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Data Center Networking Market Revenue to Record USD 38.33 Billion by 2030, Exhibiting a Robust CAGR of 7.53%, With North America Leading the Market as Widespread Application of 5G Technology Rises, Projects Kings Research

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DUBAI, UAE, Feb. 12, 2024 /PRNewswire/ — According to the recent report published by Kings Research, the global Data Center Networking Market was valued at USD 21.43 billion in 2022 and is projected to reach USD 38.33 billion by 2030, growing at a CAGR of 7.53% from 2023 to 2030. The surge in data center virtualization and the uptake of advanced data center operating models are pivotal driving factors propelling the rapid growth of the data center networking industry. The market’s expansion is primarily steered by the need for real-time user interaction and the optimization of on-demand services in diverse organizations. Furthermore, the burgeoning utilization of cloud services across various industries necessitates the expansion of data center networks.

Data center networking is the intricate orchestration of network resources within a data center setting. It entails the intricate interconnection of various network components, including routers, switches, firewalls, load balancers, and storage systems, to establish a robust and expandable network framework within the data center. Data center networking plays a pivotal role in facilitating the seamless flow of data and communication among servers, storage systems, and other critical data center assets. Its significance extends to bolstering the performance of data-intensive applications, ensuring uninterrupted operation, and facilitating the smooth functioning of IT services. Within this framework, data center switches assume a central role, diligently forwarding network data packets and fostering connectivity among devices within the data center.

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Competitive Landscape

Leading companies in the data center networking market are employing various strategic approaches, including partnerships, mergers, product innovations, and joint ventures, to broaden their product offerings and enhance their market presence in various regions.

In March 2023, Edgecore introduced the DCS520, a high-capacity 400G switch designed for cutting-edge data center network architectures, catering to the demands of cloud computing environments and next-generation data centers while enhancing core network infrastructure.

Major players profiled in the global data center networking market include:

Cisco Systems, Inc.Dell Inc.Edgecore Networks CorporationGoogle LLCHewlett Packard Enterprise Development LPHoneywell International Inc.Huawei Technologies Co. Ltd.Juniper Networks, Inc.Microsoft CorporationIBM

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Trending Now: Data Center Networking: CtrlS and NT Collaborate to Build Thailand’s Hyperscale Data Center Campus

In August 2023, CtrlS Datacenters Ltd and National Telecom Public Company (NT) announced a strategic collaboration to build a hyperscale data center campus in Thailand. The campus, which will be located in the Eastern Economic Corridor (EEC) in Chonburi, will have a design capacity of up to 150 MW.

As part of the collaboration, NT will provide data center networking services for the campus. This includes Internet connectivity, wide area network (WAN) connectivity, local area network (LAN) connectivity, cloud networking, and security services.

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Rising Telecom Subscribers End Users to Bolster Market Growth

Based on end-user, the data center networking market is segmented into IT & telecom, BFSI, retail, healthcare, public sector & utilities, manufacturing, energy, and others.

The IT and te­lecommunications sector accounted forthe largest market share in 2022. This segme­ntal growth is due to factors such as a rise in tele­com subscribers and the widespre­ad use of smartphones, which generate more data and increase­ demand for data center ne­twork solutions. The adoption of virtualization, cloud computing technology, and efficient storage systems also drives demand for data ce­nter networks and storage devices, further contributing to market growth.

Growing Adoption of Energy-efficie­nt Data Center Networking Services to Augment Data Center Networking Market Progress

Based on component, the data center networking market is segmented into hardware, software, and services. The se­rvice segment is expected to hold a sizeable share of the global market by 2030, driven by the widespre­ad adoption of energy-efficie­nt data center networking solutions. These solutions offer centralize­d control, flexibility, and scalability, ultimately boosting system capacity.

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Rising Demand for High-Speed Internet to Drive Data Center Networking Market Growth

The increasing user demand for high-speed Internet stands as a powerful driving force behind the growth of data center networks. This surge in the need for high-speed Internet is spurring the expansion of data center networks and the imperative for streamlined data transmission. As users increasingly anticipate swift data accessibility, seamless streaming services, and real-time applications, the demand for robust and efficient data center networks to handle heightened traffic intensifies. The emergence of cloud services rooted in data centers further fuels the need for high-speed Internet and data center services. In response to this ever-increasing requirement for swifter and more dependable connections, companies and network operators are prioritizing the provision of high-speed Internet, propelling the growth of the data center networking industry.

Widespread Applications of 5G Technology in North America to Boost Market Expansion

North America is anticipated to retain its dominance in the global data center networking market. This is due to the widespread use of software-de­fined networks and 5G technology, which has led to an increased demand for data ce­nters. Additionally, the adoption of cloud computing, virtualization, and storage syste­m services has also influenced the demand for data cente­r networking in this region. Within North America, the United States specifically has experienced significant growth.

As data se­curity gains importance, North American data cente­rs are required to adhere to strict regulations and implement robust security measures to safeguard sensitive information. The region’s focus on connectivity, security, and infrastructure­ also makes it a vital area for companies looking to establish their data center ope­rations, driving market growth.

For more information on the report, visit: https://www.kingsresearch.com/data-center-networking-market-234

Key Points from TOC:

1 Introduction of the Global Data Center Networking Market 
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions

2 Executive Summary

3 Research Methodology
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach

4 Global Data Center Networking Market Outlook
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis

5 Impact of Russia-Ukraine War

6 Global Data Center Networking Market, By Component

7 Global Data Center Networking Market, By End-User

8 Global Data Center Networking Market, By Geography

9 North America 

10 Europe 

11 Asia Pacific 

12 Middle East & Africa 

13 Latin America 

14 Global Data Center Networking Market Competitive Landscape
14.1 Overview
14.2 Key Developments
14.3 Key Strategic Developments
14.4 Company Market Ranking
14.5 Regional Footprint
14.6 Industry Footprint

15 Company Profiles
15.1 Cisco Systems, Inc.
15.1.1 Key Facts
15.1.2 Financial Overview
15.1.3 Type Benchmarking
15.1.4 Recent Developments
15.1.5 Winning Imperatives
15.1.6 Current Focus & Strategies
15.1.7 Threat from competition
15.1.8 SWOT Analysis
15.2 Dell Inc. 
15.2.1 Key Facts
15.2.2 Financial Overview
15.2.3 Type Benchmarking
15.2.4 Recent Developments
15.2.5 Winning Imperatives
15.2.6 Current Focus & Strategies
15.2.7 Threat from competition
15.2.8 SWOT Analysis
15.3 Edgecore Networks Corporation
15.3.1 Key Facts
15.3.2 Financial Overview
15.3.3 Type Benchmarking
15.3.4 Recent Developments
15.3.5 Winning Imperatives
15.3.6 Current Focus & Strategies
15.3.7 Threat from competition
15.3.8 SWOT Analysis
15.4 Google LLC
15.4.1 Key Facts
15.4.2 Financial Overview
15.4.3 Type Benchmarking
15.4.4 Recent Developments
15.4.5 Winning Imperatives
15.4.6 Current Focus & Strategies
15.4.7 Threat from competition
15.4.8 SWOT Analysis
15.5 Hewlett Packard Enterprise Development LP
15.5.1 Key Facts
15.5.2 Financial Overview
15.5.3 Type Benchmarking
15.5.4 Recent Developments
15.5.5 Winning Imperatives

Continued…………

Browse Complete TOC: https://www.kingsresearch.com/toc/data-center-networking-market-234

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About Us:

Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.

Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.

Contact Us

Kings Research
Phone: (+1) 888 328 2189
E-mail: business@kingsresearch.com
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Technology

MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM AND QUARTERLY DIVIDEND OF $0.36 PER SHARE

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10 minutes ago

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April 23, 2026

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HONOLULU, April 23, 2026 /PRNewswire/ — The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to its existing share repurchase program and extending the program to December 31, 2029.  As of April 23, 2026, the existing share repurchase program had approximately 0.7 million shares remaining.  The Board also declared a second quarter dividend of $0.36 per common share.  The dividend will be paid on June 4, 2026 to all shareholders of record as of the close of business on May 7, 2026.

“We are pleased to announce an additional three million shares to our existing share repurchase program,” said Matt Cox, Matson’s Chairman and Chief Executive Officer.  “Since we commenced our share repurchase program in August 2021, we have repurchased approximately 14.3 million shares, or approximately 33% of the then outstanding shares, for a total cost of $1.3 billion.  Going forward, we will continue to be both disciplined and opportunistic in our capital allocation, and we remain committed to returning excess cash to shareholders to create additional shareholder value over the long-term.” 

Shares will be repurchased in the open market from time to time at the Company’s discretion, based on ongoing assessments of the capital needs of the business, the market price of its common shares and general market conditions.  The Company may enter into Rule 10b5-1 plans to facilitate purchases under the program.  The repurchase program may be suspended or discontinued at any time.

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.  Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia.  The Company’s fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson’s transportation network throughout North America and Asia.  Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.  Additional information about the Company is available at www.matson.com.

Forward Looking Statements

Statements in this news release that are not historical facts are “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to, statements about capital allocation plans, the timing, manner and volume of repurchases of common shares pursuant to the repurchase program, and use of excess cash.  These forward-looking statements are not guarantees of future performance.  This release should be read in conjunction with our Annual Report on Form 10-K and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release.  We do not undertake any obligation to update our forward-looking statements.

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SOURCE Matson, Inc.

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Technology

Accord Specialty Pharmacy Named Finalist in MMIT’s 11th Annual Retail Specialty Pharmacy Patient Choice Awards

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1 hour ago

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April 23, 2026

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ORLANDO, Fla., April 23, 2026 /PRNewswire/ — Accord Specialty Pharmacy, an independent specialty pharmacy serving patients across multiple states, has been named a finalist in the MMIT Patient Choice Awards, a recognition based on patient-reported satisfaction and experience.

Accord was selected as the only independent pharmacy among finalists in its category, alongside national pharmacy organizations such as Walgreens Specialty Pharmacy and Walmart Specialty Pharmacy. This distinction highlights the company’s commitment to delivering personalized, high-touch care for patients managing complex and chronic conditions.

The MMIT Patient Choice Awards recognize specialty pharmacies that demonstrate excellence in patient satisfaction, service quality, and overall care experience. Finalists are determined based on direct patient feedback, making the recognition a meaningful reflection of the trust patients place in their pharmacy providers.

“Being recognized alongside national organizations and as the only independent finalist validates our belief that personalized, patient-centered care drives better outcomes. We are building a model that combines clinical depth, national reach, and operational flexibility to better serve patients, providers, and partners.” said AJ Patel, Founder and Pharmacy Manager of Accord Specialty Pharmacy.

Accord Specialty Pharmacy supports patients across complex specialty categories, including oncology, rare disease, and infusion, through a clinically driven, high-touch care model designed to improve access, adherence, and outcomes. The company’s approach emphasizes personalized support, responsive care coordination, and strong clinical engagement to help patients navigate complex therapies more effectively. With a growing national footprint and multi-state licensure, Accord is positioned to support patients, providers, and partners across diverse markets.

For more information, visit MMIT Announces Finalists of the 11th Specialty Pharmacy Patient Choice Awards – MMITNetwork.

About Accord Specialty Pharmacy:

Accord Specialty Pharmacy is an ACHC-accredited, multi-state licensed independent specialty pharmacy located in Central Florida, dedicated to delivering high-quality, patient-centered care for individuals managing complex and chronic conditions. Through personalized support, clinical expertise, and a high-touch approach, Accord helps patients navigate every step of their treatment journey. Learn more at www.accordspecialty.com.

CONTACT: contact@accordspecialty.com

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SOURCE Accord Specialty

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Technology

HAIVISION ANNOUNCES VOTING RESULTS FROM 2026 ANNUAL MEETING OF SHAREHOLDERS

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1 hour ago

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April 23, 2026

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MONTRÉAL, April 23, 2026 /CNW/ – Haivision Systems Inc. (“Haivision” or the “Company”) (TSX: HAI) is pleased to announce the voting results from its annual meeting of shareholders held today in a virtual format.

A total of approximately 45.97 % of the issued and outstanding common shares of Haivision were represented at the meeting.

Election of Directors

Each of the six nominated directors of Haivision was elected as director of the Company with the following results:

Director

Votes
For

% Votes
For

Votes
Against

% Votes
Against

Miroslav Wicha

11,110,245

99.26 %

82,583

0.74 %

Harvey Bienenstock

11,155,137

99.66 %

37,691

0.34 %

Robin M. Rush

11,121,855

99.37 %

70,973

0.63 %

Neil Hindle

10,794,005

96.44 %

398,823

3.56 %

Julie Tremblay

10,941,969

97.76 %

250,859

2.24 %

Lee K. Levy II

9,084,418

81.16 %

2,108,410

18.84 %

2.   Appointment of Auditors

Deloitte LLP were reappointed auditors of the Company for the ensuing year with 12,492,582 (98.84%) votes cast in favour and 146,406 (1.16%) votes withheld.

3.   Approval of the Unallocated Awards under the Company’s Equity Incentive Plan

The Company’s unallocated awards were approved with 8,710,347 (77.82%) votes cast in favour and 2,482,481 (22.18%) votes cast against.

4.   Reapproval of Company’s Shareholder Rights Plan

The Company’s shareholder rights plan was approved with 10,572,490 (94.46%) votes cast in favour and 620,338 (5.54%) votes cast against.

Final voting results on all matters voted on at the meeting will be filed under Haivision’s profile on SEDAR+ at www.sedarplus.ca.

About Haivision

Haivision is a leading global provider of mission-critical, real-time video streaming and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. Learn more at haivision.com.

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SOURCE Haivision Systems Inc.

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