Global Data Center Rack Market – Growth, Trends, And Forecast (2019 – 2024)
The report presents an in-depth assessment of the Global Data Center Rack including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Data Center Rack investments from 2019 till 2024.
The data center racks market was valued at USD 4044.8 million in 2019, and it is expected to reach a value of USD 6302.2 billion by 2024, at a CAGR of 7.9% during the forecast period (2019 – 2024).
The Global Data Center Rack market is highly competitive and consists of a number of major players. Companies, like Rack Manufacturers, Kendall Howard LLC, Belkin International, Inc., Martin International Enclosures, Black Box Corporation, Rittal GmbH & Co. KG, Tripp Lite, Cheval Electronic Enclosure Co. Ltd, Belden Inc., Chatsworth Products Inc., Panduit Corp., Great Lakes Case & Cabinet Co. Inc., ELMA Electronics, Inc., Integrated Solution Poviders, Vertiv Group Corporation, Eaton Corporation PLC, Hewlett Packard Enterprise, Dell EMC, Schneider Electric SE, Fujitsu Corporation, Oracle Corporation, Legrand SA among others.
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Scope of the Report:
A data center rack is a type of physical steel and electronic framework that is designed to house servers, networking devices, cables, and other data center computing equipment. Data center racks are deployed, primarily for infrastructure management in data centers. These are being used in the manufacturing, retail, BFSI, IT and telecom industry.
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Key Market Trends:
IT & Telecom Sector Expected to Hold a Significant Share
– IT and Telecom is the most significant segment for this market. The IT infrastructure requirement is the highest for this segment. Colocation providers, who are a major adopter of data center racks, are also considered under the scope of the study under the IT & Telecom sector.
– The amount of data that is being stored and processed by this segment is huge. The advent of mobile data and subscriptions and their rapid usage has proliferated the growth of data traffic and hence data centers. With the introduction of 5G and Cloud, the demand is expected to increase exponentially. Major companies are investing in new infrastructure to meet the additional requirements. Companies, like American Tower, bought its first data centers in April 2019 through the acquisition of Colo Atl.
– Other regions like Singapore also witnessed a rapid expansion in April 2019. The data center, colocation, and interconnection provider, Digital Realty commenced the construction of its third data center facility in Singapore. The facility will be capable of supporting up to 50 megawatts (MW) of IT capacity. The new facility will span a gross floor area of 34,000 sq. meter.
– Moreover, with the number of colocation providers growing significantly, and expanding in remote locations, it is expected that the demand for integrated data center racks is expected to witness significant growth during the forecast period.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Data Center Rack Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
Finally, Global Data Center Rack Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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