Data Center Rack & Enclosure Market to surpass USD 5 billion by 2024 - PowerPoint PPT Presentation

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Data Center Rack & Enclosure Market to surpass USD 5 billion by 2024

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Request Sample of Report @ The data center rack & enclosure market is anticipated to witness a considerable growth over the coming years owing to the rise in the modernization and construction of new data centers by managed hosting and colocation providers. The market is witnessing an increasing requirement to provide enhanced protection and support to critical IT infrastructure and facilities. To protect the sensitive data, several providers and operators are increasingly investing in safeguarding the equipment. – PowerPoint PPT presentation

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Title: Data Center Rack & Enclosure Market to surpass USD 5 billion by 2024


1
Data Center Rack Enclosure Market By Component,
Application and Region-Forecast, 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Data Center Rack Enclosure
Market
  • Data Center Rack Enclosure Market size was
    valued at over USD 2 billion in 2017, and is set
    to hit USD 5 billion by 2024 according to a new
    research report by Global Market Insights, Inc.
    Data center rack enclosure market will
    experience a substantial growth over the forecast
    timespan owing to the rapid increase in the
    number of data centers globally. The rise in the
    number of enterprises has led to a high demand
    for high-performance facilities that cater to the
    growing needs of businesses.
  • Increasing number of businesses and enterprises
    is replacing traditional paper-based documents
    with digital records to ensure ease-of-operations
    and the protection of critical information. The
    cabinets support the networking and IT equipment,
    such as routers, switches, networks, and
    networking equipment, in a facility. The demand
    for high-quality networking equipment from
    businesses will propel the data center rack
    enclosure market.

3
Continued...
  • Technological advancements and the increasing
    adoption of IoT for various industrial processes
    are supporting growth of the data center rack
    enclosure market. Rapid growth in cloud-based
    solutions, virtualization, enhanced data
    processing capabilities, high-performance
    computing solutions, and the requirement to
    expand the existing infrastructure are the key
    factors generating a high demand for the
    facilities.
  • The enclosures offer advantages such as enhanced
    cable management options, airflow management
    capacities, security, and stability over open
    frame racks. Moreover, factors such as the rise
    in online activities that tend to generate large
    amounts of customer-related information, such as
    financial data, historical preferences, and
    related data, are causing companies to invest in
    the construction and modernization of new
    facilities, thereby driving the data center rack
    enclosure market.

4
Continued...
  • The growing trend of digitalization has led to an
    increasing number of companies switching to such
    facilities for their data storage requirements.
    The growth in the IoT industry has led to a rise
    in the number of connected devices, thereby
    stressing the need for facilities to store the
    mounting volumes of data. Growing colocation,
    edge, modular, and green data center industry
    will provide an impetus to the overall data
    center rack enclosure market.
  • The trend of businesses shifting toward green IT
    and low power consumption systems has been
    witnessed in the industry. Expenses incurred by
    the companies for infrastructure cooling is
    making them focus on adopting high-quality server
    racks to reduce the overall energy consumption.
    The availability of a range of customizable
    enclosures in a variety of dimensions to meet
    users specific demands is anticipated to boost
    demand for the data center rack enclosure
    market.

5
UK data center rack enclosure market, by
application, 2017 2024 (USD Million)

6

Browse Full Market Research Report On Data
Center Rack Enclosure Market _at_
https//bit.ly/2xu019h Request for a Sample
of this Research Report _at_ https//www.gminsights.c
om/request-sample/detail/2599
7
Continued...
  • The hardware segment accounted for over 80 of
    the data center rack enclosure market and will
    experience growth owing to the growing demand for
    high-quality infrastructure from several domains
    such as BFSI, healthcare, government,
    manufacturing, IT telecom, colocation, and
    government. Infrastructural upgrading in the
    facilities and the growing importance for a
    high-density server environment are driving the
    data center rack enclosure market. Moreover,
    increasing efforts directed toward ensuring rack
    level physical security are expected to aid the
    industry growth. Racks equipped with cooling
    systems are gaining significance owing to the
    growing demand for enhanced cooling solutions.
    The infrastructure operators are stressing on
    building sensors and camera-infused rack level
    security systems.
  • The data center rack enclosure market in Asia
    Pacific is projected to experience substantial
    growth and will reach USD 1 billion by 2024 owing
    to the rise in the number of businesses coupled
    with the shifting trend toward digitalization of
    all processes. Rapid urbanization in India,
    growth in the internet penetration, and the
    expanding telecommunication sector will lead to a
    mounting pressure to handle the increasing amount
    of data.

8
Industry Coverage

9
Continued...
  • In addition, the advanced electronics industry of
    Japan will provide strong growth opportunities
    for the Asia Pacific data center rack enclosure
    market. The proliferation of technologies, such
    as AI, IoT, and cloud, in the manufacturing
    sector will further contribute to the demand for
    innovative infrastructure. The data center rack
    enclosure market has some chief global players
    including Hewlett Packard Enterprise, Rittal GmbH
    Co. KG, Schneider Electric, Dell, Eaton
    Corporation, Vertiv Co., and Emerson Electric Co.
    Companies are trying to expand their market
    presence by launching new solutions and acquiring
    businesses to expand the product portfolio.
  • In February 2018, Rittal announced the launch of
    a line of LED lights designed specifically for
    server and network enclosures. Key players
    focusing on the RD of these facilities will
    contribute to the industry growth. Companies
    trying to establish a new and modernized
    infrastructure will provide attractive
    opportunities for the data center rack
    enclosure market. Regulations, such as European
    General Data Protection Regulation, are making
    operators focus on ensuring a robust physical
    security.

10
Table OF Content
Chapter 1. Methodology and Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Definitions forecast
parameters 1.1.4.1. Definitions 1.1.4.2.
Methodology and forecast parameters 1.2. Data
Sources 1.2.1. Secondary 1.2.2. Primary
11
Continued...
Chapter 2. Executive Summary 2.1. Data center
rack enclosure industry 360 synopsis, 2013
2024 2.1.1. Business trends 2.1.2. Component
trends 2.1.2.1. Solution trends 2.1.2.2.
Service trends 2.1.3. Application trends 2.1.4.
Regional trends
12
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