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Data Center News > Blog > Investments > Data Center Rack Market to Reach US$7 Billion by 2028
Investments

Data Center Rack Market to Reach US$7 Billion by 2028

Last updated: May 27, 2024 11:58 am
Published May 27, 2024
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Data Center Rack Market to Reach US$7 Billion by 2028
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The market is experiencing development pushed by a number of elements. Investments in knowledge facilities and hyperscale services are surging, whereas the speedy adoption of cloud computing and the rollout of 5G expertise amplify the necessity for expanded infrastructure. Moreover, the rise of modular and edge knowledge facilities, together with the development towards bigger racks, additional fuels this growth.

There’s a surge in capital influx from non-public fairness corporations, infrastructure funds, sovereign wealth, and different organizations into the info heart ecosystem, fueling the growth of knowledge heart infrastructure. Companies and organizations are broadly adopting cloud computing providers, driving the necessity for extra knowledge heart capability and racks to accommodate servers and networking gear.

The speedy deployment of 5G networks allows sooner knowledge transmission speeds and decrease latency, resulting in the proliferation of data-intensive functions akin to high-definition video streaming, augmented actuality (AR), digital actuality (VR), and Web of Issues (IoT) units. This surge in knowledge visitors necessitates the growth of knowledge heart infrastructure, growing the demand for knowledge racks.

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See also  Allen Control Systems Raises $30M in Series A Funding
TAGGED: billion, Center, data, market, rack, Reach, US7
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