Data Center Interconnect Market – Overview On Demanding Applications 2030 Overview With rapid modernization and digitalization, enterprises are equipped with techniques that enable them to share data among different data centers. Data center interconnect facilitates the easy access and transfer of data and information across different sectors and departments, thereby, channelizing a smooth flow of data towards achievement of IT and business goals. The Global Data Center Interconnect Market has expected to generate a market value of USD 26.87 billion for the forecast year of 2030. It has further expectations to generate an 14.80% CAGR of market revenue for the forecast period of 2022 to 2030 Organizations are endeavoring to virtualize their data centers for enhanced efficiency and reducing cost. Also, data center interconnect allows the connection between data centers and cloud services for enriched experience through applications, such as, disaster recovery and business continuity. This growing inclination towards cloud infrastructure is propelling the growth of the market. Expanding demand for disaster recovery solution, data backup, increased utilization of analyzable data, and, rapid migration to cloud-based services are some of the factors supporting the growth of the market. However, certain restraints exist such as requirement of high initial investment, which is hampering the adoption of data center interconnect. Market Segmentation: By type, the market is segmented into service, software, and product. The service segment accounts for the maximum share of the market. By application, the market is segmented into workload & data mobility, real time disaster recovery and business continuity. By end user, the market is segmented into enterprise, CSPs, ICPs, and government. Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4144