LONDON--(BUSINESS WIRE)--The global data center interconnect solutions market is expected to post a CAGR of over 12% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The increasing demand for connectivity will be one of the major drivers for the global data center interconnect solutions market. Business activities are growing at a significant rate in urban areas, which is fueling rapid technological advancements and the demand for increased connectivity. This is resulting in the increased demand for robust communication networks. As a result, several technology companies are focusing on expanding data centers to store and process heavy datasets. Moreover, communication service providers (CSPs) and co-location data center providers are also increasing the number of data centers to meet the connectivity demands of their clients. Thus, the increasing demand for connectivity will fuel the need for data center interconnect solutions during the forecast period.
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As per Technavio, the increasing number of metro data centers, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Data Center Interconnect Solutions Market: Increasing Number of Metro Data Centers
The increasing number of metro data centers will be one of the critical trends in the global data center interconnect solutions market. To address high volumes of data traffic, the number of data centers in metros has been increasing rapidly. This is increasing the need of 5G networks because it enables high quality and low latency data transfers. Further, machine-to-machine data transfer will also gain immense traction in the coming years. Also, with the advent of hybrid cloud solutions and multi-cloud environments, addressing the demand for bandwidth has become a key concern for enterprises. To address these challenges, vendors are offering various data center interconnect solutions that provide seamless connectivity between data centers in a metro. Thus, the growing number of metro data centers will significantly increase the demand for data center interconnect solutions during the forecast period.
“The unprecedented demand for digital content and the geographic disaggregation of data centers are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Data Center Interconnect Solutions Market: Segmentation Analysis
This market research report segments the global data center interconnect solutions market by end-user (telecommunications; BFSI; cloud and IT services; content and digital media; and others) and geographical regions (North America, Europe, APAC, South America, and MEA).
The North American region led the market share in 2018, followed by APAC, Europe, South America, and MEA respectively. During the forecast period, the North American region is expected to maintain its dominance over the global market. This is due to the rising demand for high bandwidth from major end-users such as cloud and IT services in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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