According to a new report, published by KBV research, The Global Data Center Interconnect Market size is expected to reach $18.3 billion by 2027, rising at a market growth of 13.9% CAGR during the forecast period.
The Products segment acquired the maximum revenue share in the Global Data Center Interconnect Market by Type in 2020, thereby, achieving a market value of $9.9 billion by 2027. This is because of the advantages offered by these products, which include increased capacity and lower power consumption, both of which are critical in today's world. These products are in high demand because they assist meeting the bandwidth requirements of the most demanding cloud applications and data services.
The Communication Service Providers market is showcasing a CAGR of 13.3% during (2021 - 2027). This is because communication service providers are widely deploying DCI systems to fulfill increased bandwidth requirements and promote seamless service delivery by interconnecting their data centers.
The Shared Data & Resources/Server High-availability Clusters (Geoclustering) segment has high growth rate of 14.5% during (2021 - 2027). This is because High-availability clusters for shared data and resources/servers detect hardware/software defects and provide a path to the application on a different machine without the need for administrative involvement. Moreover, the necessity for DCI implementation for shared data and resources/server high-availability clusters is growing because of the benefits it provides for the security of workloads across internationally distributed data centers.
The North America is the fastest growing region of the Global Data Center Interconnect Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $6.9 billion by 2027. The Europe market is estimated to grow at a CAGR of 13.5% during (2021 - 2027). Additionally, The Asia Pacific market would exhibit a CAGR of 14% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/data-center-interconnect-market/
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 Huawei Technologies Co., Ltd., Cisco Systems, Inc., Ciena Corporation, Infinera Corporation, ADVA Optical Networking SE, Nokia Corporation, Juniper Networks, Inc., Fujitsu Limited, Colt Technology Services Group Limited, and Extreme Networks, Inc.
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By Geography
Companies Profiled
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