Dublin, April 08, 2024 (GLOBE NEWSWIRE) -- The "Data Center Interconnect - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Data Center Interconnect Market to Reach $28.6 Billion by 2030
The global market for Data Center Interconnect estimated at US$11.2 Billion in the year 2023, is projected to reach a revised size of US$28.6 Billion by 2030, growing at a CAGR of 12.4% over the analysis period 2023-2030.
Data centers serve as the backbone of the modern digital economy, facilitating the growth of the data center interconnect (DCI) market. They are crucial for successful digital transformation initiatives, with the cloud emerging as a major driver of data center expansion. The global economic landscape plays a significant role in shaping the demand for DCI solutions. DCI serves as the bridge between data centers, enabling seamless connectivity and data transfer. Different interconnection types and their characteristics are essential considerations when selecting DCI providers.
Data Center Interconnect Hardware, one of the segments analyzed in the report, is projected to record 11.7% CAGR and reach US$14.4 Billion by the end of the analysis period. Growth in the Data Center Interconnect Software segment is estimated at 13.4% CAGR for the next 8-year period.
Key benefits of DCI include enhanced data transmission speeds, improved scalability, and reduced latency. Market outlook indicates developed regions leading the DCI market, while developing economies show potential for high growth. Competition in the DCI market is characterized by varying degrees of market presence among players, categorized as strong, active, niche, or trivial. Recent market activity reflects ongoing innovations aimed at meeting evolving connectivity needs and improving DCI solutions.
The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 14.2% CAGR
The Data Center Interconnect market in the U.S. is estimated at US$4.3 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 14.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.5% and 11.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR.
MARKET OVERVIEW
- As the Backbone of Modern Digital Economy, Data Centers Provide the Foundation for the Growth for Data Center Interconnect Market
- Here's Why Data Centers Are the Starting Point for Successful Digital Transformation
- The Cloud is the Biggest Driver of Data Centers
- Global Economic Update
- An Introduction to Data Center Interconnect
- Interconnection Types
- Characteristics of DCI
- Essential Requirements of DCI
- Key Benefits of DCI
- Factors to Consider While Selecting DCI Providers
- Interconnect, Direct Connect, and Cross Connect in Data Center: A Comparison
- Global Market Outlook
- Segment Analysis
- Developed Regions Lead, Developing Economies Poised for High Growth
- Competition
- Data Center Interconnect - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Recent Market Activity
- Select Innovations
MARKET TRENDS & DRIVERS
- Rapid Pace of Digital Transformation Necessitates Robust Data Centers, Drives Opportunities for DCI Solutions
- How Digital Transformation Benefits From Data Centers: A Quick Recap
- Growing Internet Footprint, the Starting Point for All IP Data Creation: Global Number of Internet Users (In Billion) for Years 2018, 2020, 2022, and 2024
- Importance of the Internet Reaches New Peaks Amidst the Pandemic: % Increase in Internet Traffic by Industry Type for H1 2020
- Growing Operational Requirements of Modern Data Centers Widen Scope and Span of DCI Market
- Increased Investments on Data Center Infrastructure Worldwide Create Fertile Environment for Market Growth
- Over 60% of Companies in North America, Europe & Asia to Witness Higher Velocity of Change in Digital Transformation During the Years 2019 through 2023: Global Digital Transformation Growth (In %)
- Explosive Growth of IP Traffic Data Center
- Surging Workloads of Data Center Workloads to Fuel Prospects in Data Center Interconnects Market: Global Datacenter IP Traffic (In Zetabytes Per Month) for Years 2017 Through 2022
- Growing Demand for Data Center Storage
- Worldwide Data Center Storage Capacity: Data Stored in Exabytes for the Years 2015 through 2021
- Rise in Cloud-based Services to Spur Need for Cloud DCI
- Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses
- More than 90% of Data Center Traffic Will be from Cloud Based Data Centers: Global Data Center IP Traffic Breakdown (in %) by Cloud and Traditional Data Centers for the Years 2017, 2019 and 2022
- Emergence of Hyperscale Data Centers in Response to the Big Data Challenge to Present Opportunities for the Market
- Number of Hyperscale Data Centers Worldwide (in Units) for the Period 2015-2021
- Scaling of Optical Interconnects in Hyperscale Data Center Networks
- With 5G Network Transition Poised to Increase Workload of Data Centers, DCI Solutions to Boost Market
- Growing Need for Disaster Recovery and Business Continuity Spurs Market Growth
- DWDM Extends a Reliable Technology Platform for DCI
- Virtual Interconnection Emerges for Cutting Edge Data Centers
- Optical Interconnects to Address Challenges Facing Data Centers
- Demand Rises for Flexible Data Center Interconnect
- Challenges Confronting DCI Market
FOCUS ON SELECT PLAYERS(Total 55 Featured)
- ADVA Optical Networking SE
- Ciena Corp.
- Cisco Systems Inc.
- Colt Technology Services Group Ltd.
- Equinix, Inc.
- Extreme Networks, Inc.
- Fujitsu Ltd.
- Huawei Technologies Co. Ltd.
- Infinera Corp.
- Juniper Networks Inc.
- Nippon Telegraph and Telephone Corporation
- Nokia Oyj
For more information about this report visit https://www.researchandmarkets.com/r/skbxs8
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
