Market Size of Ireland Data Center Networking Industry
Study Period | 2019 - 2030 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 265.93 Million |
Market Size (2029) | USD 565.80 Million |
CAGR (2024 - 2030) | 16.30 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Ireland Data Center Networking Market Analysis
The Ireland Data Center Networking Market size is estimated at USD 265.93 million in 2024, and is expected to reach USD 565.80 million by 2029, growing at a CAGR of 16.30% during the forecast period (2024-2029).
- The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
- The upcoming IT load capacity of the Ireland market is expected to reach 230 MW by 2029. The country's construction of raised floor area is expected to increase more than 2.8 million sq. ft by 2029.
- The country's total number of racks to be installed is expected to reach 144,000 units by 2029. Dublin is expected to house the maximum number of racks by 2029. There are close to 16 submarine cable systems connecting Ireland, and many are under construction.
Ireland Data Center Networking Industry Segmentation
Data center networking refers to the set of technologies, protocols, and hardware used to connect physical and network-based devices and manage the network infrastructure, storage, and processing of applications and data. Data center networking is very critical for 100% uptime of data centers. In the current web-connected world, business workloads are executed on single computers, hence leading to the need for data center networking. Networks provide servers, clients, applications, and middleware with a standard plan to stage the execution of workloads and also to manage access to the data produced.
The Ireland data center networking market is segmented by component type (by product [ethernet switches, router, storage area network (SAN), application delivery controller (ADC), and other networking equipment] and services [installation & integration, training & consulting, and support & maintenance]), by end-users (IT & telecommunications, BFSI, government, media & entertainment, and other end-users).
The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
Ireland Data Center Networking Market Size Summary
The Ireland Data Center Networking Market is experiencing significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments from local players. The market is characterized by the expansion of mega data centers, the high penetration of advanced switch ports, and the development of robust internet infrastructure. These factors are contributing to the rising demand for high-speed internet and innovative data center network solutions. The proliferation of artificial intelligence, Internet of Things, and big data workloads is further propelling the need for sophisticated networking infrastructure, enabling providers to enhance efficiency, scalability, and reliability. The growing popularity of social media and streaming services, coupled with the expansion of 4G and 5G coverage, is also driving the demand for data centers, as more data is generated from increased smartphone usage.
The market is witnessing a surge in the adoption of cloud computing technologies, digitization, and virtualization, which are fueling the demand for storage and backup solutions. Ethernet technology is playing a crucial role in meeting the connectivity requirements of expanding data centers, with increased use of power over Ethernet and high-bandwidth switches. The competitive landscape is marked by the presence of established vendors and new entrants, with companies like Cisco Systems, Arista Networks, and Huawei Technologies leading the charge in innovation. Recent product launches and strategic partnerships, such as those by Cisco, Arista Networks, and Kyndryl, highlight the ongoing transformation and expansion within the industry. This dynamic environment is attracting new investors eager to capitalize on the sector's growth potential.
Ireland Data Center Networking Market Market Size - Table of Contents
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1. Market Dynamics
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Utilization of Cloud Storage is Driving the Market Growth
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1.2.2 Rising Need for Backup and Storage is Expanding the Market Demand
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1.3 Market Restraints
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1.3.1 Lack of Skilled Professionals is Hindering the Market Demand
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment of COVID-19 Impact
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2. MARKET SEGMENTATION
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2.1 By Component
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2.1.1 By Product
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2.1.1.1 Ethernet Switches
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2.1.1.2 Router
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2.1.1.3 Storage Area Network (SAN)
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2.1.1.4 Application Delivery Controller (ADC)
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2.1.1.5 Other Networking Equipment
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2.1.2 By Services
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2.1.2.1 Installation & Integration
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2.1.2.2 Training & Consulting
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2.1.2.3 Support & Maintenance
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2.2 End-User
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2.2.1 IT & Telecommunication
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2.2.2 BFSI
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2.2.3 Government
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2.2.4 Media & Entertainment
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2.2.5 Other End-Users
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Ireland Data Center Networking Market Market Size FAQs
How big is the Ireland Data Center Networking Market?
The Ireland Data Center Networking Market size is expected to reach USD 265.93 million in 2024 and grow at a CAGR of 16.30% to reach USD 565.80 million by 2029.
What is the current Ireland Data Center Networking Market size?
In 2024, the Ireland Data Center Networking Market size is expected to reach USD 265.93 million.