Market Drivers Include Requirement for Scale, Dynamic Services and Lower Cost
WELLESLEY, Mass., May 24, 2018 (GLOBE NEWSWIRE) — To manage growing cloud and data center workloads, organizations worldwide are shifting from traditional network equipment and architectures to systems which combine highly dense system components and software controls with dynamic characteristics. This transformation is helping to boost growth in the cloud and data center network technologies market, according to a report by BCC Research.
The global market is expected to see a compound annual growth rate (CAGR) of 14.9% through 2022, when it could be worth $34 billion, according to the report Cloud and Data Center Network Technologies: Global Markets to 2022.
Major players in the market include Arista Networks, Barracuda Networks, Cisco, Datacore Software, Dell, Expedient, Fogo Data Centers, Global Switch, Hewlett-Packard Enterprise, IBM, Juniper Networks, Kemp Technologies, Lenovo, NEC, Oracle, Pure Storage, Rackspace, Red Hat, SanDisk, Seagate, Tintri, Toshiba Storage Products and Violin Memory.
- Growth will be most robust in the Asia-Pacific region, which anticipates a CAGR of 18.1% through 2022. By size, the market will be largest in North America, with an estimated 2022 value of $13.9 billion.
- The transition to modern cloud and data center networking reduces provisioning time, increases network bandwidth and operates at lower costs.
- By technology, the market will be led by software, with a 2022 value estimated at $13.6 billion and a CAGR of 16.0%.
“Fuelled by the twin enablers of enhanced network processors and software-defined networks, cloud and data center networks are on track to provide performance, reliability and cost-efficient breakthroughs over the next five years,” report author Michael Sullivan wrote. “These capabilities answer the need for programmable networks that leverage denser chip sets and distributed infrastructure that operate in converged architectures and software-defined data centers.”
Retail Industry Faces Challenges When Upgrades Are Considered
While cloud and data center networks can be seamlessly integrated into a number of sectors, challenges await those in the retail industry considering an upgrade. Many retailers keep IT spending low and new environments must accommodate large transaction volumes, significant scale and e-commerce traffic utilization. Standardization, the report notes, can help resolve many of those issues and customized platform designs.
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.
CONTACT: Editors/reporters requesting analyst interviews should contact firstname.lastname@example.org.