Data Center Rack Market:
Growth opportunities in the data center rack market look promising over the next six years. This is mainly due to the increase of data center colocation facilities, a rise of edge computing, deployment of IoT, reduced physical infrastructure costs and fixed overhead cost, and the growing server density.
Data Center Rack Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The drivers stimulating the growth of the global data center rack market include the accelerating server density and the rise in data center colocation provisions. Colocation centers are attracting companies due to the scale and accelerating size of business operations. The organizations consider these data center an ideal business partner because of the help offered at the time of launching a new application and increasing storage and power. Moreover, the growth of edge computing, surging internet usage, and deployment of IoT resulting in a rise in the installation of colocation data centers will further fuel the market demand. The high density is helping data centers to load more power into smaller space and helping businesses set centers in small locations to reduce the infrastructure and fixed overhead expenses, also augments the market’s growth.
Additionally, a few data center racks make it easier to manage computing infrastructure. Thus, the adoption of colocation data centers is promoting the growth of data center rack across businesses. On the other hand, meeting the desired cooling needs may prove to be a challenge for businesses and is projected to hinder the market growth.
Component Segment Drivers
On the basis of components, the market is segmented into services and solutions. The services segment is predicted to expand at a higher CAGR during the forecast period. This is owing to the high demand for installation of data center rack as it is a complicated process and requires skilled technical professionals. Installation services are cabling, infrastructure, cooling, and mounting of a server.
Regional Drivers
Based on regional coverage, Asia-Pacific is expected to grow at a faster CAGR over the forecast period. This is due to the ongoing increase in energy efficiency, data traffic, and rising deployment of data centers in emerging countries like India, Japan, and China. Moreover, growing investment in businesses coupled with the switch in businesses towards digitalization contributes to the growth of the Data Center Rack market.
Data Center Rack Market’s leading Manufacturers:
- AGC Networks Limited
- Schneider Electric
- Fujitsu Limited
- IBM Corporation
- Rittal GmbH & Co. KG
- Vertiv Group Corporation
- Dell Technologies, Inc
- Cisco Systems, Inc
- Hewlett Packard Enterprise (HPE) Company
- Eaton Corporation Plc
Data Center Rack Market Segmentation:
Segmentation by Component:
- Solutions
- Services
- Design and Consulting
- Installation
- Maintenance and Support
Segmentation by Type:
- Open Frame
- Cabinets
Segmentation by Height:
- 42U and Below
- 43U up to 52U
- Above 52U
Segmentation by Width:
- 19 Inch
- 23 Inch
- Others (24 Inch and 28 Inch)
Segmentation by Vertical:
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Government and Defense
- Retail
- Manufacturing
- Healthcare
- Energy and Utilities
- Others (Media and Entertainment, and Transportation and Logistics)
Segmentation by Data Center Size:
- Small and Mid-sized Data Centers
- Large Data Centers
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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