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High Investment in IT Applications Drives Rack and Rack Options Market in Europe, Finds Frost & Sullivan

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High Investment in IT Applications DrivesHigh Investment in IT Applications Drives Rack and Rack Options Market in Europe, Finds Frost & Sullivan PR Newswire LONDON, Dec. 12, 2013 - Nordic countries present highest opportunity due to the growth in data centres The adoption of emerging technologies such as digital media and mobile computing across industries will drive the demand for data transfer and storage, and ultimately, the rack and rack options market in Europe. Increasing investments in the data centre sector, especially IT outsourcing, will add to rack and rack options sales. New analysis from Frost & Sullivan (http://www.powersupplies.frost.com), European Rack and Rack Options Market, finds that the market earned revenues of $925 million in 2012 and estimates this to reach $1,313.2 million in 2017. The Nordic countries present the highest growth opportunity for the rack and rack options market in the region. "With the escalating popularity of new technologies, the demand for high- density servers and blade servers has risen significantly," said Frost & Sullivan Energy and Environmental Industry Analyst Gautham Gnanajothi. "The ensuing advancements and innovations in products from rack and rack option manufacturers will aid market development." However, decline in customer spending caused by the Eurozone crisis has affected market revenues to an extent.
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High Investment in IT Applications Drives Rack and Rack Options Market in Europe, Finds Frost & Sullivan

PR Newswire

- Nordic countries present highest opportunity due to the growth in data centres

The adoption of emerging technologies such as digital media and mobile computing across industries will drive the demand for data transfer and storage, and ultimately, the rack and rack options market in Europe. Increasing investments in the data centre sector, especially IT outsourcing, will add to rack and rack options sales.