The global market for cloud and data center networks will grow from $17.0 billion in 2017 to $34.0 billion by 2022, with a compound annual growth rate (CAGR) of 14.9% for the period of 2017-2022.
A new research report titled, “Cloud and Data Center Network Technologies : Global Market Through 2022” has been added to the comprehensive repository of Market Research Hub (MRH). The report offers in-depth analysis and insights on the global cloud and data center network technologies market, offering readers an accurate and transparent picture of this market.
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According to the report, adoption of cloud and data center networks is witnessing a spike on account of increasing awareness among end-users about their benefits. The report opines that end-users are focusing on adopting latest software and tools that have highly dense system components and the flexibility of software control.
Although these trends are pervasive and concern the broader public telecommunications network, the report mainly concerns the trends in data centers and private networks used in company premises.
According to the report, adoption of cloud and data center network technologies is growing at a brisk pace as they have the potential to transform this landscape. This type of deployment is likely to reduce the total IT spend.
The adoption of cloud and data center network technologies is also likely to reduce the challenges associated with scaling and flexibility.
The report offers detailed segment-wise analysis and forecast on the cloud and data center network technologies market. The market has been segmented on the basis of technology into cloud and data center networking, software, hardware, and services.
The end-users in the market have been segmented into companies and cloud providers. The end-use segments on which the report offers segmentation and analysis includes consumer products, industrial, retail, transportation, materials, utilities, and telecommunications.
On the basis of technology type, the report segments the market into hardware, scale-out storage, services, software, and scale-up storage. Region-wise segmentation and analysis in the report includes North America, Asia Pacific, Latin America, Europe, and Middle East & Africa (MEA).
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North America is one of the most preeminent markets for cloud and data center network technologies. The adoption has remained robust over the years, and the presence of a large number of leading vendors has led to launch of innovative software and services in the market.
In addition to North America, Europe is another market for cloud and data center network technologies. The adoption of these technologies in Europe is concentrated in EU5.
The report also offers a detailed competitive landscape that profiles some of the leading vendors in the market. The product and business strategies of these market players has been discussed in detail, and analysis on recent developments has been offered for the perusal of the readers.
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