NEW YORK, Aug. 16, 2017 /PRNewswire/ --
The DCI market is expected to grow at a CAGR of 10.04% during
the forecast period
The Data Center Interconnect (DCI) market is expected to reach
USD 6.41 billion by 2023, at a
Compound Annual Growth Rate (CAGR) of 10.04% between 2017 and 2023.
The growth of the market is driven by various factors, such as
increasing focus on reducing high power consumption and bandwidth
requirement in data centers; growing demand for disaster recovery,
data backup, and business continuity solution; and rapid migration
to cloud-based services. However, the high initial investment in
implementing the DCIs hinders the market growth.
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The services segment is expected to witness the highest
growth rate during the forecast period
The market for the services segment is expected to grow at the
highest CAGR between 2017 and 2023. The DCI-related services, such
as professional services (consulting and integration, and training,
support, and maintenance) and managed services, contributed to the
overall high-performance system that enables efficient processes,
intelligent networks, and cross-area optimization, thus resulting
in the high adoption of these services in the DCI market.
Real-time disaster recovery and business continuity
application is expected to witness the largest market size during
the forecast period
The real-time disaster recovery and business continuity application
is expected to hold the largest market size during the forecast
period. DCI enables data transmission between the active and backup
data centers by using 3 interconnection modes: Layer 1 optical
transmission interconnection, Layer 2 interconnection, and Layer 3
IP interconnection. Thus, DCI is widely deployed for the real-time
disaster recovery and business continuity application.
North America is expected to
dominate the DCI market, while Asia
Pacific is expected to grow at the highest rate during the
forecast period
North America held the largest
share of the DCI market in 2016 owing to the presence of major DCI
vendors, and the growing number of data centers in the region. The
market in Asia Pacific (APAC) is
expected to grow at the highest CAGR between 2017 and 2023. The
growth of the data center interconnect market in APAC is driven by
the growing adoption of modern technologies, such as cloud
computing and IoT, which generates a huge amount of data. To handle
this data, a large number of data centers have been deployed in
this region, resulting in high demands for DCIs.
Given below is the breakdown of the profile of the primary
participants in terms of different parameters considered:
- By Company Type: Tier 1 - 25%, Tier 2 - 40%, and Tier 3 -
35%
- By Designation: C-Level Executives - 50%, Directors - 32%, and
Others - 18%
- By Region: North America -
32%, Europe - 30%, APAC - 24%, and
Middle East and Africa - 14%.
Research Coverage
In this report, various segments, such as types, applications, end
users, and geographies, have been covered. It also discusses the
drivers, restraints, opportunities, and challenges pertaining to
the market. The report gives a detailed view of the market across 4
main regions: North America,
Europe, APAC, Rest of the World
(RoW).
Reasons to Buy the Report:
- This report includes the DCI market sizing in terms of value by
type, application, end user, and geography.
- The major drivers, restraints, opportunities, and challenges
for the data center interconnect market have been provided in
detail in this report.
- The report includes illustrative segmentation, analysis, and
forecast for the data center interconnect market based on its
segments and subsegments.
Read the full report:
http://www.reportlinker.com/p05064745/Data-Center-Interconnect-Market-by-Type-Product-Software-Services-Application-Real-Time-Disaster-Recovery-and-Business-Continuity-Workload-VM-and-Data-Storage-Mobility-End-User-and-Geography-Global-Forecast-to.html
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