Data Center Rack Market To Grow By USD 1628.53 Million | Belden Inc., Black Box Corp., Chatsworth Products Inc. And More Among The Key Companies In The Market- Technavio

(MENAFN- PR Newswire) NEW YORK, Dec. 5, 2023 /PRNewswire/ -- The data center rack market
size is forecast to increase by USD 1628.53 million from 2022 to 2027, at a CAGR of 11.25% , according to the recent market study by Technavio. Technavio has extensively analyzed 15 major vendors, including
Belden Inc., Black Box Corp., Chatsworth Products Inc., Cisco Systems Inc., CONTEG spol sro, Databricks Inc., Dell Technologies Inc., Delta Electronics Inc., Eaton Corp. Plc, Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Legrand SA, nVent Electric Plc, Oracle Corp., Panduit Corp., RackSolutions Inc., Rittal GmbH and Co. KG, Schneider Electric SE, and Vertiv Holdings Co.
The growth of the market will be driven by the increasing investments in data centers,
the growth of Big Data analytics, and emerging containerized and micro-mobile data centers.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report

The market is segmented by type (server rack and network rack), product specification (medium, large, and small), and geography ( North America, Europe, APAC, South America, and Middle East and Africa) .

Segmentation by type (Server rack and Network rack)

• Server rack : The growing need from businesses for servers and storage equipment to support important trends like Big Data analytics is one of the main factors driving the server rack market segment's growth. To support extremely rapid processing rates and large amounts of data efficiently, there is an increasing demand for the development of highly efficient server systems. This would increase investments in Big Data analytics. As a result, there would be a greater need for servers and storage devices. Furthermore, the growing use of cloud-based services is another
  significant element driving the expansion of the server rack market. Due to
  the growing popularity of the cloud model, the number of server units installed has increased significantly which will boost the growth of the segment during the forecast period.

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Key benefits for industry players & stakeholders –

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also analyses the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
  
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

Get a holistic overview of the data center rack market by industry experts to evaluate and develop growth strategies.
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What are the key data covered in this data center rack market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the data center rack market between 2023 and 2027
• Precise estimation of the size of the data center rack market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the data center rack market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of data center rack market vendors

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