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Data Center Networking Market in APAC Region is Expected to Grow Significantly Over 2018 to 2024

Author : Ronak Bora | Published Date : 2019-06-05 

APAC seems to have been depicting a contrasting trend as far as the progress of data center networking market is considered. On one hand, countries like Japan, Singapore and South Korea have been on the technologically advanced path to lead the continent, however, largely nascent markets like Myanmar, Vietnam and Malaysia are yet to progress in the regional sphere. Countries such as India and China though, are now remnant of a higher economy, connected lifestyles, and improved broadband infrastructure, and stand to contribute much to APAC data center networking.

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The data center networking market is gaining traction owing to the rising adoption of cloud deployments. IoT and cloud computing provide significant cost savings to businesses in terms of reduced capital expenditure and maintenance charges. This has led to the need for replacing traditional networking solutions with hardware that have cloud computing capabilities, fueling the industry growth. In June 2017, Telefonica announced the beginning of the construction of a 2.6 MW data center with cloud capabilities in Peru. The increase in such activities is anticipated to drive data center networking market demand in the coming years.

The trends in the data center networking market indicates that IT & Telecom and BFSI sectors are prime adopters of the technology with BFSI sector valued at over USD 2.5 billion in 2017. These enterprises are required to store and access large amounts of data, which need to be accessed in real time. Additionally, financial services firms need reliable and fast connectivity to support latency applications for tasks such as online trading and payment processing. Countries including China and India have become hubs of outsourced services owing to the low costs of resources such as labor, technology, and space. India data center networking market was over USD 450 million in 2017. In the aftermath of the Digital India campaign and the Start-up India Stand Up India initiative, there is a rise in the number of IT industries, which has amplified the demand for these technologies within the country.

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The segmentation of the data center networking market indicates that the services segment is anticipated to witness a significant growth to reach over USD 8 billion by 2024. Organizations are increasingly outsourcing management activities such as consulting, repairing, and maintenance to licensed external players. The increase in the construction and modernization of facilities is contributing to the increase of professional services such as installation and integration. Additionally, various organizations do not understand their network requirements such as the scalability of their infrastructure and, in most cases, undermine or overestimate their network and storage requirements, making consulting in the data center networking market a prime requisite.

The players operating in the data center networking market comprise Brocade Communications, Arista Networks, Cisco Systems, Inc., Delta Electronics, Inc., Dell, Inc., Hewlett-Packard Enterprise, IBM Corporation, and Juniper Networks. As the industry comprises many players, companies are required to undertake strategies like partnerships, mergers and acquisitions, and invest heavily in R&D to sustain continuous growth.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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