Analysis of the Global Market for Data Center Switches, 2024-2032 - Surging Demand for Energy-Efficient Data Center Switches Propels Market Growth in Response to Heightened Edge Computing ...
Arista Networks, Inc. (ANET)
Last arista networks, inc. earnings: 2/13 04:05 pm
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Source: Yahoo! Finance
User, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global data center switch market reached US$ 16.4 billion in 2023. Looking forward, the market is projected to reach US$ 24.5 billion by 2032, exhibiting a growth rate (CAGR) of 4.56% during 2023-2032. The market is thriving driven by the escalating demand for cloud services, the exponential growth in data volume, rapid technological advancements in switching, increasing focus on energy efficiency in data centers, and the rising adoption of edge computing. I ncreasing demand for cloud services The exponential growth in cloud computing is one of the primary drivers boosting the market growth. In line with this, the increasing reliance of businesses and individuals on cloud services for data storage, software applications, and infrastructure solutions, propelling the demand for efficient and reliable data center infrastructure, is creating a positive outlook for the market growth. Data cent
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