Data is the new oil in today’s fast-paced and technologically advanced world. With the overwhelming need for data, the need for data centers is rising exponentially. Hence, this aspect may serve as an important growth indicator for the global data center switch market across the forecast period of 2019-2029.
A data center switch is usually placed in the server area of a data center. It is an inseparable part of any data center. It assists in connecting multiple devices on the same network. It allows the connected devices to share valuable information and enable communication between the devices. Hence, the functioning of the data center switches helps in increasing the growth rate.
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Data center switches are available in various types such as access switches, distribution switches, and core switches. The prodigious demand for data center switches across the globe may bring phenomenal growth opportunities. The expanding use of data center switches across end-users such as BFSI, manufacturing, IT, telecom, retail, media, entertainment, and others may lay a red carpet of growth across the data center switch market.
Advancements in Cloud Computing to Enhance Growth of Data Center Switch Market
The burgeoning influence of cloud computing in applications across many sectors such as automobile, virtual reality systems, etc may bring tremendous growth for the data center switch market through the forecast period.
5G Network to Influence Growth of Data Center Switch Market
The telecommunication industry is rapidly expanding. Latest networks such as 5G are about to penetrate across diverse regions. This aspect may lead to an increase in data centers. Thus, the increase in data centers is directly proportional to the increase in demand for data center switches. Therefore, this aspect may prove to be a profitable growth generator.
Key players in the data center switch market are Huawei Technologies Co., Ltd., Hewlett Packard Enterprise, and Juniper Networks, Inc.
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