According to the research report titled ‘Data Center Rack & Enclosure Market Size By Component (Solution [Frame Size {19 Inch Rack, Other Racks}, Frame Design {Open Frame Rack, Enclosed Rack, Customized Rack}, Rack Unit {36u Rack, 42u Rack, 45u & 48u Rack}], Service [Managed, Professional]), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, data center rack & enclosure market is expected to witness significant growth throughout the forecast timeframe 2021-2027.
 

As per the findings of the report, increasing prevalence of data centers along with rising spending by businesses on data center scaling to meet the surging demand for cloud computing are projected to drive global data center rack & enclosure market expansion over the forecast period.
 

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On the contrary, dearth of skilled workforce, decline in server hardware demand due to consolidation, along with interoperability issues and lack of common standards are negatively impacting the industry outlook.
 

Based on solution, component segment is fragmented into frame size (19-inch rack and others), rack unit (42u, 36u, 45 & 48u), and frame design (enclosed, open frame, and customized rack). Among these, 19-inch rack frame size segment is estimated to observe considerable growth by the end of projected timespan as most IT equipment are 19 inches wide.
 

In terms of service, global data center rack & enclosure industry is bifurcated into professional and managed. Of these, professional services are projected to expand steadily, reaching a sizable valuation by the end of analysis period. The segmental adoption is projected to be fueled by growing demand for professional services to facilitate migration from traditional IT infrastructures to modular, cloud data center systems.
 

With respect to application, IT & telecom segment is anticipated to garner strong returns through 2027, mainly creditable to the advent of 5G technology, and subsequent increase in the need for establishment of new data centers.
 

According to the regional landscape analysis, South America data center rack & enclosure market is projected to exhibit steady growth throughout forecast period. Further, expansion of colocation industry is expected to provide new growth prospects for the regional market.
 

Considering the competitive aspect, Vertiv Co., Rittal GmbH & Co. KG, Dell Inc., IBM Corporation, Schneider Electric SE, and Eaton Corporation are prominent companies influencing the market trends.