Press release
Data Center Networking Market - Demand for Software Components to Rise at High Pace
The adoption of data center virtualization and cloud computing has been identified as one of the key driving factors for the global data center networking market. In 2016, the global data center networking market was valued at US$ 63.05 Bn and is expected to reach US$ 228.40 Bn by 2025, expanding at a CAGR of 15.5% during the forecast period.Organizations are becoming more dependent on services provided by data centers with each passing day. As an advanced delivery system of advertising, communications, products, news and services via internet, data centers are gaining in popularity. With the help of hyperscale data centers, which give data center infrastructure on lease, businesses are able to reduce the total cost of ownership (TCO) if not eliminate them completely for organizations. This helps in reducing expenditure on building and maintaining data center infrastructures. The task is instead achieved by data centers, equipped with various data center networking products. These centers are engaged in improving service delivery and risk management for organizations.
According to Transparency Market Research (TMR), the global data center networking market is likely to exhibit a CAGR of 15.5% between 2017 and 2025. At this pace, the market’s valuation is forecast to reach US$228.40 bn by the end of 2025, from US$63.05 bn in 2016.
Fill the form for an exclusive sample of this report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=21257
Demand for Software Components to Rise at High Pace
Based on component, the global data center networking market has been segmented into hardware, software, and services. Of these, the hardware component emerged dominant in 2016 contributing nearly 52% of the overall market based on revenue. However, exhibiting a CAGR of more than other components, the software segment is forecast to emerge as the most lucrative one in the forecast period. This is primarily attributed to the rising digitization and growing adoption of cloud computing technologies in data centers. In addition, the services segment which held approximately 28% of market share in 2016 is expected to hold a noteworthy market revenue share in 2025.
Based on industry vertical, the global data center networking market can be segmented into BFSI, education, healthcare, media and entertainment, government, telecommunications, retail, and others. Of these, holding over 21% of the market, the BFSI segment emerged as the lead in 2016. TMR forecasts this segment to continue leading the market through the course of the forecast period. Besides this, the demand for data center networking is forecast to rise considerably in the healthcare sector.
Browse Research Report @
https://www.transparencymarketresearch.com/data-center-networking-market.html
Asia Pacific to Exhibit Most Lucrative Opportunities in Forthcoming Years
Regionally, North America, Asia Pacific, Europe, South America, and the Middle East and Africa constitute the key market segments. Among these regions North America emerged dominant in the global data center networking market in 2016. However, during the course of the forecast period Asia Pacific is expected to showcase the highest CAGR of 17.3% between 2017 and 2025. The Asia Pacific data center networking market is chiefly gaining from easy availability to connecting devices such as tablets and smartphones. Besides this economic growth witnessed across emerging nations such as India and China is expected to aid the market’s expansion in the region. Furthermore, the region exhibits a developing IT infrastructure, which help supporting outsourced activities of foreign companies efficiently. Spurred by these factors the demand for data center networking is expected to increase considerably in Asia Pacific in the forthcoming years.
The global data center networking is very competitive owing to the high demand of networking components. The key market players profiled in this report are Cisco Systems, Inc., Hewlett Packard Enterprise, Arista Networks, Juniper Networks, Microsoft Corporation, Huawei Technologies Co. Ltd., Dell Inc., Avaya Inc., Extreme Networks Inc. and Brocade networking solutions.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Center Networking Market - Demand for Software Components to Rise at High Pace here
News-ID: 817208 • Views: …
More Releases from Transparency Market Research
Global Preventive Healthcare Technologies and Services Market Outlook 2034: Indu …
The global preventive healthcare technologies and services market has entered a transformative era, shaped by the increasing shift from curative to preventive care, rapid technological advancements, and growing consumer awareness. Valued at US$ 260.2 billion in 2023, the industry is forecast to expand at an impressive CAGR of 10.6% from 2024 to 2034, ultimately exceeding US$ 773.1 billion by 2034. This robust expansion is driven by innovations in early disease…
Heat Seal Films Market for Flexible Packaging Forecast to Reach US$ 1.8 Billion …
The global Heat Seal Films Market for Flexible Packaging is projected to grow from US$ 1.1 billion in 2023 to US$ 1.8 billion by 2034, registering a compound annual growth rate (CAGR) of 4.8% over the forecast period of 2024-2034. Heat seal films - polymeric films engineered to create strong, tamper-evident and moisture-resistant seals - are increasingly central to modern flexible packaging as manufacturers balance product protection, process speed and…
Water Soluble Polymer Market to Reach USD 66.3 Billion by 2034 Amid Rising Deman …
The global Water Soluble Polymer Market is set for sustained expansion over the next decade, with market valuation projected to rise from US$ 36.4 billion in 2023 to US$ 66.3 billion by 2034, growing at a CAGR of 5.7% between 2024 and 2034. The rising global focus on water conservation, sustainable wastewater management, eco-friendly materials, and advanced industrial processes is driving the adoption of water-soluble polymers across a wide range…
Global Livestream E-Commerce Market Outlook 2035: How the Industry Surges from U …
The global livestream e-commerce market is undergoing one of the most significant transformations in the digital retail industry. Valued at US$ 940.3 Bn in 2024, the sector has experienced rapid adoption driven by evolving consumer behavior, social commerce expansion, and the blend of entertainment with online shopping. According to forecasts, the market is expected to grow at an impressive CAGR of 18.5% from 2025 to 2035, ultimately reaching a massive…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
