Published on : Oct 28, 2020
ResearchMoz.us has announced the addition of a report, titled “Global Data Center Switch Market Research Report 2020”. The report on the Global Data Center Switch Market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. The report added by ResearchMoz.us would is segmented by type, application and region.
On the basis of type, the sub-segments include access switches, core switches, and distribution switches. And, basis application, these are cloud services providers, enterprises, government organizations, and telecommunication industry.
Over the forecast period, the market is set to chart an impressive growth rate, contributing massively to the market valuation. As businesses continue to rely heavily on the data, services, and applications that are handled by these centers, demand stays steady, increasing as new businesses enter the fold.
It is worth noting here that one of the major areas that help the global data center switch market chart higher trajectory is the semiconductor industry. As demand for consumer electronics and wearable smart devices increases notably, demand for semiconductors would increase, helping the semiconductors market chart a higher growth curve.
It is also mention worthy at this point that demand and use of smart computing devices is an upward rise – from utility meter reading to cars connectivity, home security, traffic lights, and assisted living domain. Additionally, use of the related technologies in smart devices such as smart TV and smart phones is also leading to demand for superior networking solutions.
Additionally, growth in cloud computing due to increase in connected devices – from laptops to autonomous vehicles - and edge computing due to need to shift data centers to network are also crucial factors, driving growth in the global data center switch market. As government regulations improve, the growth would only be propelled further in the market.
One of the very important restraints that the market faces, however, is the high energy costs entailed by these centers for their location is largely dependent on the kind of source of energy available. Here it is pertinent to note that energy expense is crucial to be considered while determining location as these form a notable part of the overall expenses.
The global data center switch market is fragmented and the top players that mark its vendor landscape include Cisco, Huawei, HPE, Arista Networks, Juniper Networks, NEC, Lenovo, Mellanox Technologies, Extreme Networks, Fortinet, ZTE, D-Link, Silicom, Quanta Cloud Technology, and Dell.
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Players are highly focused on technological advancement and innovation as that will pave the way for further growth. Other strategies often resorted to in order to stay at the vanguard of the market curve are mergers and acquisition, collaborations based on mutual synergies, and partnerships to combine resources and know-how. Some also eye new markets for expansion, especially high potential regions such as countries in Asia Pacific (APAC) region. Thus, it will not be wrong to say that the more active and aggressive a player would be, the higher would be the market share it carves off.
Region-wise, the report on global data center switch market covers North America, Europe, China, and Japan. It is worth noting here that while North America will dominate the global data center switch market in terms of market share over the forecast period, it will be Asia Pacific that will growth at a tremendous pace, keeping players hooked to the many opportunities the region is set to generate.