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The global Data Center Interconnect market size was USD 8.39 Billion in 2022 and is expected to reach USD 24.96 Billion in 2032, and register a revenue CAGR of 12% during the forecast period. Rising demand for high-speed data transfer and connectivity, as well as increasing requirement for data centre consolidation and Cloud Computing, are major factors driving market revenue growth.
Data centre consolidation has grown more crucial as businesses continue to rely on Digital data storage and management. Data center interconnect solutions have become more popular as a result, making it easier for data to be transferred between data centers that are spread out geographically. These platforms provide a centralized administration framework for data centers, which drives operational effectiveness and lowers costs for companies.
Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/7298Revenue growth of the market of Data Center Interconnect has also been driven by rising popularity of cloud computing. High-speed connectivity and dependable data transfer across many data centers are necessary for cloud computing services. Platforms for data centre interconnection give cloud computing providers the infrastructure they need to give their clients scalable, safe, and effective services. More sophisticated data centre connection platforms are also required due to rising need for high-speed data transfer and networking. These platforms provide high-speed data transfer rates and low latency for applications such as real-time data analytics, video streaming, and online gaming, .
Rising demand for disaster recovery and business continuity solutions is another factor driving revenue growth of the market for Data Center Interconnect. Businesses need reliable and effective data center interconnect technologies to guarantee that their crucial data and applications remain available in the case of a disaster or outage.Increasing use of technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) is another factor driving revenue growth of the market. Advanced data centre interconnect platforms can support the high-speed data transfer and low latency requirements of these technologies.
Competitive Landscape:
The global market is further segmented into type and application:
By Component OutlookRegional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
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