Fabric computing creates computing fabric, which contains interconnected codes that appear like a fabric. These fabrics contain different nodes and links that help solving huge computing problems. Continually growing business demands are putting additional pressure on the existing technologies. This is also resulting into technological advancements and growth in the availability of the resources for easy access. This is also one of the major reasons for the increasing dependency on information technology. Most of the present day organizations are looking for agile, effective and inexpensive infrastructures for their businesses. Shrinking IT budgets and constantly evolving technology are expected to be the vital drivers for the global data center fabric market.
Driving Factors for Fabric Computing Market
The global data center fabric market is strongly driven by three basic factors, which include rising electricity costs, demand for big data storage and growth in the rate of adoption for cloud computing. These three factors basically sum up the upward growth of the global market. Growth in the global IT infrastructure also plays significant role in the growing adoption of the fabric market. Overall progress of the industrial areas across different geographic regions and emerging markets also play a significant role in the growth and adoption of data center fabric. Growing size of the big data is a crucial factor why most of the companies from around the world are looking for affordable and easy to use solutions.
Segmentation
The global data center fabric market is segmented on the basis of the types of solutions, industry verticals, environment, and geographic regions. Based on the types of solutions, the industry is segmented into routers, switches, controllers, storage area network, management software, and network security equipment. Environments where these solutions are used include enterprises, cloud service providers and telecommunication providers. Industrial verticals with maximum use of these solutions include BFSI, media and entertainment, high technology, retail, healthcare, education and so on. Based on geography, the fabric computing market is categorized into Europe, North America, Latin America, Middle East and Africa, and Asia Pacific.
Forecasts
According to the latest market research reports, the global market is expected to grow at a CAGR of over 24% from 2014 to 2019. At the projected compound annual growth rate, the industry is expected to reach $15.14 billion by 2019. Currently, in 2014, the market is worth $5.13 billion. The market is thriving with the tremendous leap in demand, lower prices, and growth within the emerging countries. Experts are expecting that the traditional networking infrastructure are about to be replaced by the fabric networking and computing.
