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Data Center Interconnect Market Size

Report ID: GMI6814
Published Date: Sep 2023
Report Format: PDF

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Data Center Interconnect Market Size

Data Center Interconnect Market size was valued at USD 8.2 billion in 2022 and is projected to grow at a CAGR of over 13.5% between 2023 and 2032. The exponential growth of data generated by trends, such as IoT and big data analytics, is a primary factor propelling the data center interconnect industry. As businesses and organizations accumulate vast amounts of data, they require interconnected data centers to efficiently manage, process, and store this information. Data center interconnect solutions enable seamless communication and data transfer between these data centers, ensuring data availability & reliability, and addressing the pressing need to accommodate & harness the ever-increasing data volumes.

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The increasing demand for disaster recovery solutions is a significant factor fueling the data center interconnect market. Organizations recognize the critical importance of data continuity and minimizing downtime in events of disasters or system failures. Data center interconnect enables the replication and synchronization of data between geographically dispersed data centers, ensuring redundancy and data availability. This resilience is crucial for disaster recovery strategies as it allows for seamless failover to secondary data centers, reducing the risks of data loss and business disruption. As such, the growing emphasis on disaster recovery is fueling the adoption of data center interconnect solutions.

Data Center Interconnect Market Report Attributes
Report Attribute	Details
Base Year:	2022
Data Center Interconnect Market Size in 2022:	USD 8.2 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	13.5%
2032 Value Projection:	USD 29.6 Billion
Historical Data for:	2018 to2022
No. of Pages:	296
Tables, Charts & Figures:	390
Segments covered:	Component, Technology, Application, End-User, and Region
Growth Drivers:	Exponential growth of data due to digital transformation Provide the scalability and flexibility Expansion of edge computing infrastructure Increasing adoption hybrid and multi-cloud strategies
Pitfalls & Challenges:	Security and compliance risks Complexity and management

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for data center interconnect was USD 8.2 billion in 2022 and may record over 13.5% CAGR from 2023 to 2032 due to the rising influx of IoT and big data analytics

Data center interconnect industry size from the hardware component segment is expected to 12.5% CAGR through 2032 owing to the introduction of new high-speed optical transceivers

North America held over 35% share of the data center interconnect industry in 2022 driven by the increasing trend of acquiring DCI portfolios in the region

Cisco Systems, Inc., Equinix, Extreme Networks, Fujitsu, NOKIA, Huawei Technologies Co., Ltd., and Juniper Networks, Inc. are some of the prominent data center interconnect companies