The global data center interconnect market size is projected reach USD 17.0 billion by 2026, growing at a CAGR of 14.5% during the forecast period.
The
rising migration to cloud-based solutions, growing borderless nature of global
economy coupled with surging consumption of OTT services due to nationwide
lockdown imposed on account of COVID-19 is expected to fuel the growth of the
data center interconnect industry.
“Market for
carrier-neutral providers/internet content providers expected to grow at a
considerable CAGR during the forecast period”
The DCI market for
carrier-neutral providers/internet content providers is expected to witness
significant growth rate during the forecast period.
The
carrier-neutral//internet content providers operate most of the data centers
and host thousands of servers. These data centers require terabits of optical
transport capacity over metro, regional, and long-haul distances, which can be
achieved by linking and transporting traffic between data centers using DCI.
This requirement is expected to lead to a growing demand for DCI solutions by
CNPs and ICPs during the forecast period.
“Market for optical DCI
product type segment expected to grow at a faster rate, than that of
packet-switching networking during the forecast period”
The market for the
optical DCI product type is expected to grow at a higher CAGR during the
forecast period owing to the increasing demand for as optical DCI products
provide benefits including more capacity and lower power consumption for
high-performance DCI.
These products help meet
the bandwidth needs of the most demanding cloud applications and data services,
thus leading to their high demand. Optical DCI transmission technologies are
generally able to provide higher data rates over longer transmission distances
than electrical transmission systems, leading to increased scalability and
reduced power consumption. Hence, recent high-capacity data centers are
increasingly relying on optical point-to-point interconnection links.
“Data Center
Interconnect market for services segment to exhibit the fastest growth during
the forecast period”
The demand for services
is expected to grow owing to the benefits such as achieving critical targets
and developing skillset for improving their internal planning and control
process to remotely manage customer's IT infrastructure/systems of end users.
The market for managed
services is expected to grow at a high rate during the forecast period owing to
their benefits, such as remote management of customers' IT infrastructure and
systems of end users, typically on a proactive basis and under a subscription
model.
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“Data Center
Interconnect Market in APAC estimated to grow at the fastest rate during the
forecast period”
The market in APAC is
expected to grow at the highest CAGR during the forecast period.
The APAC DCI market
holds huge growth opportunities due to the presence of various developing
countries in the region, such as China, Japan, South Korea, and others, which
are witnessing increasing adoption of DCI networks due to increasing
investments and new developments with context to DCI offerings.
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