gbps to <10 Gbps bandwidth switches are widely adopted as they meet the requirements of most of the distribution and access switches. >1 Gbps to <10 Gbps switches are available over access, distribution, and core hierarchical layers in data centers.

The data center switch market for cloud service providers is expected to grow at the highest CAGR during the forecast period. Data center switches offer high speed, mass volume data exchange, and energy-efficient hierarchical flow. Data center switches support an ever-increasing volume of information and faster data processing. Also, the major drivers for the market growth for cloud service providers include the growing trend of adopting data analytics technology, rising demand for organizations for agile, scalable, and cost-effective computing, and high penetration of hybrid clouds.


Cisco (US) is one of the leading companies in the data center switch market, followed by Arista Networks (US), Huawei (China), HPE (US), and Juniper Networks (US) with a large contribution to the parent market share and high financial power, providing a broad product portfolio in the market with a strong technical expertise. Cisco (US), for instance, is one of the leading global brands in the switching industry and has been leading for many years.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
newsletter@marketsandmarkets.com

No comments:

Post a Comment