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Data Center Rack Market to Exhibit Hyper Growth Ahead: A $183.69 Billion Contender by 2026
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Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Major factors that drive growth of the data center rack market include rapid increase of data center colocation facilities across the globe and rise in server density. However, hyper-converged infrastructure that provide rack-scale platforms in data centers is one of the factors that hamper growth of the market to some extent. Furthermore, the adoption of durable rack and rise in hyper-scale transformation can provide opportunities for the vendors operating in the global data center rack market.
Rapid increase of data center colocation facilities across the globe
In colocation instead of renting a server, client rents a rack space and then procures a server of his own. The idea behind colocation is to make data center as handy as possible. The cost of operating a data center in some cases can be more than an industry's revenue. The maintenance itself involves a major concern of investment. Thus, when clients co-locates server, they move some essential hardware to any convenient data center. The advantages of using server colocation service are that it ensures high availability of servers while lowering the capital cost that businesses have to spend on obtaining features such as rack space, bandwidth, firewalls, and cooling. Another huge advantage for companies that opt for colocation services is data security. Colocation allows organizations to expand infrastructure without stressing too much on capital expenses. Moreover, effective management of cables, host servers, and facilitation of air flow to ensure high performance of data centers is also a factor that supports the growth of the market.
Inadequate cooling requirements
Management of data center cable is a complex task. The fact is that improper cable management can cause trouble for entire enterprise with unstructured cabinets, difficulty in installation of equipment, and extended periods for maintenance and troubleshooting. Inadequate cooling requirements in data centers create dangerous environment, owing to restricted airflow to cabinets. In addition, tracking of cabinets on excel spreadsheets becomes more challenging as rack densities and multi hop connections increase. Many organizations are investing resources and time in the implementation, planning, and ongoing maintenance of their network infrastructure. However, enterprises still struggle to address many of the key challenges of data center cable management.
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Key benefits of the report:
This study presents the analytical depiction of the global data center rack industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global data center rack market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis based on the present and future competitive intensity of the market.
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