The global data center interconnect market size is expected to reach USD 27.42 billion by 2030 according to a new study by Polaris Market Research. The report “Data Center Interconnect Market Share, Size, Trends, Industry Analysis Report, By End-Use (Communication Service Providers, Internet Content Providers/ Carrier-Neutral Providers, Government, Enterprises, Others); By Type; By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Advancements in technology and the rising shift towards cloud-based solutions are driving the market growth during the forecast period. With the proliferation of data and the advancement of Artificial Intelligence (AI) and High-Performance Computing (HPC), the need to connect data center assets quickly, reliably, and cost-effectively is becoming increasingly important. Throughput, simplified operations and maintenance, latency, intelligence, and protection are becoming high priorities for data center vendors. This is one of the primary drivers of DCI technology adoption. This is because they can increase inter-data center bandwidth, low latency, and remove packet loss.
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Further, shared hosting became unproductive as the number of customers and complexity of apps increased. Businesses re-located their applications to dedicated VPS hosting solutions, which were unsuitable for long periods and started to deteriorate users. Business owners were forced to purchase an entire dedicated server. The first challenge they encountered was migrating the application to the new VPS server.
However, businesses quickly realized that the server's high cost was not worth it. The dedicated server demonstrated to be a bad business decision because businesses were earning for the entire server regardless of resource utilization. Businesses were compelled to use cloud-based solutions as a result of this. The process of migrating to the cloud simplifies developing applications that users can access through their browsers rather than downloading individuals to their devices.
Based on the type, the services segment accounted for the leading share in the market. The requirement for services is expected to increase due to benefits such as meeting critical targets and developing skillsets for strengthening organizational planning and control processes in remote locations to manage customers' IT infrastructure/systems of end consumers. The market for professional services is expected to increase substantially during the forecast period due to their benefits, such as remote access to customers' IT facilities and end-user systems, generally on a proactive basis and through a subscription model.
Market players include Huawei Technologies, Ciena Corporation, Cologix, Colt Technology Services Group Limited, ADVA Optical Networking SE, Cisco Systems, Ekinops S.A., Equinix, Extreme Networks, Inc., FUJITSU Ltd, Nokia Corporation, Infinera Corporation, Juniper Networks, Inc., Megaport, and ZTE Corporation are some key players operating in the global market.
Polaris Market Research has segmented the data center interconnect market report based on type, application, end-use, and region:
Data Center Interconnect, Type Outlook (Revenue - USD Million, 2018 - 2030)
Data Center Interconnect, Application Outlook (Revenue - USD Million, 2018 - 2030)
Data Center Interconnect, End-Use Outlook (Revenue - USD Million, 2018 - 2030)
Data Center Interconnect, Regional Outlook (Revenue - USD Million, 2018 - 2030)