Data Center Rack Market Set to Increase Significantly by 2024

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Global Data Center Rack Market: Overview

The growing adoption by the world for cloud-based services and the increase in data explosion by the end-user has driven the data center facilities. These facilities include data center racks as well. Data center racks lend a helping hand to the networking and IT equipment such as switches, servers, and routers. A systematic rack architecture divided the data center into different rack units that can be managed individually.

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Global Data Center Rack Market: Growth Factors

Growing end-user adoption is the key factor that is driving the global data center rack market. The low cost of important raw material, rack, favorably elevates the global data center rack market. At the other end of the rope, factors that lend a helping hand in the development are affordable transportation cost, a huge increase in the number of job opportunities, cheap labor, government regulations, the need for the market, and the compulsion of the supply and demand rule. Further, the global data center rack market will witness a huge transition in the near future due to favorable conditions.

Global Data Center Rack Market: Segmentation

Based on the type of solutions, the global data center rack market is segmented as 1U, 2U, 3U, and others. On the basis of components, the global market is classified as rack server solutions and services. Based on the type of tier, the global data center rack market is divided as Tier 1, Tier 2, Tier 3, and Tier 4. On the basis of the type of service, the global market is segmented into design and consulting, support and maintenance, and installation and deployment. Based on industry verticals, the global data center rack market is segmented as IT and telecom, BFSI, healthcare, government and defense, manufacturing and energy, research and academic, and retail.

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Global Data Center Rack Market: Regional Analysis

North America is said to be dominating the global data center rack market in the near future. The main reason behind this estimation is the growing popularity among the users about data center racks and awareness about the same. On the other hand, Asia Pacific is said to be the fastest growing network for the global market. Countries such as India and China are adopting the new technologies, hence giving a push for the growth of global data center rack market.

Global Data Center Rack Market: Competitive Players

The global data center rack market has a very aggressive nature owing to the quality of service provided by the local as well as global players. Key players include Dell, Hewlett-Packard, Eaton, IBM, Schneider Electric, Emerson Network, Huawei, Rittal, Fujitsu, and Hitachi.

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