May 13, 2020, 10:42 EST
New York, United States, May 13, 2020, 10:42 /Comserve / -- The global data center rack market is anticipated to record a CAGR of 6.10% over the forecast period, i.e. 2019-2027. The market is segmented by type into server rack and network rack.
Research Nester has released a report titled “Data Center Rack Market – Global Demand Analysis & Opportunity Outlook 2027” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
Data center rack are the equipment designed to hold data center devices, for instance, networking equipment, telecommunication equipment, cooling systems and UPS among others. Owing to rising adoption of IoT devices, which is contributing towards a large volume of data stored in data centers, coupled with digitization across the globe and growing technologies, such as, artificial intelligence, big data, and others, investment in the data center industry have grown manifold. Furthermore, a large number of enterprises are subscribing to data center providers for cloud storage systems. The increasing deployment of data centers across the globe supported by the dynamic transition in data system is anticipated to drive the demand for global data center rack market.
Additionally, rising data traffic across the globe coupled with the growing need for energy efficient data center rack systems are also anticipated to drive the growth of the market. In the statistics by International Energy Agency (IEA), since the year 2015, global internet traffic has tripled and is further expected to double by 2022 to 4.2 zettabytes per year. Moreover, global data center workload is estimated to peak to 519 units (2015 = 100) from 138 units (2015 = 100) in-between 2016-2021.
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The global data center rack market is anticipated to record a CAGR of 6.10% over the forecast period, i.e. 2019-2027. The market is segmented by type into server rack and network rack. Among these segments, server rack is anticipated to hold the largest market share on account of the increasing deployment of data centers across the globe coupled by the need to facilitate proper efficiency of these data centers.
Geographically, the global data center rack market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, Asia-Pacific is anticipated to hold largest market share on account of nations such as China, India, Singapore and others, where enterprises as well as the government are raising their investments for the deployment of data centers so as to adopt their processes digitally.
However, rising concerns for different weights of data center devices stored in the rack owing to frequent changes in the specifications of these devices is estimated to act as a barrier to the growth of the global data center rack market during the forecast period.
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This report also studies existing competitive scenario of some of the key players of the global data center rack market, which includes profiling of Kendall Howard, Belkin International, Inc., Martin International Enclosures, nVent (NYSE: NVT), Black Box Corporation, Rittal GmbH & Co. KG, Tripp Lite, Cheval Electronic Enclosure Co. Ltd., Belden Inc. (NYSE: BDC), and Chatsworth Products.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Data Center Rack Market – Global Demand Analysis & Opportunity Outlook 2027”, analyses the overall global data center rack industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global data center rack market in the near future.
Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.
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