Global Partner and Interconnect Management Market Size, Share And Growth Analysis For 2024-2033

LANDON, GREATER LANDON, UK, June 24, 2024 /EINPresswire.com/ -- The global partner and interconnect management market is projected to grow from $1.26 billion in 2023 to $1.44 billion in 2024, at a CAGR of 14.6%. Despite challenges, the market is anticipated to reach $2.47 billion by 2028, driven by the increasing demand for global connectivity and strategic initiatives by market players.

Rising Adoption of Cloud-Based Services Drives Market Growth
The rising adoption of cloud-based services is a significant factor contributing to the growth of the partner and interconnect management market. Cloud-based services refer to computing services such as storage, applications, and processing power that are delivered to users over the internet from remote servers maintained by a third-party provider. Partner and interconnect management help optimize costs associated with cloud-based services by negotiating favorable terms, minimizing redundant services, and optimizing resource utilization across different providers. For instance, in December 2023, according to the European Commission, approximately 42.5% of EU enterprises procured cloud computing services in 2023, marking a 4.2% increase in the share of enterprises purchasing cloud computing services compared to 2021. Therefore, the rising adoption of cloud-based services is driving the growth of the partner and interconnect management market.

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Key Players and Market Trends
Key players such as Huawei Technologies, Cisco Systems, and Oracle Corporation focus on technological advancements to enhance their product offerings. In a strategic move, ZINFI Technologies Inc. launched a hyper-personalized partner journey platform in November 2023, representing a unique advancement in partner relationship management.
In a significant development, the newly introduced partner journey platform by ZINFI revolutionizes how enterprises interact with their partner ecosystems from the outset, encompassing everything from initial onboarding and empowerment to collaborative marketing and sales efforts and beyond. This innovative platform offers seamless integration of diverse partner management workflows, ensuring a unified and customized experience for each partner.

Segments:
The partner and interconnect management market covered in this report is segmented –
1) By Offering: Solution, Services
2) By Operating System: Windows, Linux
3) By Agreement: BI-Lateral Agreement, UNI-Lateral Agreement
4) By Deployment: Cloud, On-Premises

Geographical Insights: Asia-Pacific Leading the Market
Asia-Pacific was the largest region in the partner and interconnect management market in 2023 and is expected to be the fastest-growing region. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.

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Partner And Interconnect Management Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Partner And Interconnect Management Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on partner and interconnect management market size, partner and interconnect management market drivers and trends, partner and interconnect management market major players, competitors' revenues, market positioning, and market growth across geographies. The partner and interconnect management market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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