Published on : Jul 11, 2018
Albany, New York, July 11, 2018: Market Research Hub (MRH) has freshly publicized a study titled “Global Data Center Rack Market by Manufacturers, Countries, Type and Application, Forecast to 2023” to its vast archive. This 150-page study covers extensive analysis of the global market scenario as well as future growth prospects till 2023. This exhaustive research has been conducted with the help of expert analysts who have carried a vigorous research process that helps in coming up with key outcomes related to the market forecast anticipated for the years coming ahead. According to the study prime findings,
Moreover, the report provides qualitative and quantitative analysis of the market, in which market dynamics, trends, product summary, and country-level market information are covered. Geographically, prime regions highlighted in the study include Asia-Pacific, North America, Europe, South America, Middle East and Africa. For each regional segment, the market size for future years has been analyzed which is based on revenue, sales and market share between 2018 and 2023. As per the active research evaluations, the global data center rack market valued at 2110 million USD in the year 2017 and is expected to reach 2860 million USD by the end of 2023, growing at a CAGR of 5.2% between 2017 and 2023.
In the initial section, the report describes the scope of the analysis along with the current market overview of data center racks. A data center rack is a type of physical steel and electronic structure, designed to house servers, networking devices, cables and other data center computing equipment. This physical structure provides equipment placement and arrangement within a data center facility. It has been clearly stated in the study that the main driver of the global data rack industry is the construction of new data centers.
As the research proceeds, the research has encapsulated the vital details about the market by segmenting it on the basis of product type and applications/end industries. By product type, the study covers open frame racks, wall-mount racks and rack enclosures. As per the report findings, rack Enclosures have a more obvious advantage. In the future, Rack Enclosures market will continue to rise rapidly.
Application-wise segmentation includes networking data center rack application, servers data center rack application and others. In terms of geography, the study reveals that The Asia-Pacific will occupy for more market share in following years, especially in China, also fast-growing India and Southeast Asia regions. In the future, BRIC countries have a very market demand. Thus, developing countries are the main drivers of the market growth.
At last, the report covers a thorough competitive outlook that contains market share and profiles of key players functioning in the global market. Major companies profiled in the study include Emerson Electric, Rittal Corp, Black Box Corporation, Eaton, Chatsworth Products, Dataracks, Schneider Electric, Cisco, AMCO Enclosures, HPE, Belden, Fujitsu, Dell, IBM, Tripp Lite and Oracle Corp.
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