According to a research report "Data Center Interconnect Market by Type (Products, Software, Services), Application (Real-Time Disaster Recovery and Business Continuity, Workload (VM) and Data (Storage) Mobility), End User and Region - Global Forecast to 2026" published by MarketsandMarkets, the data center interconnect market is projected to grow from USD 8.6 billion in 2021 and is projected to reach USD 17.0 billion by 2026; it is expected to grow at a CAGR of 14.5 % from 2021 to 2026.
The migration of enterprises towards the cloud,
growing borderless nature of global economy coupled with recent surge in the
consumption of OTT services is expected to fuel the growth of the data center
interconnect industry.
“Managed services 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.
“Enterprise end-user segment to grow at the highest
rate during the forecast period”
Enterprises end-user segment is expected to grow at
the highest rate during the forecast period. A large majority of enterprises
use or are planning to use hybrid cloud infrastructure to maintain tight
control over mission-critical data. As a result, for many enterprises, the
hybrid cloud runs in multiple different types of data centers. Connecting a
hybrid cloud means connecting many or all these types of data centers, thereby
pushing the need for data center interconnect solutions. Growing penetration of
digital services across several industry verticals has resulted in the
increased demand for data centers for storage, computing, and network
management. This, in turn, will drive the demand for data center interconnect
market. Increased employee mobility, adoption of bring-your-own-device, and
bring-your-own-application, and big data explosion are impacting the future
needs and requirements for enterprise DCI solutions. These include high
performance, low latency, and secure optical WDM solutions. The real-time
disaster recovery and business continuity application is the most common
application for enterprise DCI. The application for dynamic workload scheduling
and data replication, particularly cloud-based, will have growth areas for
enterprise DCI in the future.
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“Real-time disaster and business recovery
application segment to dominate the data center interconnect market throughout
forecast period ”
The real-time disaster and business recovery
application segment is expected to dominate the data center interconnect market
from 2021-2026. The DCI solutions enables geographically separated data centers
to easily participate in any form of business continuity and disaster recovery
(BCDR) strategy. When the physical delineation between data centers is removed,
critical business information can be backed up, replicated, or accessed in
real-time, and active-active or active-standby strategies can be implemented
much more simply. In the event of failures or IT maintenance schedules,
workloads can be easily moved or recovered in any locations. It minimizes the
effects of outages and disruptions on business operations. It reduces the risk
of data loss and reputational harm and improve operations while decreasing the
chance of emergencies. As business downtime can result in huge financial
losses, there is a growing demand for DCI solutions that are widely being
deployed in organizations for ensuring security and business continuity paving
way for the market growth.
“North America held the largest share of data center
interconnect market in 2020 and is expected to hold second-largest share by
2026”
North America is expected to account for the largest
share of the data center interconnect market during the forecast period. North
America held the largest market share in 2020 owing to the early adoption of
DCI technologies by countries such as the US and Canada. 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. This region is home to
several major players in the data center interconnect market; some of these are
Ciena Corporation (US), Juniper Networks, Inc. (US), Infinera Corporation (US),
Cisco Systems (US), Extreme Networks, Inc. (US). These companies have
contributed to the growth of the data center interconnect market in the North
America by launching innovative products and services and spending extensively
on the R&D of DCI solutions.
Key players in the data center interconnect market
include Ciena Corporation (US), Nokia Corporation (Finland), Huawei
Technologies (China), Juniper Network Inc. (US), Infinera Corporation (US),
ADVA Optical Networking SE (Germany), CISCO Systems (US), Extreme Networks,
Inc. (US), and Fujitsu Ltd. (Japan). Apart from these, XKL LLC (US), Ekinops
S.A(France), Cologix (US), Pluribus Networks (US), Ranovus (Canada), Innovium
(US), ZTE Corporation (China), Megaport (Australia), Flexential (US), Cyxtera
Technologies (US), Fiber Mountain (US) are among a few emerging companies in
the data center interconnect market.
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