Data Center Rack & Enclosure Market to grow at 10% CAGR from 2018 to 2024: Global Market Insights Inc.
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.
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.
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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 user’s specific demands is anticipated to boost demand for the data center rack & enclosure market. UK data center rack & enclosure market, by application, 2017 & 2024 (USD Million)
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. 2|Page
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. 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 R&D 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. Browse key industry insights spread across 320 pages with 522 market data tables & 47 figures & charts from the report, “Data Center Rack & Enclosure Market Size By Component (Solution [Frame Size {19 Inch Rack, Other Racks}, Frame Design {Open Frame Rack, Enclosed Rack, Customized Rack}, Rack Unit {36u Rack, 42u Rack, 45u & 48u Rack}], Service [Managed, Professional]), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Spain, Poland, Benelux, China, India, Japan, Singapore, Australia, Indonesia, Brazil, Colombia, Venezuela, Bolivia, Chile, Peru, Argentina, GCC, South Africa, Morocco), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024� in detail along with the table of contents: https://www.gminsights.com/industry-analysis/data-center-rack-and-enclosuremarket
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Table of Content (TOC-)
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 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 Chapter 3. Data Center Rack & Enclosure Industry Insights 3.1. Industry segmentation 3.2. Industry landscape, 2013 – 2024 4|Page
3.2.1. Data center infrastructure industry landscape 3.2.1.1. North America 3.2.1.2. Europe 3.2.1.3. Asia Pacific 3.2.1.4. Latin America 3.2.1.5. MEA 3.2.2. Internet consumption trends, by region 3.2.2.1. North America 3.2.2.2. Europe 3.2.2.3. Asia Pacific 3.2.2.4. Latin America 3.2.2.5. MEA 3.3. Industry ecosystem analysis 3.3.1. Component suppliers 3.3.2. Manufacturers 3.3.3. Technology providers 3.3.4. Service providers 3.3.5. System integrators 3.3.6. Distribution channel analysis 3.3.7. Vendor matrix 3.4. Technology & innovation landscape 3.4.1. Evolution of the data center industry 3.4.1.1. Impact of IoT 3.4.1.2. Impact of artificial intelligence (AI) 5|Page
3.4.1.3. Integrated data center infrastructure 3.4.2. Innovation in data center technology 3.4.2.1. Modular data centers 3.4.2.2. Edge data centers 3.4.2.3. Hyperscale data centers 3.4.2.4. Green data centers 3.5. Regulatory landscape 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Latin America 3.5.5. MEA 3.6. Industry impact forces 3.6.1. Growth drivers 3.6.1.1. Growing demand for seismic cabinets for critical environment 3.6.1.2. Increasing usage of online services in North America and Europe 3.6.1.3. High investment in data center upgrades in the U.S. 3.6.1.4. Rapid infrastructure development of various end-use segments in Europe 3.6.1.5. Growth of mega and hyperscale data centers in Nordic countries 3.6.1.6. Increasing deployment of data center facilities across Asia Pacific 3.6.1.7. Widespread adoption of cloud computing and IoT in China and India 6|Page
3.6.1.8. Increase in construction of new data centers and replacement of existing facilities in parts of South America 3.6.1.9. Flourishing services industry in South America 3.6.1.10.
Penetration of colocation data centers in Brazil
3.6.1.11.
Development of smart cities in the Middle East
3.6.2. Industry pitfalls & challenges 3.6.2.1. Demand for highly skilled workforce for product development 3.6.2.2. Lack of common standards and interoperability issues 3.6.2.3. Decline in demand of server hardware owing to consolidation 3.6.2.4. Growing demand for blade and micro servers 3.7. Growth potential analysis 3.8. Porter's analysis 3.8.1. Supplier power 3.8.2. Buyer power 3.8.3. Threat of new entrants 3.8.4. Threat of substitutes 3.8.5. Internal rivalry 3.9. Competitive landscape, 2017 3.9.1. Strategic dashboard 3.10. PESTEL analysis Chapter 4. Data Center Rack & Enclosure Market, By Component 4.1. Key trends by component 4.2. Solution 7|Page
4.2.1. Market estimates and forecast, 2013 - 2024 4.2.2. Market estimates and forecast, by region, 2013 – 2024 4.2.3. Frame size 4.2.3.1. Market estimates and forecast, 2013 - 2024 4.2.3.2. Market estimates and forecast, by region, 2013 – 2024 4.2.3.3. 19 Inch rack 4.2.3.3.1. Market estimates and forecast, 2013 - 2024 4.2.3.3.2. Market estimates and forecast, by region, 2013 – 2024 4.2.3.4. Other racks 4.2.3.4.1. Market estimates and forecast, 2013 - 2024 4.2.3.4.2. Market estimates and forecast, by region, 2013 – 2024 4.2.4. Frame design 4.2.4.1. Market estimates and forecast, 2013 - 2024 4.2.4.2. Market estimates and forecast, by region, 2013 – 2024 4.2.4.3. Open frame rack 4.2.4.3.1. Market estimates and forecast, 2013 - 2024 4.2.4.3.2. Market estimates and forecast, by region, 2013 – 2024 4.2.4.4. Enclosed rack 4.2.4.4.1. Market estimates and forecast, 2013 - 2024 4.2.4.4.2. Market estimates and forecast, by region, 2013 – 2024 4.2.4.5. Customized rack 4.2.4.5.1. Market estimates and forecast, 2013 - 2024 8|Page
4.2.4.5.2. Market estimates and forecast, by region, 2013 – 2024 4.2.5. Rack unit 4.2.5.1. Market estimates and forecast, 2013 - 2024 4.2.5.2. Market estimates and forecast, by region, 2013 – 2024 4.2.5.3. 36u rack 4.2.5.3.1. Market estimates and forecast, 2013 - 2024 4.2.5.3.2. Market estimates and forecast, by region, 2013 – 2024 4.2.5.4. 42u rack 4.2.5.4.1. Market estimates and forecast, 2013 - 2024 4.2.5.4.2. Market estimates and forecast, by region, 2013 – 2024 4.2.5.5. 45u & 48u rack 4.2.5.5.1. Market estimates and forecast, 2013 - 2024 4.2.5.5.2. Market estimates and forecast, by region, 2013 – 2024 4.2.5.6. Other rack units 4.2.5.6.1. Market estimates and forecast, 2013 - 2024 4.2.5.6.2. Market estimates and forecast, by region, 2013 – 2024 4.3. Service 4.3.1. Market estimates and forecast, 2013 - 2024 4.3.2. Market estimates and forecast, by region, 2013 – 2024 4.3.3. Professional 4.3.3.1. Market estimates and forecast, 2013 - 2024 9|Page
4.3.3.2. Market estimates and forecast, by region, 2013 – 2024 4.3.4. Managed 4.3.4.1. Market estimates and forecast, 2013 - 2024 4.3.4.2. Market estimates and forecast, by region, 2013 – 2024
Industry Coverage
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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. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com Blog: http://algosonline.com/technology
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