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.
“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.
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Cloud and Data Center Network Technologies: Global Market Through 2022( IFT103A )
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