IT Rack and Enclosure Market to Grow to $2.6 billion in 2016
Revenues of IT racks and enclosures are forecast to grow by nearly a billion dollars over the next five years; from an estimated $1.7 billion in 2011 to $2.6 billion at the end of 2016. Most of the revenues will be added in Asia, where new data center construction and upgrades are driving a fast rate of growth.
A new report from IMS Research, recently acquired by IHS Inc., projects revenue growth to average close to 9 percent over the next five years. However, growth for this year is forecast to be weaker due to the continuation of the Eurozone crisis and the associated drop in infrastructure investment in the region.