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Data Center Networking Market Size

Report ID: GMI2578
Published Date: Jul 2023
Report Format: PDF

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Data Center Networking Market Size

Data Center Networking Market size was valued at USD 22.4 billion in 2022 and expected to grow at over 12% CAGR during forecasted period. Global Industry registered a notable valuation in 2022. Driven by the growing adoption of cloud computing globally, the industry will grow at a decent CAGR between 2023 and 2032.

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Cloud-based services require substantial bandwidth to deliver a smooth and uninterrupted user experience. Data center networking provides high-speed connectivity to support these bandwidth-intensive applications and handles the increasing traffic volumes generated by cloud services. Moreover, rising data security concerns in the IT sector are creating lucrative growth opportunities for the industry.

Data Center Networking Market Report Attributes
Report Attribute	Details
Base Year:	2022
Data Center Networking Market Size in 2022:	USD 22.4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	12%
2032 Value Projection:	USD 68.6 Billion
Historical Data for:	2018 to 2022
No. of Pages:	300
Tables, Charts & Figures:	234
Segments covered:	Component, Application
Growth Drivers:	Increasing adoption of cloud computing and IoT Development of broadband and internet infrastructure Increase in the establishment of new data centers Rapid urbanization and proliferation of smart technologies
Pitfalls & Challenges:	High maintenance & start-up costs Stringent government regulations and policies

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The rapid expansion of broadband and internet infrastructure is creating a notable impetus for industry growth. This surge in internet usage generates a substantial amount of data that needs to be processed, stored, and transmitted efficiently. Data center networking plays a key role in facilitating the smooth data flow between end-users and data centers, ensuring a seamless internet experience. On the contrary, lack of a skilled workforce for operating data center networking systems in developing and underdeveloped economies may pose major barriers to industry growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global Market size for data center networking was USD 22.4 billion in 2022 and will record over 12% CAGR from 2023 to 2032.

Data center networking share from the IT & telecom sector was over 20% in 2022 and is projected to grow significantly through 2032 due to the growing demand for online banking services that require robust security measures.

North America data center networking share was around 35% in 2022 and will expand significantly through 2032 owing to the flourishing IT infrastructure across the region and focus on providing reliable internet service for the public.

IBM Corporation, Hewlett Packard Enterprise, Huawei Technologies Co. Ltd., Dell Inc., Microsoft Corporation, Intel Corporation, Juniper Networks, and Cisco Systems Inc., among other.