Press release
Why the Data Center Rack & Enclosure Market Is Set To Explode? | Global Players are Dell, Eaton, Hewlett Packard Enterprise, Fujitsu, IBM, Legrand, Schneider Electric, Vertiv and Emerson Electric
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.
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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 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.
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.
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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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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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