The global data center interconnect platforms market size was USD 8.39 Billion in 2022 and is expected to reach USD 24.96 Billion in 2032, and register a revenue CAGR of 12% during the forecast period. Rising demand for high-speed data transfer and connectivity, as well as increasing requirement for data centre consolidation and Cloud Computing, are major factors driving market revenue growth.
Data centre consolidation has grown more crucial as businesses continue to rely on Digital data storage and management. Data center interconnect solutions have become more popular as a result, making it easier for data to be transferred between data centers that are spread out geographically. These platforms provide a centralized administration framework for data centers, which drives operational effectiveness and lowers costs for companies.
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Revenue growth of the market of data center interconnect platforms has also been driven by rising popularity of cloud computing. High-speed connectivity and dependable data transfer across many data centers are necessary for cloud computing services. Platforms for data centre interconnection give cloud computing providers the infrastructure they need to give their clients scalable, safe, and effective services. More sophisticated data centre connection platforms are also required due to rising need for high-speed data transfer and networking. These platforms provide high-speed data transfer rates and low latency for applications such as real-time data analytics, video streaming, and online gaming, .
Rising demand for disaster recovery and business continuity solutions is another factor driving revenue growth of the market for data center interconnect platforms. Businesses need reliable and effective data center interconnect technologies to guarantee that their crucial data and applications remain available in the case of a disaster or outage.
Increasing use of technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) is another factor driving revenue growth of the market. Advanced data centre interconnect platforms can support the high-speed data transfer and low latency requirements of these technologies.
Competitive Landscape:
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- Huawei Technologies Co., Ltd.
- Arista Networks, Inc.
- ADVA Optical Networking SE
- Ericsson AB
- Ciena Corporation
- Extreme Networks, Inc.
- Infinera Corporation
- Pluribus Networks, Inc.
The global market is further segmented into type and application:
| By Component Outlook |
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| By Application Outlook |
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Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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