Data Center Interconnect Platforms Market to Expand at a CAGR of 12.7% from 2018 to 2026
According to a new market report published by Transparency Market Research, the global data center interconnect (DCI) platform market is expected to reach a value of US$ 8,827.8 Mn by 2026 on account of hyper scale data centers and adoption of cloud-based services across regions. The market is projected to expand at a CAGR of 12.7% during the forecast period from 2018 to 2026. Asia Pacific is anticipated to experience healthy growth which is expected to be followed by South America during the forecast period.The solution segment is expected to see flourishing growth, owing to rising demand for Ethernet solutions, open optical line systems, and packet optical networking solutions.
Demand for data center interconnect solutions for large enterprises
The data center industry is experiencing explosive growth globally. Market competitiveness and improving technologies have made it more cost-effective for large enterprises to move their workloads off-premise into independently operated data centers. Explosive growth in cloud computing has radically increased the size and economic impact of data center interconnect investments made by the large enterprises of data center interconnect. Similarly, vendors across countries such as China, India, the U.S., U.K, Germany, and Norway are focusing on enhancing data center interconnect solutions and services. Public agencies as well as private companies are also emphasizing on developing solutions that are highly reliable and are cost-effective.
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Data Center Interconnect (DCI) Platforms Market: Scope of the Report
The data center interconnect platforms market is segmented on the basis of components, applications, industry, and region. According to the research study, the solutions segment of the data center interconnect platforms market is anticipated to experience flourishing growth during the forecast period. This is mainly due to the increasing adoption of Ethernet solutions, open optical line systems, and packet optical networking solutions across regions. In addition, growth of solutions is also expected to be supplemented by increasing demand for advance technological solutions across the data center industry. By 2026, solutions segment is projected to cover 63.76% of the global market. Apart from this, federated data storage application is also expected to play a vital role in supplementing the growth of the data center interconnect platforms market. Vendors are engaged in introducing various strategies to enhance the solutions for storing large volumes of data such as disaggregation of data center interconnect solutions, introducing advance open line systems etc. Based on industry, Carrier Neutral Providers (CNP) /Internet Content Providers (ICP) have the maximum share for usage of data center interconnect solutions in 2018. Carrier Neutral Providers (CNP) / Internet Content Providers (ICP) are gaining importance in the cloud ecosystem due to the services they offer enterprises as well as local internet service providers that provide broadband for consumers and businesses across the globe.
North America is leading the data center interconnect platform with more than 40% share globally. This is the result of increase in the hyperscale data centers and adoption of cloud-based services in the region. Furthermore, strong presence of data center interconnect solutions and service providing vendors across the region is contributing to growth of the market. Major share of North America is from the U.S due to the high adoption rate of cloud-based services in consumer and business applications.
In terms of opportunities, Asia Pacific and South America are expected to witness healthy growth during the forecast period. High internet penetration and expansion of data centers by major players in China, India, and Brazil has led to prominent opportunities to the data center interconnect platform market.
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