Press release
Data Center Rack Market 2022 Booming Demand Accelerate to Exponential Growth will reach USD 4,609.3 million by Forecast 2028: Kendall Howard LLC, Belkin International, Inc.
Data Center Rack Market With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market conditions in the future term, this market research study keeps a close eye on major rivals. It's a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The Data Center Rack Market also examines significant players, major collaborations, mergers and acquisitions, as well as current innovation and corporate strategies.The global data center rack market was valued at USD 4,609.3 million in 2020, and it is expected to reach USD 7236.63 million by 2027 at a CAGR of 7.9% during 2022 - 2027.
Top Key Players are covered in this report: Kendall Howard LLC, Belkin International, Inc., Martin International Enclosures, Black Box Corporation, Rittal GmbH & Co. KG, Vertiv Group Corporation, Hewlett Packard Enterprise, Dell EMC, Schneider Electric SE, Fujitsu Corporation
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Recent Developments:
In July 2020 - Hewlett Packard Enterprise announced that it was chosen to power the Edinburgh International Data Facility (EIDF), which is Europe's 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:
Cloud and data centers have become the backbone of the BFSI sector, especially during the digitization movement. The increasing competition and the demand for online services in the banking and financial sectors drive the market for data centers, and by extension, data center racks.
- Data centers have become very crucial for financial services. The racks used in the banking sector are required to have additional protection against theft, damage, and other risks. Racks enable the banking service providers to have a platform that hosts the systems and protects them from unforeseen physical risks. These racks are modular, owing to which the banking service providers can upgrade when required.
- To cater to this increasing demand from this sector, the rack providers are developing separate products for this segment. The most recent was by NetRack, which launched Data Center racks in 2019 to cater to banking and insurance sectors.
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Key market aspects are illuminated in the report:
Executive Summary: It covers a summary of the most vital studies, the Global Data Center Rack Market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Data Center Rack Market, the years measured, and the study points.
Company Profile: Each company in this market sector is screened based on its goods, value, SWOT analysis, capacity, and other key characteristics.
Manufacture by region: This Global Data Center Rack Market report offers data on imports and exports, sales, production and key companies in all studied regional markets
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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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