How big is the Data Center Networks Market?

The Data Center Networks Market size is expected to reach USD 26.12 billion in 2024 and grow at a CAGR of 17.85% to reach USD 59.37 billion by 2029. Read More

What is the current Data Center Networks Market size?

In 2024, the Data Center Networks Market size is expected to reach USD 26.12 billion. Read More

Who are the key players in Data Center Networks Market?

Cisco Systems Inc., Juniper Networks Inc., Arista Networks Inc., H3C Holding Limited and VMware Inc are the major companies operating in the Data Center Networks Market. Read More

Which is the fastest growing region in Data Center Networks Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Data Center Networks Market?

In 2024, the North America accounts for the largest market share in Data Center Networks Market. Read More

What years does this Data Center Networks Market cover, and what was the market size in 2023?

In 2023, the Data Center Networks Market size was estimated at USD 21.46 billion. The report covers the Data Center Networks Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Data Center Networks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Data Center Networks Market Trends

Statistics for the 2023 & 2024 Data Center Networks market trends, created by Mordor Intelligence™ Industry Reports. Data Center Networks trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Data Center Networks Industry

The Growth in Retail and E-Commerce is Anticipated to Drive the Market Demand

The essential element of modern technology is the networking of data centres, making it possible to exchange information across equipment and infrastructure over external networks in a smooth manner. It shall be designed to ensure the stability, reliability and security of an Internet system which supports new technologies such as virtualisation and cloud computing.
In order for retailers to remain competitive in today's market, it is essential to tailor the shopping experience to the customer. Retailers are recording customers' past transactions for the purpose of providing personalised recommendations. The need to provide effective data centers is becoming mandatory in view of an increasing number of consumers.
The requirement for retailers to store transaction and customer data in a central location is eliminated with the implementation of Data Center Networking, making information more secure. In particular, this aspect of the data centre network is important as it gives a secure environment for customer's confidential information.
It is likely that retail sales will increase significantly in the Asia Pacific region and lead to further market expansion as a result of this strong surge in e commerce. According to India Brand Equity FoundationIBEF, eCommerce Industry in India is growing exponentially; the market of electronic commerce in India has been around USD 84 billion by 2021, and estimates have shown that this will be close to USD 350 billion by 2030.

Data Center Networks Market: Market Size of E-commerce Industry, USD Billion, India, from 2014 to 2018, with Forecasts until 2030

Understand The Key Trends Shaping This Market

Download PDF

The Asia-Pacific Region is Expected to Drive the Growth of the Market Studied

Asia Pacific, due to the increased importance of smart technologies, internet of things enabled equipment, Big Data, Industry 4.0, 5G and cloud computing in this region, is expected to rise at a high rate over the forecast period.
In the region, data centers have also been deployed at an increasing rate. For instance, a contract of USD 35.9 million was awarded in January 2023 by the Tamil State owned beverages company TasMAC to RailTel as an IT infrastructure provider. In the course of the next 5 years, this contract will ensure that RailTel provides end to end computerisation and connectivity for TASMAC. This would also involve RailTel supplying the project's infrastructure, including developing a data center and data recovery center that can offer two-way disaster recovery in conjunction with the Tamil Nadu state data center (TNSDC).
The various new opportunities that will lead to the growth of the data centre networking market during this period, which is expected to be a year from now, are driven by increasing adoption of Data Centre Infrastructure and quick need for backup and storage as well as increased use of Cloud Storage.
In addition, huge demand for network infrastructure is expected to be created in the data center networking market as a result of an increase in building new data centers and replacing current technologies with lower costs associated with semicondcutor components across China.