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Data center racks is a kind of electronic frame work mainly used in IT and networking equipment like routers, switching and servers in the data center facilities. It manages each rack independently without disturbing the servers with the help of rack units, intended to support multiple servers in protected environments and provides rack-level rack power distribution unit and continuous power supply.
Global Data Center Racks Market Segments Size & Growth:
Global Data Center Racks market is accounted for $2.13 billion in 2017 and expected to grow with a CAGR of 12.48% to reach $4.72 billion by 2025 during the forecast period 2019-2025. Increasing deployment of data center facilities and investments in data center upgrades are the factors boosting the growth of the market. However, increasing use of blade servers and declining demand of server due to virtualization of IT infrastructure are retarding the market growth. Emerging economies in the APAC region and rising trends in customised racks are driving the growth opportunities shortly.
Global Data Center Racks Market Segments Share:
Global data center racks market is categorized into by products which consist of rack cabinets and accessories. Accessories are expected to grow with the highest CAGR in data center racks market owing to increasing technological developments, better customer experiences and growing demand for the data center racks market. On the basics of rack units, 42U
Customized racks segment is likely to lead the data center racks market This growth can be attributed to increasing number of data centers facilities and growing efficiency in servers and power usage.
Banking and financial services segment is anticipated to boost the growth of the market due to increasing demand for online servers, enabling capabilities of cloud services by the data centers, growing importance for the edge over competitors and demand for the rack system for hardware management.
By Geography, North America accounted for the major share in the global data center racks market due to decreasing operational expenses, increasing demand for the colocation data center and it contains several data center clusters in this region. Canada has substantial growth because of a huge number of cloud service providers approximately more than 273, 197 colocation data centers and 14 network fabrics in this region.
Global Data Center Racks Market Segments Trends:
Global Data Center Racks Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.
The major key data center racks market leaders are:
Along with these companies, there were many other companies considered/cited in the report while analyzing the global data center racks market size. These companies hold substantial share is owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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