Data Center Interconnect Market Segmentation:
Type Segment Analysis
The software segment in the data center interconnect market is anticipated to hold a share of 48% during the forecast period. DCI software solutions contribute to the segment's expansion by assisting network operators in ensuring that the right mix of virtualization, security, and DCI-optimized packet technology is used to link data centers. In addition, DCI software solutions assist in resource sharing and balancing when network traffic rises and the need for sufficient bandwidth follows. Network operators can adapt the bandwidth in real-time to changing demand with the use of several features linked to the DCI software. Also, increased launches by various key players are also propelling the growth of the DCI software solutions segment. For instance, rekeying data may be eliminated and data quality can be improved with the help of Hawthorn River, a reputable leader in lending software solutions for community banks, which has successfully launched its real-time interface to DCI's iCore360 platform. Therefore, these factors are propelling the growth of the segment.
End-users Segment Analysis
The communication service Providers segment in the data center interconnect market is anticipated to hold a share of 45% during the forecast period. One important factor influencing the segment's growth is network expansion. CSPs are always expanding their network infrastructure to meet the growing need for dependable and high-quality data transfer. For instance, the Service Provider Network Infrastructure industry is expected to generate USD 143.21 billion in revenue by 2024. Also, as part of this development, data centers will be built or upgraded, and in order to connect them effectively, reliable data center interconnect solutions are needed. CSPs may better service consumers' ever-increasing connectivity needs and stay competitive in the telecoms sector by extending their network footprint and ensuring smooth data access. Therefore, altogether these factors contribute to the expansion of the market.
Our in-depth analysis of the global market includes the following segments:
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