According to the research report titled ‘Data Center Networking Market Size By Component (Solution [Ethernet Switches, Routers, Servers, (ADC) Application Delivery Controller], Service [Professional, Managed]), By Application (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, data center networking market is expected to record strong y-o-y growth rate during the forecast period 2021-2027.
 

High demand from a variety of industries such as healthcare, manufacturing, IT & telecom, energy, colocation, and BFSI is projected to drive data center networking market over the forecast timeframe. Increasing transition to cloud-based solutions, burgeoning organizational data traffic, and developing broadband and internet infrastructure are further enhancing the industry outlook.
 

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For the unversed, data center networking is the process of establishing and integrating the entire stack of physical and network-based equipment. Modern data center networking's main purpose is to handle many data center inhabitants with a variety of workloads.
 

Data center networks comprise various technologies and components such as those related with internet connectivity (optical, wireless, DSL, and satellite), network security (IDS, firewalls, and encryption algorithms/security protocols) and network addressing schemes (IP V6 or IP V4), and interface cabling and networking equipment (modems, switches, and routers).
 

Based on components, ADC (application delivery controller), servers, routers, ethernet switches, and others make up the solution segment of global data center networking industry. Ethernet switches category will see strong demand in future years. In fact, high-density 100G ethernet switches that provide great performance and low latency for data centre networks will be in high demand.
 

Elaborating on ethernet switch, it allows each connected device to communicate with others more effectively. Data centre networks now utilize some of the most modern ethernet switches and switch features available due to high network performance requirements imposed by setting multiple crucial servers in the same room.
 

In terms of application, the industry is divided into IT & telecom, manufacturing, healthcare, government, energy, BFSI, colocation, and other applications. Over the forecast period, BFSI segment will experience enormous growth fueled by increasing modernization of BFSI industry with adoption of digitalization solutions boosting the demand for data center networking solutions for data traffic management.
 

On the regional front, global data center networking market size spans across North America, MEA, Asia Pacific, South America, and Europe. Among these, North America market is expected to reap significant financial benefits owing to presence of developed manufacturing sector in the region which is continually adopting advanced digital technologies like AI and IoT.
 

Considering the competitive landscape, Microsoft Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc., Dell Inc., Fujitsu Limited, Hewlett-Packard Enterprise, and IBM Corporation are the major companies influencing the market dynamics.