Global Data Center Networking Market Is Estimated To Witness High Growth Owing To Increasing Demand for Cloud Services and Growing Adoption of Big Data Analytics
The Data Center Networking Market is estimated to be valued at US$ 23.5 Bn in 2023 and is expected to exhibit a CAGR of 11.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Data Center Networking Market involves the design, integration, and management of networking infrastructure in data center facilities. It includes networking components such as switches, routers, and storage area networks (SANs) to ensure efficient and reliable communication and data transfer between servers, storage systems, and other devices within a data center. The market caters to various industries such as IT and telecom, healthcare, BFSI, government, and others. With the increasing adoption of cloud services and the growing need for better data management and analytics, the demand for advanced data center networking solutions is expected to witness significant growth in the coming years. Market Dynamics: The growth of ...