The data center infrastructure market is speculated to register robust growth by 2028 on account of the burgeoning number of SMEs across key regions.
An efficient data center infrastructure offers several benefits to businesses, including cutting costs, protecting against electrical disturbances and power spikes, better safety, more accessible data storage and management, and improving efficiency. Growing number of enterprises and prevalent usage of online services across the world have propelled industry development over the past few years.
The data center infrastructure market has been segmented on the basis of application, product, component, and region. From the product perspective, the market has further been divided into DCIM, power, networking equipment, cooling, LV/MV distribution, and IT racks & enclosures.
The IT racks & enclosures sub-segment is speculated to witness robust expansion through the analysis period to reach a notable valuation by the end of 2028. This growth is attributed to the widespread adoption of advanced technologies by manufacturing industries.
The LV/MV distribution sub-segment is slated to rise at a significant growth rate between 2022