Demand for Scalability and Flexibility among Enterprises to Boost Adoption of Data Center Networking Software and Services
Over the past few years, there has been a soaring popularity of data center virtualizations and cloud computing services among enterprises of all sizes. A large number of organizations increasingly demand data center networking services to manage myriad needs of their internal and external business environments. Organizations across a range of industry verticals such as telecommunications, retail, education, media and entertainment, BFSI, and healthcare realize the potential of real-time interactions for different business functions. They use data center networking to transform their delivery systems spanning across advertising, brand communication, product management, and online services. Data center networking services enable them to significantly cut down the total cost of ownership (TCO) since they do not need to make a substantial investment upfront in setting up dedicated infrastructures for managing their burgeoning data requirements.
What are the factors that will stimulate the demand for data networking hardware, software, and services among enterprises?
The demand for hardware, software, and services related to data center networking is propelled by the increased adoption of cloud computing services and data center virtualization, combined with the rapid pace of digitization across various businesses. The rising demand for cost-effective and secure storage of data, coupled with the soaring requirement for flexible and dynamic infrastructure, is expected to spur the adoption of data center networking. In addition, vendors offering constant improvement in service delivery and superior risk management have led many enterprises to consider date center networking as the preferred platform for service delivery.
Cost-reduction of cloud data storage and spiraling initiatives taken by data center networking service providers to provide enhanced security are expected to accelerate the growth of the market along the forecast period. However, stringent regulatory requirements related to data protection laws in some regions, especially the EU, have hindered the adoption of data center networking software and services. On the other hand, the growing popularity of IoT technologies across different industry verticals such as energy and power, water utilities, oil and gas is anticipated to open promising opportunities for market players.
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Which regions are likely to showcase impressive demand for data center networking?
Geographically, the Americas, Asia Pacific, Europe, and the Middle East and Africa are prominent markets for data center networking. Among the major regions, North America was a dominant market for data center networking in 2016. However, the scales are expected to tilt in favor of Asia Pacific.
According to a report by Transparency Market Research, Asia Pacific is expected to rise at a whopping CAGR of 17.3% from 2017 to 2025. The growth in the regional market is attributed to a staggering rise in the number of connecting devices such as smartphones and tablets across enterprises. Coupled with this, advancement in IT infrastructure has led to a significant uptake of data center networking by international players outsourcing their operations. Furthermore, the rapid pace of economic growth in emerging markets of the region, such as India and China, is expected to lead to an increased adoption of IoT devices in various industries, fuelling the growth of the market along the forecast period.