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Report: SDN, Cloud Use to Drive Data Center Networking Market Growth

Report: SDN, Cloud Use to Drive Data Center Networking Market Growth - top government contractors - best government contracting event
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data centerMarketsandMarkets predicts the data center networking market’s value will hit $21.85 billion by 2018 and have a compound annual growth rate of 11.8 percent over the next four years.

The growing use of software-based networking and cloud computing technology is projected to drive growth in the DCN sector, MarketsandMarkets said Wednesday.

Cisco, Hewlett Packard, IBM, Juniper Networks, Brocade, Alcatel-Lucent and Hitachi Data Systems are among the major industry players cited in the report.

The market research firm forecasts that North America will be the biggest market for DCN product offerings through 2018, while the Asia-Pacific will have the highest DCN spending in the coming years.

MarketsandMarkets’ report also offers an analysis of trends in networking products, security equipment, end-user environment and vertical segments.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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