The global data center fabric market is anticipated to grow at a significant CAGR of 20.3% during the forecast period (2024-2031). The market growth is driven by the increasing demand for big data analytics, cloud computing, and data center virtualization. Additionally, the rising implementation of next-generation IT technologies in enterprises is anticipated to fuel the market growth, to deal with the rising networking demands. The increasing technological advancement, rising applications of complex interactive solutions, rising demand for internet services, and rising computing resources are further propelling the market during the forecast period.
The global data center fabric market is segmented by solutions (storage area network (san), switches, routers, controllers, network security, and management software), by application (Banking, Financial Services, and Insurance (BFSI), media and entertainment, retail, government, education, healthcare, and others), and geography (North America, Europe, Asia-Pacific, and the Rest of the World).
Market Dynamics
The key players in the global data center fabric market are contributing significantly to the market growth by providing different types of products and increasing their geographical presence. The key players in the market include Huawei Technologies Co., Ltd., Cisco Systems, Inc., Oracle Corp., and HP Inc., among others.
Recent Developments
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