Data Center Rack & Enclosure Market Exploring Future Growth and Trends by 2024 | Belden Inc., Black Box, Chatsworth Products, Legrand, Panduit, SGI, The Siemon Company, Tripp Lite, Vertiv, Berkshire Hathaway, Equinix, NTT Communications

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.

Request for Sample Copy of This Report @ www.gminsights.com/request-sample/detail/2599

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 user’s specific demands is anticipated to boost demand for the data center rack & enclosure market.

Key Companies - Global Data Center Rack & Enclosure Market: -

1. Belden Inc.
2. Black Box
3. Chatsworth Products
4. Dell
5. Eaton
6. Fujitsu Global
7. Hewlett Packard Enterprise
8. IBM
9. Legrand
10. Oracle
11. Panduit
12. Pentair
13. Preformed Line Products
14. Rittal GmbH & Co. KG
15. Schneider Electric
16. SGI
17. The Siemon Company
18. Tripp Lite
19. Vertiv
20. Amazon
21. AT&T
22. Berkshire Hathaway
23. Equinix
24. Facebook
25. Google
26. JPMorgan Chase & Co.
27. Microsoft
28. NTT Communications
29. Oracle
30. SAP
31. Telefónica
32. Unisys
33. Verizon

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.

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

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. 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.

Browse Complete Table of Content @ https://www.gminsights.com/industry-analysis/data-center-rack-and-enclosure-market

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.

Browse Related Report: - Construction Robot Market Will Grow at a Healthy CAGR by 2024

https://www.marketwatch.com/press-release/construction-robot-market-will-grow-at-a-healthy-cagr-by-2024-2019-02-19

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.