PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236045
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236045
Global Racks and Frames Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Racks and Frames are defined as physical structure that combines a steel and electronic framework and are used to store things like servers, cables, networking gear, computer and telecom equipment for data centers, cooling systems, UPSs, and other things. The functioning of electrical devices and cables is made easier by the prefabrication of these structures. They differ according to how well they can outfit network systems, which varies depending on the application. The increasing deployment of data centers facilities and growing server density worldwide are key factors driving the market growth.
The increasing deployment of data centers facilities worldwide is contributing towards the growth of the Global Racks and Frames Market. For instance - according to Statista - as of 2022, the revenue in the Global Data Center market is estimated at USD 321.40 billion, and the revenue is projected to show compounded annual growth rate of 5.01% between 2022 and 2027, to reach to a market volume of USD 410.40 billion by 2027. Additionally, as per Statista - as of 2022, revenue in the Indian Data Center market is estimated at USD 7.46 billion, and the revenue is expected to show an annual growth rate of 4.42% between 2022 and 2027, to reach to a market volume of USD 9.27 billion by 2027. Also, growing demand for multipurpose storage units and increasing number of commercial and industrial facilities would create lucrative growth prospectus for the market over the forecast period. However, complexity in process automation & integration stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Racks and Frames Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing demand for racks and frames across end use industries and rising investment in data centers facilities in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising expansion of retail and telecom industry and growing emergence of data center hubs in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable