PUBLISHER: Allied Market Research | PRODUCT CODE: 1298202
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298202
Data center interconnect (DCI) connects two or more data centers together over short, medium, or long distances using high-speed packet-optical connectivity. It connects routers and servers to each other or to multi-tenant data centers, so to get users and data to the right cloud applications and services. Furthermore, the technology is deployed in industries around the world. It helps hospitals meet rigorous business and clinical needs and prepare for growth. In fintech, DCI technologies provide the networking infrastructure banks need to support traffic for a full range of digital products, from digital money transfers to real-time payments, and open banking via APIs. Such factors boost the demand for data center interconnect, resulting in market growth.
Increase in adoption cloud-based solutions and the increase in the utilization of cloud storage for driving the adoption are driving the growth of the market. In addition, the cost-efficient benefits of data center interconnect solutions in are fueling the growth of data center interconnect market. However, the significant upfront expenditure required to set data centers limit the growth of this market. Conversely, the escalating demands for business continuity and disaster recovery is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.
The data center interconnect market is segmented on the basis of type, application, end user and region. On the basis of type, it is segregated into hardware, software and services. On the basis of application, it is bifurcated into workload (VM) and data (storage) mobility, real-time disaster recovery and business continuity, and shared data and resources/server high-availability clusters. On the basis end user, it is classified into BFSI, IT & telecom, healthcare, media and entertainment, retail, education and other. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global data center interconnect in manufacturing market is dominated by key players such as ADVA Optical Networking, Ciena Corporation, Cisco Systems, Inc., Colt Technology Services, Extreme Networks, Fujitsu Group, Huawei Technologies Co. Ltd., Infinera Corporation, Juniper Networks, Inc., and Nokia Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.