Friday, May 17, 2024

Data Centre Networking Market Drivers Shaping Future Growth, Revenue USD 61.2 Billion by 2031

According to Allied Market Research, the worldwide data center networking market earned $19.8 billion in 2021 and is expected to reach $61.2 billion by 2031, growing at a CAGR of 12.2% between 2022 and 2031.

The study examines evolving market trends, major segments, significant investment pockets, value chains, regional landscape, and competitive environment in depth. The study is a useful source of information for major market players, new entrants, investors, and stakeholders in developing future plans and taking action to enhance their market position.

The increasing need for high-speed data connections and cloud storage, increased worldwide investment in data center networking technologies, increased technology penetration, and high demand for robust data center networking solutions fuel the global data center networking market’s development. North America is expected to continue its dominance in the market over the forecast period.

The study provides a thorough breakdown of the worldwide data center networking market by component, end user, and geography. With the use of tables and figures, the study analyzes each sector and sub-segment. This research assists market participants, investors, and new entrants in evaluating which sub-segments should be targeted for growth in the next years.