Data Center Interconnect Market 2022 – Market Predicted to Grow at High CAGR, Complete Business Overview, Market Share, Size, Current Trends and Forecast to 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Data Center Interconnect Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Data Center Interconnect Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Data Center Interconnect Market products.

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The growth of the market can be attributed to the growing accessibility to internet amongst the households globally and the need for advanced technologies that promote effective communication between two distant geographies. In the United States, internet access to households grew from around 73% of the households in 2015 to close to 80% of the households in 2019. In Korea, it was around 98% in 2014 which grew to nearly 100% in 2020. On the other hand, in the Netherlands, internet access to households touched nearly 98% in 2019. Countries in the Latin America, such as Brazil and Mexico grew at a significant pace by about 1.45x and 1.63x respectively within a span of 4 years between 2015 and 2019.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

The Data Center Interconnect Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2022, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.

The Data Center Interconnect (DCI) is all about networking being used in the IT organizations. The main technique is to establish the network, work together, and to share the resources. The DCI is mostly skilled with networking tools supported by the software. By using Virtual Private Network, the data center can be interconnected. Once it is connected to the network, all the selected IT resources from the data center can be used.

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Some of the advantages of DCI are scalability, workload sharing, and connectivity of multiple data in the same organization. DCI is being used in IT infrastructure to succeed in their industry. According to Infoholic Research, the “Worldwide Data Center Interconnect Market” will witness a CAGR of 10.8% during the forecast period 2016–2022. The reason for the growth is the tremendous demand from retail, healthcare companies, banks and manufacturing companies which need to securely backup and replicate mission-critical data and applications among multiple locations.

The market is being divided by types – products and services. The products segment holds the majority of the share in 2016 and is expected to gain more market share by 2022. The services industry will reduce as major players have started offering a suite of services at a lower price. The cloud deployment of DCI will be one of the major trends in the market, however, the share of the on-premise DCI will be more than 80% in 2016. It is expected that the market for on-premise will reduce as the demand for the private and hybrid increases among the users.

The CSP and ICP are the major end-users of the DCI and will drive the need for DCI applications in the future. ICP is the major contributor in the North America region, while in others CSP holds the majority of the share. Enterprises are getting more number of players for DCI in the market as there are a lot of mergers and acquisitions happening in the data center market. North America is holding almost 50% of the market share in 2016 and is expected to be leading the market in the forecasted years. Asia Pacific will be the fastest growing segment due to increased investment and establishment of many organizations in Tier 1 cities of the developing economies.

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The study covers and analyzes the “Worldwide Data Center Interconnect” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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