|03-15-2019 04:27 AM CET - Business, Economy, Finances, Banking & Insurance||
Data Center Rack & Enclosure Market Demand Will be Driven by Growing Deployment of the Infrastructure Across the Several Regions | Key Players Dell, Eaton, Hewlett Packard Enterprise, Fujitsu, IBM, Legrand, Schneider Electric, Vertiv and Emerson Electric
Press release from: Global Market Insights, Inc.
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.
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Growing deployment of the infrastructure across the several regions is driving the demand for the data center rack & enclosure market. The industry is witnessing a growing requirement for cabinets that can hold the electrical equipment and the connecting devices. These facilities are expanding with the growing amount of data generation and storage requirements. To combat this demand, companies operating in the data center rack & enclosure market are developing racks with the maximum height, width, and depth. For instance, Microsoft Corporation developed a custom rack design that consists of 57 rack units and is utilized in housing or holding several components of mega or hyperscale facilities.
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.
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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 Major Key Players in the Market are as follows:
Belden Inc., Black Box, Chatsworth Products, Conteg, Crenlo, Dataracks ,Dell, Delta Power Solutions, Eaton, Fujitsu Global, Hewlett Packard Enterprise, IBM, Legrand, Martin International Enclosures, Oracle, Panduit, Pentair, Preformed Line Products, Rittal GmbH & Co. KG, Schneider Electric, SGI, The Siemon Company, Tripp Lite, Vertiv, Amazon, AT&T, Berkshire Hathaway, Equinix, Facebook, Google, JPMorgan Chase & Co., Microsoft, NTT Communications, Oracle, SAP, Telefónica, Unisys, Verizon
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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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This release was published on openPR.
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