Published Date: 30-Sep-2019
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According to a new report Global Data Center Networking Market, published by KBV Research, The Global Data Center Networking Market size is expected to reach $40.3 billion by 2025, rising at a market growth of 12.3% CAGR during the forecast period. Over the forecast period, a substantial growth rate will be recorded in the WAN optimization equipment industry. WAN optimization devices are technologically capable of handling real-time applications that decrease the dependence on infrastructure development. In particular, network acceleration can benefit from WAN optimization facilities. Bandwidth optimization and increased network performance are some of the other advantages that can be derived from the use of WAN optimization equipment.
The Storage Area Network market dominated the Global Data Center Networking Market by Application 2018, growing at a CAGR of 10.9 % during the forecast period. The Network Security Equipment market is expected to witness a CAGR of 11.3% during (2019 - 2025). Additionally, The WAN Optimization Equipment market is expected to witness highest CAGR of 13% during (2019 - 2025).
The IT & Telecom market dominated the Global Data Center Networking Market by End User 2018, growing at a CAGR of 10.6 % during the forecast period. The BFSI market is expected to witness a CAGR of 11.2% during (2019 - 2025). The Retail market is expected to witness a CAGR of 14.4% during (2019 - 2025). Additionally, The Education and Media & Entertainment market is expected to witness highest CAGR of 14.1% during (2019 - 2025).
The regional market of North America recorded significant market value in 2018 and is expected to continue this trend over the forecast period as well. There are several colocation and data center service providers in North America. In North America there are currently over 1,600 data centres. As a result, North America would remain in the forecast period as the biggest regional market. The Europe market is expected to witness a CAGR of 11.4% during (2019 - 2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 14.1% during (2019 - 2025).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nokia Corporation (Alkatel Lucent S.A.), Cisco Systems, Inc., Microsoft Corporation, Dell Technologies, Inc., Extreme Networks, Inc., IBM Corporation, Hewlett Packard Enterprise Company (HP Development Company L.P.), Intel Corporation, Juniper Networks, Inc., Fujitsu Limited and NEC Corporation.
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