Data Center Rack Market Growth Powered With Latest Development Scenario and Influencing Trends | Eaton, Samsung, Schneider Electric, Legrand, Rittal, Vertiv Company, Belkin, nVent Schroff, Black Box Corporation, Panduit, Cheval Electronic Enclosure, Hewle
Get more info about “Global Data Center Rack Market Report” by requesting Sample Copy HERE: https://www.worldwidemarketreports.com/sample/285217
Some of the key players being Eaton, Samsung, Schneider Electric, Legrand, Rittal, Vertiv Company, Belkin, nVent Schroff, Black Box Corporation, Panduit, Cheval Electronic Enclosure, Hewlett-Packard, Belden, Chatsworth Products, Great Lakes Case and Cabinet, etc.
Key Growth Factors:
Growing end-user adoption is the key factor that is driving the global data center rack market. The low cost of important raw material, rack, favorably elevates the global data center rack market. At the other end of the rope, factors that lend a helping hand in the development are affordable transportation cost, a huge increase in the number of job opportunities, cheap labor, government regulations, the need for the market, and the compulsion of the supply and demand rule. Further, the global data center rack market will witness a huge transition in the near future due to favorable conditions.
Key Market Trends
IT & Telecom Sector Expected to Hold a Significant Share
IT and Telecom is the most significant segment for this market. The IT infrastructure requirement is the highest for this segment. Colocation providers, who are a major adopter of data center racks, are also considered under the scope of the study under the IT & Telecom sector.
The amount of data that is being stored and processed by this segment is huge. The advent of mobile data and subscriptions and their rapid usage has proliferated the growth of data traffic and hence data centers. With the introduction of 5G and Cloud, the demand is expected to increase exponentially. Major companies are investing in new infrastructure to meet the additional requirements. Companies, like American Tower, bought its first data centers in April 2019 through the acquisition of Colo Atl.
Based on the type of solutions, the global data center rack market is segmented as 1U, 2U, 3U, and others. On the basis of components, the global market is classified as rack server solutions and services. Based on the type of tier, the global data center rack market is divided as Tier 1, Tier 2, Tier 3, and Tier 4. On the basis of the type of service, the global market is segmented into design and consulting, support and maintenance, and installation and deployment. Based on industry verticals, the global data center rack market is segmented as IT and telecom, BFSI, healthcare, government and defense, manufacturing and energy, research and academic, and retail.
In the Asia-Pacific region, the market is anticipated to witness rapid growth, owing to increasing data traffic, energy efficiency and growing need for deployment of data centers in economically developing countries, such as India and China, are boosting the growth of the data center rack market in the Asia-Pacific region.
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