Data Center Rack & Enclosure Market to surpass USD 5 billion by 2024

1
Data Center Rack Enclosure Market By Component,
Application and Region-Forecast, 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Data Center Rack Enclosure
Market

• Data Center Rack Enclosure Market size was
  valued at over USD 2 billion in 2017, and is set
  to hit USD 5 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
  Data center rack enclosure market will
  experience a substantial growth over the forecast
  timespan owing to the rapid increase in the
  number of data centers globally. The rise in the
  number of enterprises has led to a high demand
  for high-performance facilities that cater to the
  growing needs of businesses.
• Increasing number of businesses and enterprises
  is replacing traditional paper-based documents
  with digital records to ensure ease-of-operations
  and the protection of critical information. The
  cabinets support the networking and IT equipment,
  such as routers, switches, networks, and
  networking equipment, in a facility. The demand
  for high-quality networking equipment from
  businesses will propel the data center rack
  enclosure market.

3
Continued...

• Technological advancements and the increasing
  adoption of IoT for various industrial processes
  are supporting growth of the data center rack
  enclosure market. Rapid growth in cloud-based
  solutions, virtualization, enhanced data
  processing capabilities, high-performance
  computing solutions, and the requirement to
  expand the existing infrastructure are the key
  factors generating a high demand for the
  facilities.
• The enclosures offer advantages such as enhanced
  cable management options, airflow management
  capacities, security, and stability over open
  frame racks. Moreover, factors such as the rise
  in online activities that tend to generate large
  amounts of customer-related information, such as
  financial data, historical preferences, and
  related data, are causing companies to invest in
  the construction and modernization of new
  facilities, thereby driving the data center rack
  enclosure market.

4
Continued...

• The growing trend of digitalization has led to an
  increasing number of companies switching to such
  facilities for their data storage requirements.
  The growth in the IoT industry has led to a rise
  in the number of connected devices, thereby
  stressing the need for facilities to store the
  mounting volumes of data. Growing colocation,
  edge, modular, and green data center industry
  will provide an impetus to the overall data
  center rack enclosure market.
• The trend of businesses shifting toward green IT
  and low power consumption systems has been
  witnessed in the industry. Expenses incurred by
  the companies for infrastructure cooling is
  making them focus on adopting high-quality server
  racks to reduce the overall energy consumption.
  The availability of a range of customizable
  enclosures in a variety of dimensions to meet
  users specific demands is anticipated to boost
  demand for the data center rack enclosure
  market.

5
UK data center rack enclosure market, by
application, 2017 2024 (USD Million)

6

Browse Full Market Research Report On Data
Center Rack Enclosure Market _at_
https//bit.ly/2xu019h Request for a Sample
of this Research Report _at_ https//www.gminsights.c
om/request-sample/detail/2599
7
Continued...

• The hardware segment accounted for over 80 of
  the data center rack enclosure market and will
  experience growth owing to the growing demand for
  high-quality infrastructure from several domains
  such as BFSI, healthcare, government,
  manufacturing, IT telecom, colocation, and
  government. Infrastructural upgrading in the
  facilities and the growing importance for a
  high-density server environment are driving the
  data center rack enclosure market. Moreover,
  increasing efforts directed toward ensuring rack
  level physical security are expected to aid the
  industry growth. Racks equipped with cooling
  systems are gaining significance owing to the
  growing demand for enhanced cooling solutions.
  The infrastructure operators are stressing on
  building sensors and camera-infused rack level
  security systems.
• The data center rack enclosure market in Asia
  Pacific is projected to experience substantial
  growth and will reach USD 1 billion by 2024 owing
  to the rise in the number of businesses coupled
  with the shifting trend toward digitalization of
  all processes. Rapid urbanization in India,
  growth in the internet penetration, and the
  expanding telecommunication sector will lead to a
  mounting pressure to handle the increasing amount
  of data.

8
Industry Coverage

9
Continued...

• In addition, the advanced electronics industry of
  Japan will provide strong growth opportunities
  for the Asia Pacific data center rack enclosure
  market. The proliferation of technologies, such
  as AI, IoT, and cloud, in the manufacturing
  sector will further contribute to the demand for
  innovative infrastructure. The data center rack
  enclosure market has some chief global players
  including Hewlett Packard Enterprise, Rittal GmbH
  Co. KG, Schneider Electric, Dell, Eaton
  Corporation, Vertiv Co., and Emerson Electric Co.
  Companies are trying to expand their market
  presence by launching new solutions and acquiring
  businesses to expand the product portfolio.
• In February 2018, Rittal announced the launch of
  a line of LED lights designed specifically for
  server and network enclosures. Key players
  focusing on the RD of these facilities will
  contribute to the industry growth. Companies
  trying to establish a new and modernized
  infrastructure will provide attractive
  opportunities for the data center rack
  enclosure market. Regulations, such as European
  General Data Protection Regulation, are making
  operators focus on ensuring a robust physical
  security.

10
Table OF Content
Chapter 1. Methodology and Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Definitions forecast
parameters 1.1.4.1. Definitions 1.1.4.2.
Methodology and forecast parameters 1.2. Data
Sources 1.2.1. Secondary 1.2.2. Primary
11
Continued...
Chapter 2. Executive Summary 2.1. Data center
rack enclosure industry 360 synopsis, 2013
2024 2.1.1. Business trends 2.1.2. Component
trends 2.1.2.1. Solution trends 2.1.2.2.
Service trends 2.1.3. Application trends 2.1.4.
Regional trends
12
Stay In Touch Website www.gminsights.com Soci
al Media