The improvement in the broadband infrastructure in countries including India and China is contributing to the high proliferation of market in the Asia Pacific region, which is expected to over USD 8 billion by 2024.

Sellbyville, DE -- (SBWire) -- 10/10/2018 --The segmentation of the data center networking market indicates that the services segment is anticipated to witness a significant growth to reach over USD 8 billion by 2024. Organizations are increasingly outsourcing management activities such as consulting, repairing, and maintenance to licensed external players. The increase in the construction and modernization of facilities is contributing to the increase of professional services such as installation and integration.

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Additionally, various organizations do not understand their network requirements such as the scalability of their infrastructure and, in most cases, undermine or overestimate their network and storage requirements, making consulting in the data center networking market a prime requisite.

The trends in the data center networking market indicates that IT & Telecom and BFSI sectors are prime adopters of the technology with BFSI sector valued at over USD 2.5 billion in 2017. These enterprises are required to store and access large amounts of data, which need to be accessed in real time. Additionally, financial services firms need reliable and fast connectivity to support latency applications for tasks such as online trading and payment processing.

Mobile Virtual Network Operator (MVNO) Market is set to grow from its current market value of $14 billion to more than $35 billion by 2024, to grow at 14.3% CAGR

Industry Growth drivers –
- Transition to cloud-based solutions in the U.S.
- Increase in organizational data traffic and big data analytics in U.K and Germany
- Growth of mega data centers and trend of collocation in China, India, and Mexico
- Rising adoption of 100Gb switch ports in the U.S. and UK
- Development of broadband and internet infrastructure in India and Philippines
- Increase in construction of new data centers and replacement of existing technologies in parts of South America
- Decline in costs of semiconductor components in Asia Pacific
- Movement from HDDs to SSDs in data centers across the world

Countries including China and India have become hubs of outsourced services owing to the low costs of resources such as labor, technology, and space. India data center networking market was over USD 450 million in 2017. In the aftermath of the Digital India campaign and the Start-up India Stand Up India initiative, there is a rise in the number of IT industries, which has amplified the demand for these technologies within the country.

The declining costs of semiconductor components are anticipated to drive the growth of the data center networking market. Th advent of technologies, primarily in countries including India and the Philippines is done at relatively lower costs as compared to their Western counterparts, contributing to a strong growth potential of the industry. Additionally, the trend of outsourcing to emerging Asian countries is further driving the industry.

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The segmentation of the data center networking market indicates that the solutions segment contributed to over 75% of the overall revenue in 2017. This growth is largely due to the increase in construction activities and the modernization of the existing outdated technologies by organizations seeking to stay ahead of the competition. The adoption of Ethernet switches is anticipated to drive hardware solution growth in the data center networking market owing to companies switching to 100 Gbps ports that allow for faster speeds and the movement of data. ADCs are the important components of the architecture as they are deployed predominantly to support the function of on-premise legacy applications.

The rise in the number of IT & Telecom players and increase in outsourced activities, primarily to countries of the Asia Pacific region, are fueling the demand for the data center networking market. Telecom providers rely heavily on this architecture to generate higher profits owing to the influx of consumer data. For instance, in July 2017, Odata announced that it was investing USD 100 million in Colombian data centers as a part of its international expansion strategy.

The data center networking market players comprise companies such as Huawei Technologies Co. Ltd., Google Inc, Hewlett-Packard, Microsoft, IBM Corporation, Dell Inc., Equinix Inc., Fujitsu, Siemens AG, , Arista Networks, Avaya, Brocade Communications, Cisco Systems, Inc., Delta Electronics, Inc, Extreme Networks, Intel Corporation, Juniper Networks, Microsoft Corporation, NEC Corporation, VMware, Inc., Amazon.com, Inc., Apple Inc., AT&T, Inc, Facebook, Inc., JPMorgan Chase, NTT Communications Corporation, Oracle Corporation, SAP SE, Telefonica S.A., Unisys, Verizon, Wipro Limited

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