Press release
Data Center Rack Market 2022 Growth Outlook - Kendall Howard LLC, Belkin International, Inc., Martin International Enclosures, nVent Schroff GmbH, Black Box Corporation
The Data Center Rack Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global data center rack market was valued at USD 4,315.8 million in 2019, and it is expected to register a CAGR of 7.21% during 2022-2027.
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Top Leading Companies of Data Center Rack Market are Kendall Howard LLC, Belkin International, Inc., Martin International Enclosures, nVent Schroff GmbH, Black Box Corporation, Rittal GmbH & Co. KG, Tripp Lite, Cheval Electronic Enclosure Co. Ltd, elden Inc., Chatsworth Products Inc., Great Lakes Case & Cabinet Co. Inc., ELMA Electronics, Inc., Vertiv Group Corporation, Hewlett Packard Enterprise, Dell EMC, Schneider Electric SE, Fujitsu Corporation, Oracle Corporation, Legrand SA and others.
Industry News and Updates
In July 2022 - Hewlett Packard Enterprise announced that it was chosen to power the Edinburgh International Data Facility (EIDF), which is EuropeÕs first regional data innovation center at the University of Edinburgh EPCC in Scotland. The company will deliver an end-to-end infrastructure featuring its industry-leading high- performance computing (HPC) and artificial intelligence (AI) solutions powered by the HPE Apollo Systems and HPE Superdome Flex Servers, as well as the HPE Ezmeral Container Platform software capabilities.
Key Market Trends
North America to Hold Maximum Market Share
- The rapid growth of mobile broadband with an increase in big data analytics coupled with cloud computing are some of the factors driving the demand for new data center infrastructures in the North American region. The region also comprises a considerable amount of data centers. Multiple enterprises are switching from hardware to software-based services and are anticipated to be an addressable market for data center installations. Moreover, according to the cloud scene, there are more than 2500 data centers in the United States and more than 250 data centers in Canada.
- The United States has the highest number of data centers globally and is witnessing robust growth in terms of volume of big data and traffic due to the increase in the number of hyperscale data centers. According to Cisco, the volume of big data in the data center storage globally is expected to reach 403 exabytes by the end of 2021, of which a huge share will be attributed to the United States.
- Moreover, the region has a strong foothold of data center racks providers, driving the region's market. Some of them include Kendall Howard LLC, Belkin International Inc., Martin International, HPE, Dell EMC, Black Box Corporation, and Chatsworth Products.
Regional Outlook of Data Center Rack Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Data Center Rack Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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