Data Center Rack & Enclosure Market Revenue | Growth,
Size, Shares, Trends, Opportunities by 2032

Data Center Rack & Enclosure market is set to witness
robust growth between 2023 and 2032, primarily owing to the increasing adoption
of various online services. Besides, the rising usage of various IoT and AI
platforms in Europe and North America will also fuel the industry demand by
2032.

Furthermore, key providers in the market are working toward
securing a better position in the market by expanding their existing portfolio
and entering valuable mergers and acquisitions. Citing an instance, in March
2022, UK data center company, Pulsant announced the acquisition of Amito.
According to reports, this acquisition will assist Pulsant's strategy to expand
geographically and offer edge computing to various organizations in the UK.

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Overall, the data center rack & enclosure market has
been segmented in terms of component, application, and region.

In the context of the component, the market is likely to be
characterized by the solution segment, which held more than 75% market share in
2022. The segmental growth can be attributed to the advancing technologies,
that are proving immensely beneficial for industries such as healthcare,
financial services, and manufacturing services. Besides, the rising usage of
data center rack solutions for better business and customer experiences will
also add fuel to the product adoption. In 2022, Genetec launched a new
enclosure management solution that will enable data centers to monitor, secure,
and manage access to racks remotely.

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On the basis of the application, the energy segment is
anticipated to be valued at more than USD 250 million by 2032. Fast
digitalization, the rising number of data centers, and the expansion of data
transmission networks have led to increased energy consumption. For instance,
between 2010 and 2018, the total energy demand for data centers increased from
194 TWh to 205 TWh. In addition, the creation of energy-efficient IT
infrastructure facilities and rising demand for modular data centers will also
add impetus to the sectoral expansion.

In the regional context, the North America data center rack
and enclosure market was valued at more than USD 1.5 billion in 2022. The
regional market growth through 2032 will be attributed to the development of
cloud computing and big data. Besides, the increasing demand for colocation
services across various industry vertices will also fuel the market.
Furthermore, different companies in this region are engaging in extensive
R&D projects to create technologies, including micro servers and blade servers,
pushing the product development over the ensuing years.

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