Global Data Center Switch market will touch $17.7 billion by 2023, growing at a CAGR of 4.9% during the forecast period (2017-2023), as per a new report by KBV Research.
The rising demand for simplified data center management, automation, cloud services, internet multimedia content and web applications, is driving the growth of Data Center Switch (DCS) market worldwide.
Based on bandwidth, the report segmented the market into three categories:
- >1 Gbps to <10 Gbps
- >10 Gbps to <40 Gbps
- >40 Gbps
The Data Center Switches are of two types- Core Switches and Access Switches. The Access switches held the largest market share in 2016, and will continue its dominance till 2023.
Core switches will grow at a CAGR of 5.3% during the forecast period.
- By region
As per the report, the North America held the maximum share in ‘>1 Gbps to <10 Gbps’ DCS market in 2016, and is expected to dominate the market till 2023, showing a CAGR of 3.7% during the forecast period.
In >10 Gbps to <40 Gbps DCS market, Europe will grow at a CAGR of 4.5% during the forecast period. While APAC region will witness a CAGR of 6.4% in >40 Gbps DCS market.
- By technology
Based on technology, the report segmented the market into Ethernet, Fibre Channel, and InfiniBand. In 2016, the Ethernet technology dominated the market, and is expected to continue its dominance till 2023.
Fibre Channel market will grow at a CAGR of 5.3% during the forecast period. While InfiniBand market will reach $3034 million by 2023.
Also read: Automation-as-a-service market expected to touch $7 billion by 2023
KBV Research considered a number of major strategic development factors like M&A, product launches, and partnerships, to elaborate profiles of several companies. The report revealed that Cisco, Huawei, and HPE dominated the Data Center Switch market.
For full report, visit: https://kbvresearch.com/data-center-switch-market/
