Information and Technology

The global data center interconnect market is anticipated to surpass a valuation of USD 6.5 billion, attaining a CAGR of 11% during the forecast period (2017-2023), Market Research Future (MRFR) unveils in a detailed report. The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created. Segmental Analysis By type, the data center interconnect market is segmented into service, hardware, and software. Of these, the services segment is predicted to gain prominence. The segment is further classified into managed service and professional service, which aids in maximizing the network performance and uptime, reduces capital and operational costs and minimizes operational risk. Such benefits are likely to propel the market in the service segment. By application, the data center interconnect market is segmented into real-time disas...

Market Research Future (MRFR) expects the global data center interconnect market to touch a valuation of close to USD 6.5 billion by 2023. The market can also achieve a growth rate of 11% during the forecast period (2017-2023). The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created. Primary Drivers and Key Barriers The global data center interconnect market is growing on the back of rising demand for connectivity. Urban population across the globe is expanding significantly, with urban areas turning into prominent hubs for business activities. This is leading to technological advancements along with surge in connectivity, which has brought about an increase in the demand for robust communication networks. Consequently, a number of tech companies are now striving to expand data centers that can store and process mas...