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Data Center Rack & Enclosure Market | How will the industry grow from the hardware segment?

SELBYVILLE, Del.- According to the latest report by Global Market Insights, Inc., the data center rack & enclosure market size is estimated to surpass USD 5 billion by 2024. Increase in adoption of cloud computing and IOT technologies among enterprises and large organizations will drive data center rack & enclosure market outlook. Surging number of enterprises has led to a rise in the proportion of hyperscale data centers consisting of largely integrated networking and data storage solutions and components.

These components such as routers, switches, and other networking equipment are required to be properly arranged in racks and enclosures for safe, secure and enhanced operations related to troubleshooting and network upgradations, thus fostering the demand for data center racks & enclosures.

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Growing inclinations toward digitalization coupled with consistent expansion of the enterprises will drive the data center rack & enclosure market growth. Rapid proliferation of new technologies such as cloud based solutions and virtualization attributed to the advanced data processing capabilities and high-performance computing demand will require the expansion of the existing data center infrastructure.

The growing penetration of internet services will generate loads of data, leading to increasing investments in the construction and modernization of new data center facilities, which would eventually encourage product consumption over the coming years.

The hardware segment dominated the overall data center rack & enclosure market in 2017. The growth is credited to increasing demand for high-quality network infrastructure across various digitalized domains such as BFSI, healthcare, manufacturing, IT & telecom and government. The mega data center facilities have been experiencing the need of effective design of the racks and enclosures for proper airflow management and efficient cooling of the components.

Newly developed products come properly deployed with doors, blank panels, thermal seals, plinth, and air corridors for improving air ventilation, thus reducing the chances of equipment failure due to overheating which can lead to financial losses. Rising need for innovative solutions to address the equipment heat and cable complexity in mega or hyperscale facilities will promote product adoption, stimulating the data center rack & enclosure market demand.

Pertaining to growing requirements for enhanced cooling solutions, the hardware segment held over 80% of the data center rack & enclosure market share in 2018 and is projected to continue its supremacy through 2025.

The IT & telecom sector revolves around the conceptualization of data center racks since it completely dependent on data storage and networking solutions. Incorporation of IoT technologies for various processes in the IT & telecom sector will fuel high demand for data storage systems. Enormous amount of data consistently generated and transmitted over the web will promote the deployment of new data center facilities over the forthcoming years.

The data center rack & enclosure market is thus anticipated to witness significant gains from the IT & telecom applications owing to increasing adoption of IoT for various processes in the IT & telecom sector.

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Europe held over 28% of the global data center rack & enclosure market share in 2017, owing to growing expansion of data centers. Escalating demand for networking and data storage solutions has prompted the companies to deploy several innovative facilities which has been fueling the product demand.

Technological advancements in rack manufacturing to enable sophisticated connectivity and proper air flow along with the development of high security enclosures have revolutionized the regional outlook.

Table of Contents (ToC) of the report:

Chapter 5.   Data Center Rack & Enclosure Market, By Application

5.1.  Key trends by application

5.2.  BFSI

5.2.1. Market estimates and forecast, 2013 – 2024

5.2.2. Market estimates and forecast, by region, 2013 – 2024

5.3.  Colocation

5.3.1. 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. 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

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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