TechNavio’s market research analysts predict that the Global Data Center Rack market is expected to grow at a CAGR (compound annual growth rate) of 13.5 percent in the next 3 years (2011-2014).
The report: ‘Global Data Center Rack Market 2010-2014’ focuses on the North America and EMEA regions and indicates that the market is currently driven by increased network infrastructure spending.
“Across the globe there is increased spending by organizations on network infrastructure. The trend is seen mainly due to the need for faster access to data over the network. Organizations are also experiencing a huge rise in the amount of organizational data that is being transferred across the network. The resulting increase in technologies is driving the demand for data center racks,” report TechNavio analysts.
In spite of the demand for this technology, the increasing price of data center racks hinders the growth of this market. However, rising demand from organizations to deploy more data centers will continue to drive the market.
The Global Data Center Rack market is marked by an increase in ‘smarter’ racks with a greater number of features. This makes the study an important one for companies to fully understand the potential in the market, providing insightful research and intelligence to formulate their own strategy.
Companies mentioned in this report include: HP, Emerson Network, APC – Schneider Electric, and Rittal Corporation.
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