Global Data Center Rack & Enclosure Market Size To Grow USD 8.08 Billion by 2030 | CAGR of 8.7%
Category: Semiconductors & ElectronicsGlobal Data Center Rack & Enclosure Market Size To Worth USD 8.08 Billion By 2032
According to a research report published by Spherical Insights & Consulting, The Global Data Center Rack & Enclosure Market size is to grow from USD 3.51 billion in 2022 to USD 8.08 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period.
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Browse key industry insights spread across 215 pages with 133 market data tables and figures & charts from the report on "Global Data Center Rack & Enclosure Market Size, Share, and COVID-19 Impact Analysis, By Component (Solution and Service), By Application (BFSI, Colocation, Energy, Government, Healthcare, IT & telecom, Manufacturing, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032" Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/data-center-rack-enclosure-market
Data center racks and enclosures are essential components of modern data centers. Racks provide a structured framework for housing servers and network equipment, optimizing space utilization and facilitating easy access for maintenance. They offer features like cable management and ventilation to ensure efficient and organized operations. Enclosures add an extra layer of physical security by enclosing the racks and controlling access to authorized personnel only. They also contribute to noise reduction and help maintain optimal temperature and airflow. Together, data center racks and enclosures enhance the overall performance, reliability, and security of data center infrastructure.
The frame design segment is expected to grow at a CAGR of around 9.1% during the forecast period
Based on the type of component, the global data center rack & enclosure market is segmented into solution and service. The frame design sub-segment of solutions is anticipated to witness significant growth in the forecast period within the data center rack and enclosure market. This growth can be attributed to the increasing demand for flexible and modular rack designs that offer scalability and customization options. The frame design plays a crucial role in accommodating various equipment sizes and configurations, optimizing space utilization, and enabling easy installation and maintenance. As data centers continue to expand and evolve, the demand for innovative frame designs that offer adaptability and efficiency is expected to drive the growth of this segment.
The IT & telecom segment is expected to grow at a higher CAGR of 9.7% during the forecast period
Based on application, the global data center rack & enclosure market is segmented into BFSI, colocation, energy, government, healthcare, IT & telecom, manufacturing, and others. The IT and telecom segment is expected to experience significant growth in the data center rack and enclosure market in the forecast period. The increasing adoption of cloud computing, big data analytics, and AI applications is driving the need for scalable and efficient data center infrastructure, including racks and enclosures. Additionally, the rise of edge computing and 5G network deployments further amplifies the demand for rack and enclosure solutions that can support distributed infrastructure requirements. These factors, combined with the increasing focus on data security and compliance, are expected to drive the growth of the IT and telecom segment in the data center rack and enclosure market.
Europe is predicted to grow at a higher CAGR of around 10.2% over the projected period
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Based on region, Europe is expected to experience significant growth in the forecast period in the data center rack and enclosure market. Several factors contribute to this expected growth. Firstly, the increasing demand for cloud services, digital transformation, and the adoption of IoT technologies are driving the need for robust data center infrastructure. This, in turn, creates a demand for high-quality rack and enclosure solutions. Secondly, governments and organizations in Europe are placing a strong emphasis on data security, privacy regulations, and compliance requirements, fueling the demand for secure and reliable enclosures. Lastly, the region's increasing focus on energy efficiency and sustainability aligns with the demand for eco-friendly rack and enclosure solutions that reduce power consumption and environmental impact. These factors combined are expected to drive the growth of the data center rack and enclosure market in Europe.
Some of the major players in the global data center rack & enclosure market include Belden, Panduit Corporation, Chatsworth Products, Delta Power Solutions, Hewlett-Packard Company, Amco Enclosures, IBM Corporation, Dell Inc., Legrand, Martin International Enclosures, Fujitsu Ltd, Blackbox Corporation, Oracle Corporation, Rittal Gmbh & Co. Kg, and Eaton Corporation.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global data center rack & enclosure market based on the below-mentioned segments:
Data Center Rack & Enclosure Market, By Component
- Solution
- Service
Data Center Rack & Enclosure Market, By Application
- BFSI
- Colocation
- Energy
- Government
- Healthcare
- IT & telecom
- Manufacturing
- Others
Data Center Rack & Enclosure Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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