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Data Center Rack & Enclosure Market in hardware segment to grow at 12% CAGR from 2019 to 2024

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Europe Data Center Rack & Enclosure Market is set to register lucrative gains till 2024 owing to rising demand of the infrastructure for networking and data storage

— In the data center rack & enclosure market, hardware solutions is predicted to exhibit around 12% CAGR between 2019 and 2024. The need for heat and cable management in mega or hyperscale facilities is increasing the demand for effective and efficient cooling systems that require innovative solutions, which will account for the proper airflow management. Corridors in these racks provide a mix of hot and cold air, which secure it from short circuits. The solution to this problem is providing doors, blank panels, thermal seals, and plinth that allow the proper flow of cold air in the systems and equipment.

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Increased customer demand has also stimulated the expansion of data center rack & enclosure market based on rack unit height. To accommodate the growing demand, IT resources are continually looking for space to accommodate expanding physical infrastructure. Since the construction of a new facility can prove to be too expensive, most data centers are looking to accommodate more servers per rack, undergoing vertical expansion and stimulating the demand for 48u racks.

Growing demand for the infrastructure in the IT & telecom sector is driving the data center rack & enclosure market. The need to store a large amount of data generated and transmitted is creating a high demand and requirement for the storage centers. The storage systems vary in size depending on the workflow and data storage in the industry. With increasing adoption of IoT for various processes in the IT & telecom sector, the data center rack & enclosure market is anticipated to witness a high growth. IoT deployments will generate large amounts of data that need to be processed and analyzed in real time.

Innovations in technology have taken place at an unparalleled speed, boosting the data center rack & enclosure market in accordance with the advancement of critical IT infrastructure. The vertical has emphatically thrived on the growing need for data collection, tracking and storage services provided by data centers. Data center facilities contain networked computers and storage devices that businesses use to organize, store, process and safeguard multi-sourced data. These centers need physical racks with protective enclosures for holding network devices, servers, cables and other equipment that constitute an effective electronic framework.

Browse key industry insights spread across 320 pages with 522 market data tables & 47 figures & charts from the report, “Data Center Rack & Enclosure Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/data-center-rack-and-enclosure-market

In 2017, Europe accounted for over 28% of the data center rack & enclosure market. Growing demand and importance of the infrastructure for networking and data storage in this region has forced the companies to develop several innovative facilities that will benefit the rack providers by generating high availability and providing technological advancements in their offerings, which will best suit the demand of the consumers. Several technological advancements by the manufacturers, such as enhanced cooling system, airflow management, sophisticated connectivity, and high security in data center rack & enclosure market, have revolutionized the industry and requirements of customers.

The requirement for the expansion of the existing infrastructure due to rapid progress of virtualization, adoption of IoT, high performance computing and enhanced data processing capabilities will create widespread opportunities for data center rack and enclosure market players. Powered by the rapidly changing demands of today’s tech-savvy consumers, data center rack and enclosure market size is expected to cross USD 5 billion by 2024.
Some Points From Table Of Content: -

Chapter 5. Data Center Rack & Enclosure Market, By Application
5.1. Key trends by application
5.2. BFSI
5.2.1. Data Center Rack & Enclosure Market estimates and forecast, 2013 - 2024
5.2.2. Data Center Rack & Enclosure Market estimates and forecast, by region, 2013 – 2024
5.3. Colocation
5.3.1. Data Center Rack & Enclosure Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.4. Energy
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by region, 2013 – 2024
5.5. Government
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast, by region, 2013 – 2024
5.6. Healthcare
5.6.1. Market estimates and forecast, 2013 - 2024
5.6.2. Market estimates and forecast, by region, 2013 – 2024
5.7. Manufacturing
5.7.1. Market estimates and forecast, 2013 - 2024
5.7.2. Market estimates and forecast, by region, 2013 – 2024
5.8. IT & Telecom
5.8.1. Market estimates and forecast, 2013 - 2024
5.8.2. Market estimates and forecast, by region, 2013 – 2024
5.9. Others
5.9.1. Market estimates and forecast, 2013 - 2024
5.9.2. Data Center Rack & Enclosure Market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/data-center-rack-and-enclosure-market

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Source URL: https://marketersmedia.com/data-center-rack-enclosure-market-in-hardware-segment-to-grow-at-12-cagr-from-2019-to-2024/88910551

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Release ID: 88910551

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