Emergen Research
Data Center Interconnect Market Size Worth
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Data Center Interconnect Market Size Worth
- seobeez
The global data center interconnect market size was USD 9.83 Billion in 2022 and is expected to register a revenue CAGR of 14.5% during the forecast period, according to latest analysis by Emergen Research. Rising trend of binge watching on OTT platforms, and shifting consumer preference towards adoption of cloud-based solutions are major factors expected to drive market revenue growth.
High-speed connection is becoming a crucial component for smooth-functioning of any business, especially since the trend of work-from-home policies and integration of cloud-based solutions such as Software-as-a-Service (SaaS) services. Increasing need to improve latency and response times between consumers and data centers, and increasing traffic between data centers due to hybrid IT systems are factors resulting in need to provide connectivity between data centers, thereby driving market revenue growth. Significantly inclining trend of connected devices and interconnection is creating opportunities for many-to-many connection. Because of shorter distances, businesses may lower latency. The overall user experience and cost are both improved by this. As a result, businesses may scale more quickly, which makes it easier to meet their requirements for disaster recovery or business continuity. This is crucial in the multi-cloud era because it enables organizations to connect several data centers without encountering interoperability problems. This is accomplished utilizing open standards-based technology and data center interconnect.
https://www.emergenresearch.com/industry-report/data-center-interconnect-market
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