Research Nester assesses the growth and market size of the global data center switch market which is anticipated to be on account of the increasing adoption of data centers that are demanding reliable switching solutions across the globe.
New York — June 2, 2023 — Research Nester’s recent market research analysis on “Data Center Switch Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global data center switch market in terms of market segmentation by technology, switch type, end user, and by region.
Growing Demand for Internet Connection to Promote Global Market Share of Data Center Switch
Data center switches provide a bridge to establish a network connection in a data center to send and receive data from one location to another. Therefore, it is estimated that the growing demand for internet connections will increase the market growth in the coming years. As of January 2023, about 4 billion people were using the internet, which is about 63 percent of the world’s population.
The data center switch is preferable for cloud providers that rely heavily on virtualization. Additionally, there has been an increasing adoption of cloud technologies, which is also expected to fuel market growth over the forecast period. Cloud services will be used by approximately 93% of businesses in the United States in 2022.
Growth Drivers:
• Rising Cloud Adoption
• Increasing Demand for Storage Solutions
Challenges:
There is a need to implement various technologies like cloud technologies in data centers to make them more efficient. Adequate infrastructure is also required which requires more resources and is likely to hamper the growth of the market in the coming years.
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By application, the global data center switch market is segmented into government, IT & telecom, retail, BFSI, enterprise, and others. The IT & telecom segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. This is owing to the fact that, depending on the size of the company, the IT industry requires hyper-scale data centers and on-site private data storage for its operations. Additionally, cloud storage is growing in popularity with the proliferation of SaaS providers. In addition, large amounts of data are generated in the IT and telecommunications sectors, which increases the demand for data centers and other solutions. Therefore, it is expected to spur growth of the segment through the end of 2035.
By region, the North America data center switch market is to generate the highest revenue by the end of 2035. The market growth is owing to increasing internet usage and an increase in the power demand of huge data centers. In addition, the increasing adoption of technologies in the region such as 5G technology, blockchain technology, big data, AI, and others is expected to further enhance the market growth in the region. The report estimates that more than 90 percent of organizations in the United States are investing in big data and artificial intelligence projects.
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This report also provides the existing competitive scenario of some of the key players of the global data center switch market which includes company profiling of Arista Networks, Inc., NEC Corporation, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Hewlett Packard Enterprise Development LP, Dell Inc., Extreme Networks, Inc., D-Link Corporation, ZTE Corporation, and others.
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