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Data center rack and enclosure market to witness a double-digit CAGR over 2018-2024, robust demand for high-density data centers to spur the industry growth

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With data centers touted to be the miracle machines supporting critical IT infrastructure, data center rack and enclosure market seems to have registered an impressive growth in the recent years. Owing to the rapidly proliferating connected lifestyles, the use of data and connected devices has been staggering lately. In the United States, the number of devices and connections was 7.3 per person in 2015 and is expected to grow to over 12 per person in 2020. The popularity of video continues to grow more than ever, with internet video reaching 4.8 exabytes by 2020 – more than a fourfold growth as compared to figures in 2015. By 2019, 83% of all data center traffic is expected to be in the cloud, quite overtly impacting data center rack and enclosure industry trends.

UK data center rack & enclosure market, by application, 2017 & 2024 (USD Million)
UK data center rack & enclosure market, by application, 2017 & 2024 (USD Million)

The rapid growth of data usage has brought about various changes in the data center infrastructure with some of the major changes being witnessed in data center racks and enclosures. Since racks are an essential part of data center cooling, high density data center has automatically come to mean maximizing the usage of power and cooling which has created a new growth avenue for data center rack & enclosure market. High density data centers have created an inevitable need for an infrastructure that can mount high capacity cables and manage airflow optimization. Driven by the rising demand for not only racks that can fit more servers but also data center cabinets, data center rack & enclosure market size from the hardware components is anticipated to witness a CAGR of 12% over 2018-2024. Several data center rack & enclosure market players are now focusing on manufacturing cabinets that are better than the rack system, as cabinets not only organize expensive electronics but also completely close down to offer concise management of temperature.

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Increased customer demand has also stimulated the expansion of data center rack and enclosure market based on rack unit height. To accommodate the growing demand, IT resources are continually looking for space to accommodate expanding physical infrastructure. Since the construction of a new facility can prove to be too expensive, most data centers are looking to accommodate more servers per rack, undergoing vertical expansion and stimulating the demand for 48u racks.

Though taller racks do not come without additional challenges, data center racks are being designed to revolutionize IT facilities by separating hot exhaust air that is emitted by equipment from the cold supply of air. This results in stable air temperatures and dry and warm air return to AC coil. Data center racks are also designed for increasing energy efficiency by organizing racks in a hot aisle cold aisle containment manner which in turn enhances equipment performance. As racks will not only elongate hardware life but also boost air efficiency and cut down on energy spending, data center rack & enclosure market will continue to grow at an unprecedented pace over 2018-2024.

Virtualization and innovation in rack and enclosure design are becoming an increased necessity in the era of high density data centers. While virtualization can reduce power consumption in a data center, it can also reduce energy efficiency if cooling and power are not adjusted with the new IT load. Key industry players such as Rittal GmbH and Co. KG, Dell, Emerson Electric Company, Hewlett Packard Enterprise, Eaton Corporation and Schneider Electric have come up with innovative rack and enclosure designs in addition to various means of increasing cooling efficiencies as the demand for big data and cloud-based IT are on the rise.

The requirement for the expansion of the existing infrastructure due to rapid progress of virtualization, adoption of IoT, high performance computing and enhanced data processing capabilities will create widespread opportunities for data center rack and enclosure market players. Powered by the rapidly changing demands of today’s tech-savvy consumers, data center rack and enclosure market size is expected to cross USD 5 billion by 2024.

Author NameParoma Bhattacharya

Data center networking market to witness a remarkable double digit CAGR of 14.3% over 2018-2024, product innovations to characterize the competitive landscape

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The unprecedented evolution of cloud computing technology is undeniably driving new levels of innovation in data center networking industry. The extensive penetration of Internet of Things (IoT) has brought a renewed dimension in the business model, where the modern change in traffic patterns expose the limitation of conventional network. In the light of the recent scenario, data center networks are expected to exhibit not only scalability and high performance, but also flexibility, agility, and enhanced automation. Companies ranging from enterprises to cloud service providers are highly influenced by the growing trend of data & network virtualization and are seeking to integrate advanced technology solutions to curtail the overall operational expenditure. Incidentally this has encouraged core tech juggernauts to come up with newer innovations that could potentially change data center networking market dynamics.

China data center networking market size, by end-use, 2017 & 2024 (USD Million)
China data center networking market size, by end-use, 2017 & 2024 (USD Million)

Globally acclaimed SDN solution provider, Nokia’s Nuage Networks recently made its way to the front page with its latest data center transformation projects with China Mobile and Spanish multinational broadband, Telefónica. Reportedly in both these projects, Nuage’s VNS (Virtualized Networks Services) has been used in a bid to provide more elasticity to these data center sites. Nuage Networks’ initiatives, as per experts’ opinion, coherently depict the progress of data center networking industry toward network slicing with SDN (software-defined networking).  For the records, Telefónica worked with Nuage in order to leverage its hefty yesteryear investment in SD-WAN infrastructure. The integration of VNS solution in its service is further to offer enterprises the facility of configuring and customizing value added services via a self-service portal. Not to mention, the extensive growth of cloud computing technology has indeed proved to be a catalyst in sowing the seeds for advancing the innovation in data center networking market.

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In yet another turn of events, American tech conglomerate, IBM Corporation last year announced its plan of launching four new data centers in the United States, in a bid to support the surging demand for cognitive capabilities. Experts believe the project is sure to leave a perpetual impact on U.S. data center networking market, as the transition to cloud-based software would necessitate the requirement of replacing the traditional networks. In fact, U.S. and Canada conjointly held almost a lion’s share (40%) of data center networking industry in 2017. The subtly changing trends toward cloud-based software in tandem with growing popularity of streaming devices and social media is claimed to be a sure shot indicator of the fact that U.S. would experience an upper hand in data center networking industry over the ensuing years.

Data center networking market giants are betting big on highly advanced storage and memory technologies to gain a competitive edge. Klas Telecom for instance, has recently released an upgraded version of Voyager TDC. Christened as Voyager TDC 2.0, this groundbreaking technology claims to provide users the flexibility of the original system, in addition to NVMe and double storage capacity that ensure better and faster performance. If reports are to be relied on, the company will demonstrate how users can integrate AI and machine learning technology at tactical edge, leveraging the ultra-high-power process capability of Voyager TDC at SOFIC 2018. Yet another trend that is quite vivid in the competitive terrain of data center networking industry is technological proliferation via strategic partnerships. All in all, aided by the vast technology landscape where myriad companies are becoming consumer centric and data driven, data center networking market share is forecast to exceed a valuation of USD 35 billion by 2024.

Author NameSatarupa De

North America automotive aftermarket to accumulate substantial proceeds, global industry valuation to cross a humongous USD 1,420 billion by 2024

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The changing preferences of consumers toward the comfort, appearance, & performance of vehicles has fueled automotive aftermarket to quite an admirable extent. As customers focus toward leading a luxurious lifestyle, complete with personalized vehicles for commuting in style, courtesy – increasing disposable incomes, automotive aftermarket is likely to witness lucrative gains in the years to come.

The subsequent wear and tear of existing automobiles will quite overtly lead to car owners wanting to replace old parts, enhance the vehicle’s appearance, and replace the car’s internal components for improved efficiency and safety. Eventually, this would propel the demand for state-of-the-art aftermarket parts, augmenting the commercialization landscape of automotive aftermarket.

U.S. Automotive Aftermarket, By Sales Outlet, 2017 & 2024, (USD Billion)
U.S. Automotive Aftermarket, By Sales Outlet, 2017 & 2024, (USD Billion)

The ever expanding automotive sector is one of the most crucial drivers of the global automotive aftermarket. Over the last couple of decades, the demand for automobiles has only skyrocketed across the developed and developing economies. According to estimates by OICA, LCVs and passenger cars accounted for a sales figure of close to 86 million units in the year 2017 – apparently an upsurge of 2.4% when compared to the previous year. As the sales of commutable vehicles continue to increase and the demand for afterparts experiences an uptick, the remuneration portfolio of automotive aftermarket will undergo a significant change, as per experts.

Another trend that has lately made its presence felt in automotive aftermarket is the rising deployment of eco-friendly techniques in automotive manufacturing. Driven by a stringent regulatory landscape pertaining to environmental safety and the concerns stemming from rising carbon emissions, the demand for sustainable, alternative automobile parts has considerably increased, thereby driving the global automotive aftermarket share.

Unveiling North America automotive aftermarket trends over 2018-2024

North America, primarily driven by the United States and Canada, has been one of the most significant growth grounds for the global automotive aftermarket, which principally can be attributed to the expanding automotive industry in the region. The continent has been a witness to an upsurge in the production of new vehicles and the enhancement of older ones. Furthermore, the region is a powerhouse of technological advancements in automobile production and upgradation, which is likely to generate novel opportunities for aftermarket companies in the years to come.

North America is also remnant of a consumer base that demands increasing vehicle personalization, Bluetooth connection, digitization, and other interesting automotive electronics. The incorporation of advanced accessories is thus likely to drive North America automotive aftermarket. Incidentally, the region accounted for 30% of the overall automotive aftermarket share in the year 2017.

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Another pivotal factor likely to drive North America automotive aftermarket over the forecast period is the improved fuel economy that would quite overtly, augment the average miles that the customer drives, which would lead to increased wear and tear in vehicle parts. This would eventually fuel the requirement for aftermarket spare parts in the continent, stimulating North America automotive aftermarket industry trends.

Technological advancements have indeed had a major impact on the overall automotive aftermarket in the last half a decade. The surging demand for electrification and installation of software has been touted to generate novel avenues for aftermarket workshops and suppliers. The popularity of ADAS, infotainment systems, and telematics will also serve to augment the demand for technologically developed parts, that would help stimulate automotive aftermarket industry growth in the years to come.

Some of the most noteworthy players in automotive aftermarket fall along the likes of the 3M Company, Akebono Brake Corporation, Delphi, Denso, Continental AG, Robert Bosch GmbH, ACDelco, ASIMCO Technologies ltd., Federal-Mogul, Magneti Marelli, and more. In a bid to expand their reach across myriad geographies, these leading contenders have been rather proactive in adopting business growth tactics such as strategic collaborations. Citing an instance of the same, nearly a couple of years back, industry player Faurecia inked its third JV with its partners in Iran with an intention to consolidate its presence in the regional automotive aftermarket.

Author Name :Saipriya Iyer

Service robotics market to amass hefty returns from logistics applications, tech advancements to characterize the product landscape

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Powered by the robust industrialization trends, service robotics market has been escalating at an astonishing rate over the recent years. The technology has established its stance as an interface between industry and service sector and has garnered a mass popularity across a plethora of domains like defense, healthcare, entertainment, household, and logistics. If reports are to be relied on, the commercialization matrix of the business space has taken a prominent turn in the recent years, courtesy – the significant proliferation of IoT, cloud, Artificial Intelligence, and machine learning. In fact, as per estimates, global shipments of service robots surpassed 7.5 million units in 2016 and is further anticipated to witness a remarkable y-o-y growth of 20% over 2017-2024.

China Professional Service Robotics Market Share, By Application, 2016 (Units)
China Professional Service Robotics Market Share, By Application, 2016 (Units)

Logistics applications to witness continued growth

The introduction of service robots in logistic operations is deemed to be one of the most significant qualitative shifts in this domain. The paradigm transition in operational interlinking is undoubtedly bringing new opportunities for service robotics market from logistic application. Autonomous Guided Vehicles (AGVs) is one of the finest examples of the robotics breakthroughs in logistics sector. AGVs can reportedly be operated without much human intervention and are significantly increasing the safety quotient of the automobile.

With further enhancements in this technology, the sector has witnessed yet another revolution – AIVs (Autonomous Intelligent Vehicles), enabling greater autonomy, longer battery life, and more flexible & scalable robotic system. Increasing deployment of such robots in indoor as well as outdoor logistics applications for ensuring a better operational efficiency has in turn, fueled service robotics industry growth. Estimates claim that logistics applications contributed over USD 1 billion to the global service robotics market landscape in 2016.

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The personal sector has turned to be another prominent application vertical for service robotics market, especially with the increasing deployment of household and entertainment robots. Rising penetration of vacuum cleaners, lawn cutters, and other similar robots for carrying out the tasks that are often routine for humans, has been identified as a turning factor uplifting household service robotics application. In fact, as per estimates, personal applications accounted for 36% of the overall service robotics market size in 2016. With advanced technologies like speech, emotion, and facial recognition features coming onboard, this particular business vertical is likely to tread along a lucrative growth path over the ensuing years.

Elaborating on the tech intervention in household sector, the contribution of iRobot Corporation, one of the leading names in the robot cleaning world, is worth mentioning. The company has always been at the front page with its continuous adoption of advanced technologies for enhancing consumer experience. It has recently introduced its iAdapt 2.0 Responsive Navigation system that is integrated with Alexa –strongly emphasizing on voice as a better interface than touch. Reportedly, the vacuum cleaner not only recognizes voice or speech but also has the capability to digitally map the interior of house while cleaning the floor. As per analysts’ speculation, the birth of such groundbreaking technologies is bound to lucratively drive the product terrain of service robotics market over the coming years.

Speaking of the competitive landscape, service robotics industry is highly fragmented in nature with the participation of leading players like Parrot SA, 3D Robotics, Softbank Robotics, AeroVironment, Inc., DJI, Intuitive Surgical, Inc., Bluefin Robotics, and Samsung Electronics. Quite conspicuous from the aforesaid trends, these industry participants are increasingly focusing on developing technologically advanced products with enhanced functionalities in tandem with the tried-and-tested growth strategies such as R&D, collaborations, M&As, and product expansion. All in all, with organizations progressively looking to tap into the power of robotics for customer service, the global service robotics market is certain to bag massive proceeds in the years ahead. The presumption is aptly validated by Global Market Insights, Inc.’s forecast which claims service robotics market share to exceed a valuation of USD 22 billion by 2024.

Author Name : Ojaswita Kutepatil