Cloud and Data Center Networks Market to See 14.9% Annual Growth Through 2022

May 24, 2018

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.

Research Highlights

• 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.

Editors/reporters requesting analyst interviews should contact steven.cumming@bccresearch.com.

Cloud and Data Center Network Technologies: Global Market Through 2022( IFT103A )
Publish Date: Mar 2018    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.