Global Data Center Rack Market 2019-2023
SKU ID : TNV-13808571 | Publishing Date : 22-Jan-2019 | No. of pages : 111
Implementation of SDDCs to drive market growth. In an SDDC, the physical infrastructure is delivered as a service through the virtualization. Hardware infrastructure is managed through intelligent software systems. An SDDC supports cloud computing and legacy applications. It reduces cost, improves efficiency, and increases the availability of memory and enhances security. It also delivers workloads on a cloud platform. analysts have predicted that the data center rack market will register a CAGR of over 5% by 2023.
Emerging containerized and micro-mobile data centers
A containerized data center is portable. It can be placed in any location as per the need of the enterprise. A containerized data center consists of servers, storage devices, and network equipment. Many firms such as IBM and Cisco Systems have developed containerized data centers. Containerized data center providers offer infrastructure support to enterprises opting for their product. This will reduce the CAPEX for the enterprise to construct its own data center.
Insufficient allocation of IT budget
One of the challenges for data center infrastructure vendors is the insufficient allocation of IT budget. IT budget is restricting data center providers, especially the local players, to limit the construction of additional facilities.
For the detailed list of factors that will drive and challenge the growth of the data center rack market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Schneider Electric and Vertiv the competitive environment is quite intense. Factors such as the implementation of SDDCs and the emerging containerized and micro-mobile data centers, will provide considerable growth opportunities to data center rack manufactures. Eaton, Legrand, Rittal, Schneider Electric, and Vertiv are some of the major companies covered in this report.
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