Data Center Interconnect Market is Estimated to Grow by 12.83% of CAGR During Forecast Period 2024-2032

Market Highlights

The key players in the global data center interconnect market include- Huawei Technologies Co., Ltd. (China), Ciena Corporation (US), ADVA Optical Networking SE (Germany), Nokia Corporation (Finland), Juniper Networks, Inc. (US), Cisco Systems, Inc. (US), Extreme Networks, Inc. (US), Fujitsu Ltd. (Japan), and Infinera Corporation (US).

The global data center interconnect market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.

The Data Center Interconnect Market is projected to grow from USD 11.22 billion in 2024 to USD 29.5 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.83% during the forecast period (2024 - 2032).

The data center interconnect market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors. The players in the data center interconnect market compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.

Regional Analysis

The global data center interconnect market is expected to grow significantly over the forecast period, 2024-2032. Enterprise segment of data center interconnect market globally drives the market majorly due to increasing demand for better solutions for data recovery. The market is expected to have higher growth rate as compared to the previous years. The global data center interconnect market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Enterprises segments hold a largest share in the North-American region. The reason is attributed to high adoption of modern technologies increases the demand for data centers to manage the high volume of generated data.  Also, organizations are looking for better technologically advanced solutions in this region. Therefore, enterprises segment of data center interconnect market accounted for the largest market share.

Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2024-2032. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to rapid penetration of internet & cloud computing and increasing demand for data recovery across all the organizations.

North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to rapid migration towards cloud based solutions, increasing focus on reducing high power consumption, standard regulation and presence of technical expertise.