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Data Center Networking Market Projected to $21.85 Billion by 2018 - New Report by MarketsandMarkets

(PRWEB) August 06, 2014

The report "Data Center Networking Market [Ethernet switches, SAN, Routers, ADC, Network Security Equipment, WAN Optimization Appliances]: Global Advancements, Worldwide Forecasts & Analysis 2018", defines and segments the data center networking market into various segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints and challenges, and opportunities impacting it along with the future roadmaps.

Browse 106 market data tables and 42 figures spread through 225 pages and in-depth TOC on "Data Center Networking Market".

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Data Center Networking Market report gives detailed insights into the networking products, network security equipment, end-user environment, verticals, and regions

The advent of cloud computing has created a significant business opportunity for service providers. Service providers are expanding their services to meet customer interest in cloud services. Many of these companies are building cloud-ready infrastructure that can support new service models at the scale necessary to meet the demand of cloud platform and operate at an efficiency that ensures profitability. Service providers are focusing on leveraging their network assets and expertise to deliver cloud services from their data centers.

Service providers face twin challenges in deploying new data center services while controlling operational and capital costs along with maximizing the Return on Investment (ROI). To address the challenges faced by the service providers, vendors in the data center networking space are offering a complete set of network product portfolio which includes data center switching fabric, high-speed inter-data center connectivity, and unified data center orchestration. These network assets help the service providers to leverage the network as a resource in the cloud to automate and efficiently manage/distribute resources with improved performance.

The convergence of video, mobile services, and cloud technologies is impacting the next-generation data center networks. The increased proliferation of mobile devices and adoption of cloud services are putting tremendous strain on data center networks. At the same time, businesses are placing new requirements on the network in order to support new emerging operational models. To address these demands, vendors are transforming data center networks into a pooled, automated resource that provide flexibility to move workloads across any cloud along with offering high performance and easy diagnosability.

In the current scenario, there is huge potential in the market due to the continued adoption of cloud services and Software-Defined Networking (SDN) in the data centers. The pure players in the data center networking market including Cisco, Alcatel-Lucent, Brocade, Juniper Networks, Extreme Networks, IBM, Hitachi Data Systems, HP, and others are finding huge potential in the market in future with the evolving SDN technology. MarketsandMarkets expects the Asia Pacific (APAC) to hold the largest market in data center networking after 5 years, due to high investment plans on building new data centers in APAC.

MarketsandMarkets expects the global data center networking market is expected to grow $21.85 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 11.8% f 2018. MarketsandMarkets expects North America (NA) to hold the largest market for data center networking, in terms of geographical territories and over the next 5 years, APAC region is expected to experience the highest spending in the data center networking market.

MarketsandMarkets broadly segments the data center networking market by type of products used in data center networking: Ethernet switches, router, Storage Area Network (SAN), Application Delivery Controllers (ADCs), network security equipments, and WAN optimization appliances; by end-user environment: enterprises, cloud service providers, and telecommunication service providers; by industry verticals: high tech, BFSI, healthcare, government, education, retail, media and entertainment, and others; and by geographical regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).

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About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

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