Data Center Interconnect Platforms Market - Top Players Review and Rapid Growth by Forecast to 2023
As per the latest report published by Market Research Future (MRFR), the global data center interconnect market will reach a valuation USD 6.5 Bn by 2023, expanding at a CAGR of 11% during the forecast period (2017-2023). Organizations are endeavoring to virtualize their data centers for enhanced efficiency and reducing cost. Also, data center interconnect allows the connection between data centers and cloud services for enriched experience through applications, such as, disaster recovery and business continuity. This growing inclination towards cloud infrastructure is propelling the growth of the market. Expanding demand for disaster recovery solution, data backup, increased utilization of analyzable data, and, rapid migration to cloud-based services are some of the factors supporting the growth of the market. However, certain restraints exist such as requirement of high initial investment, which is hampering the adoption of data center interconnect. Market Segmentation: By type, the...