London, 3 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the global data center rack market 2015-2019, which is expected to grow at a CAGR of 15.18% during the forecast period of 2014-2019.
The advent of cloud computing and big data analytics is expected to fuel the prospects for growth in this market. The rising business requirement of companies has resulted in the augmented need for more servers in data centers, which is made possible through facility extension. The growing installation of servers and storage units in data centers will augment the revenue collected from construction and renovation as the market is completely dependent on the construction of new data center facilities and the improvement of existing ones.
“Racks are increasing in length to support new types of IT equipment and this will also allow space for power distribution unit (PDU) installations. Rack PDU devices are mounted on racks to supply electrical power to servers. They can be placed in a vertical or horizontal position inside the rack cabinets or enclosures and can be used to monitor and perform remote access functions,” says Faisal Ghaus, Vice President of Technavio.
“They are manufactured in different sizes and configured according to the type of connection and voltage required. The units have functionalities such as power filtering, remote monitoring, control by LAN or SNMP, and intelligent load balancing.”
Key Market Drivers:
- Growing Demand for Data Centers
- Increased Need for Taller Racks
- Requirement for Rack-level Cooling
- Need for Vendor-neutral Racks
Key Market Trends:
- Decline in Rack Prices
- Embedded Rack PDUs
- Advanced Rack-level Security
- Containerized Data Center Facilities
Key Market Vendors:
- Black Box Network Service
- Eaton Corp.
- Emerson Network Power
- Hewlett-Packard Co. (HP)
- International Business Machines Corp. (IBM)
- Rittal GmbH & Co.
- Schneider Electric
- Tripp Lite
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Data Center Rack Market 2015-2019, please send an e-mail to media@TechNavio.com.
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