The declining hardware and connectivity costs is driving growth in the global Internet of Things (IOT) in manufacturing market. The growing dispersion of connected devices and declining hardware and connectivity costsis majorly driving the growth. The manufacturing firms are facing various issues such as downtime of machines, high employment cost and regulation differences. Consequently, organizations are persuading toward implementation of IoT solutions for smart manufacturing accompanied by enhanced reliability and security.
A data center rack is a physical framework designed to house servers, storage units, various networking equipment, cables, and other devices. Racks incorporate features, like provision for cooling, slots for PDUs, and cable management system located above and below the rack enclosures. Various new vendors are engaged in product innovations such as remote monitoring systems into the racks, to fulfill present and future requirements of the enterprises data center operations.
The cloud storage market has generated a revenue of approx. $18.87billion in 2015, and is projected to reach up to $67 billion in 2022. Increasing number of internet users;mounting need for big data storage for various industries; and, swift adoption rate of cloud storage gateways are the major drivers for the cloud storage market, globally.