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Data Center Rack And Enclosure Market 2023-2032: Global Outlook, Latest Technology, Industry Insights And Major Players | Dell Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Cisco Systems Inc., Oracle Corpora
Data Center Rack And Enclosure Market
The Business Research Company's Data Center Rack And Enclosure Global Market Report 2023 identifies expansion of new data centers as the major driver for the Data Center Rack And Enclosure Market's growth in the forecast period. A data center is a facility that uses a complicated network, computing, and storage infrastructure to allow shared access to applications and data. Data center racks and enclosures are essential components used in data centers to organize, mount, and protect servers, networking equipment, and other critical hardware. They play a crucial role in ensuring the efficient and reliable operation of the data center infrastructure.
The global data center rack and enclosure market is expected to grow from $3.16 billion in 2022 to $3.5 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The data center rack and enclosure market is expected to reach $5.25 billion in 2027 at a CAGR of 10.6%.
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Major competitors in the data center rack and enclosure market are Dell Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Fujitsu Ltd., Eaton Corporation, Emerson Electric Company, Delta Electronics Inc., Legrand SA, Vertiv Holdings Co., Rittal Gmbh and Co. KG, nVent Electric plc, Belden Inc., Panduit Corporation, Blackbox Corporation, AGC Network Ltd., Rahi Inc., Hammond Manufacturing Co. Ltd., C and F Tooling Ltd., Canovate Group, Innovation First International Inc., Chatsworth Products Inc., AFCO Systems Inc., Great lakes Data Racks and Cabinets Co. Inc., Martin International Enclosures LLC, IMS Engineered Products LLC, Amco Enclosures, and Prism Enclosures Ltd.
A key trend in the Data Center Rack And Enclosure Market includes technological enclosure management system. Major companies operating in the data center rack and enclosure market are adopting innovative enclosure management system technologies to sustain their position in the market. For instance, in May 2022, Genetec Inc., a Canada-based technology company, launched Genetec Enclosure Management Solution, a new enclosure management system for data centers. It uses cloud link roadrunner technology to provide a secure and scalable way to manage access to racks and cabinets in data centers. This solution includes several features that make it well-suited for data centers, including secure access control, remote management, and scalability. Additionally, this is a valuable addition to the company's portfolio of security solutions for data centers. Its system complies with several industry standards, including the Payment Card Industry Data Security Standard (PCI DSS).
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The Data Center Rack And Enclosure Market is segmented -
By Product Type: Open Frame Racks, Rack Enclosures, Wall-Mount Racks
By Component: Solution, Service
By Installation: Wall-Mounted, Floor Mounted
By Size: 18U-22U, 23U-32U, 33U-42U, 43U-48U And Above 49U
By Application: Information Technology (IT), Telecommunication, Banking, Financial Services, And Insurance (BFSI), Government, Healthcare, Manufacturing, Education Sector, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Data Center Rack And Enclosure Market.
The Business Research Company's "Global Data Center Rack And Enclosure Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Data Center Rack And Enclosure Market Include:
1. Executive Summary
2. Data Center Rack And Enclosure Market Characteristics
3. Data Center Rack And Enclosure Market Trends And Strategies
4. Data Center Rack And Enclosure Market - Macro Economic Scenario
5. Global Data Center Rack And Enclosure Market Drivers and Restraints
……
32. Global Data Center Rack And Enclosure Market Competitive Benchmarking
33. Global Data Center Rack And Enclosure Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Data Center Rack And Enclosure Market
35. Data Center Rack And Enclosure Market Future Outlook and Potential Analysis
36. Appendix
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