Innovations in technology have taken place at an unparalleled speed, boosting the data center rack and enclosure market in accordance with the advancement of critical IT infrastructure. The vertical has emphatically thrived on the growing need for data collection, tracking and storage services provided by data centers. Data center facilities contain networked computers and storage devices that businesses use to organize, store, process and safeguard multi-sourced data. These centers need physical racks with protective enclosures for holding network devices, servers, cables and other equipment that constitute an effective electronic framework.
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Digitization of sectors like IT & Telecom, BFSI, Healthcare, retail, manufacturing and government administration is at its peak with modern, sophisticated server cabinets now being a prerequisite for data storage. IT giants from Europe and North America provide high quality data center management to businesses and governments globally, using cabinets that have up-to-date security features like biometric systems, cameras and motions sensors. The worldwide data center rack and enclosure market size was valued at over USD 2 billion in 2017 and is estimated to exhibit a 10% CAGR over 2018-2024, forecasts Global Market Insights, Inc.
The major manufacturers covered in this report: –
1. Belden Inc.
2. Black Box
3. Chatsworth Products
6. Fujitsu Global
7. Hewlett Packard Enterprise
13. Schneider Electric
18. Berkshire Hathaway
22. JPMorgan Chase & Co.
23. NTT Communications
This growth is attributed to rising number of businesses worldwide and their efforts to gather and analyze consumer or market information. Apart from security and physical sturdiness, the data center enclosures must allow for cooling and efficient power supply to eliminate any possibility of damage to servers. Development of products that fulfill these requirements has indeed revolutionized the data center rack and enclosure market landscape.
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The growth of data center rack and enclosure market is dominated not only by developed countries but also emerging economies in Asia-Pacific which have been a home for thriving IT industry. For the record, APAC data center rack and enclosure market is estimated to surpass USD 1 billion by 2024. South America is another region entailing a booming data center rack and enclosure industry expansion, with reportedly 88 colocation facilities in numerous locations. Brazil is leading the South American data center rack and enclosure market as it enables companies to build facilities at lower cost and the improved telecommunication sector offering enhanced connectivity.
All in all, the data center rack and enclosure market is expected to evolve massively further inspiring many innovations to accommodate the upcoming challenges in data storage and management. The key players leading the data center rack and enclosure market hierarchy are Schneider Electric, HP, Eaton Corporation, Dell, Emerson Electric, etc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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