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By 2024, Data Center Rack & Enclosure Market to be Driven by Growing Demand for The Infrastructure In The IT & Telecom Sector

Author : Ronak Bora | Published Date : 2019-06-07 

Growing demand for the infrastructure in the IT & telecom sector is driving the data center rack & enclosure market. The need to store a large amount of data generated and transmitted is creating a high demand and requirement for the storage centers. The storage systems vary in size depending on the workflow and data storage in the industry. With increasing adoption of IoT for various processes in the IT & telecom sector, the data center rack & enclosure market is anticipated to witness a high growth. IoT deployments will generate large amounts of data that need to be processed and analyzed in real time. As network connections are spread out across a large geographical and virtual space, the demand for cabinets will witness an exponential rise, driving the data center rack & enclosure market growth.

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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.

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.

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Increased customer demand has also stimulated the expansion of data center rack and enclosure market based on rack unit height. To accommodate the growing demand, IT resources are continually looking for space to accommodate expanding physical infrastructure. Since the construction of a new facility can prove to be too expensive, most data centers are looking to accommodate more servers per rack, undergoing vertical expansion and stimulating the demand for 48u racks.

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 requirement for the expansion of the existing infrastructure due to rapid progress of virtualization, adoption of IoT, high performance computing and enhanced data processing capabilities will create widespread opportunities for data center rack and enclosure market players. Powered by the rapidly changing demands of today’s tech-savvy consumers, data center rack and enclosure market is expected to cross USD 5 billion by 2024.

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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.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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