The IT and telecom market is set for growth in the future and this is set to contribute towards the expansion of the 19-inch rack and rack options market. This growth of the rack market, though hindered by the slow growth of the telecom industry in the short term, is still expected to expand during this period as rack manufacturers have planned to venture into industries such as the retail industry, medical industry, and aerospace and defense markets. There is an anticipated demand for IT infrastructure in these industries and hence racks. Further, when the telecom market recovers completely in another three to four years, the developing rack market is bound to witness enormous growth.
Frost & Sullivan finds that the World Server Rack and Rack Options Market earned revenues of $2,039.4 million in 2005 and estimates this to reach $3,766.0 million in 2012. This growth is due to the implementation of network and infrastructure plans by organizations and governments across the world, expansion of the enterprise and data center market, sever market, and the wireless sector of the telecom market.
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“Implementation of network and infrastructure plans boosts demand for racks”, notes Frost & Sullivan Research Analyst Muthiah Arunachalam. “Recovery of world economy has caused organizations, corporations, educational and medical institutions to upgrade their network and information technology (IT) infrastructure with new improved hardware as well as software applications.”
The IT and Telecom industry experienced a drop in growth rates in 2001 and 2002 due to a downturn in the global economy, decline in the industry growth rates, decrease in consumer spending and business investments. However, with the global economy recovering from the 2001 and 2002 economic slump, organizations are in the process of implementing their network and IT infrastructure plans, which is all set to increase the demand for 19-inch rack and rack options.
“The slow turnaround of the telecom industry across the world has impeded the growth of the global 19-inch rack and rack options market, in the short-term,” says Arunachalam.
Manufacturers need to target new industries to rapidly grow their market share in the 19-inch rack and rack options market. The retail industry, medical industry, aerospace and defense/ military markets are showing demand for IT infrastructure. Rack manufacturers can aim for these markets until the telecom industry recovers completely.
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World Server Rack and Rack Options Market,