Data Center Rack & Enclosure Market Size and Growth Analysis by 2024 – Top Key Players are Dell, Eaton, Fujitsu Global, Hewlett Packard Enterprise, IBM, Legrand, Oracle, Panduit, Pentair, Schneider Electric, Amazon, AT&T, Google, JPMorgan Chase & Co., M

Data Center Rack & Enclosure Market is anticipated to surpass USD 5 billion by 2024. This growth can be credited to the rise in the adoption of cloud computing and IoT technology. The growing need and requirement for IoT technology in networking and connectivity include big data generation, transmission, and storage, which require mega or hyperscale data centers. The networking components and solutions need to be placed and located in proper racks and should be safe and secured from external disturbances such as water sources and electrical effects. To secure the infrastructure from the external effects, they are protected by placing in the cabinets. These cabinets provide several advantages such as security, wiring, cable managing, and stability, thereby driving the demand for the data center rack & enclosure market.

Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/2599

Key players operating in the data center rack & enclosure market include Dell, Eaton, Fujitsu Global, Hewlett Packard Enterprise, IBM, Legrand, Oracle, Panduit, Pentair, Schneider Electric, Amazon, AT&T, Berkshire Hathaway, Equinix, Facebook, Google, JPMorgan Chase & Co., Microsoft, SAP, Telefónica, Unisys and Verizon.

In the data center rack & enclosure market, hardware solutions accounted for the majority of the industry share. 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.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2599

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. As network connections are spread out across a large geographical and virtual space, the demand for cabinets will witness an exponential rise, driving the data center rack & enclosure market growth.

South America data center rack & enclosure market is anticipated to witness a substantial CAGR of nearly 9% over the coming years. The rising trend toward the adoption of the data centers across South America is aiding in the strong overall growth of the industry. There are around 88 colocation facilities in several prime locations across the region. In the recent year, the region has experienced a spike in the colocation infrastructure construction with the major portion of the industry dominated by Brazil. This high demand is largely due to the high benefits that it provides such as cost savings, better connectivity, and improved compatibility with the business.

Browse Complete Report: https://www.gminsights.com/industry-analysis/data-center-rack-and-enclosure-market

Moreover, the telecommunication sector is boosting the overall data center rack & enclosure market in South America. The region is witnessing rising internet consumer base, thereby fueling the demand for enhanced data storage facilities. Several companies are constructing new facilities to cater to a large consumer base. For instance, in 2013, IBM announced the launch of a new facility in Chile that is designed for infrastructure solutions and services including cloud computing and big data analytics.

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

This release was published on openPR.