Data Center Rack Market Growth, Share, Revenue, Scope, Trends, Business Challenges and Future Opportunities 2032


Data Center Rack Market Growth, Share, Revenue, Scope, Trends, Business Challenges and Future Opportunities 2032: SPER Market Research

 Published: Feb-2023
 Author: SPER Analyst

Global Data Center Rack Market is projected to be worth USD 10.36 billion by 2032 and is estimated to surge at a CAGR of 8.94%.

A physical structure in the shape of a data center rack is typically built of steel and other alloys. It is used to store electronic servers, networking hardware, cooling systems, and other computer equipment found in data centers. These racks give the devices enough room and airflow so that they won't be harmed by temperature swings, and they also keep cords, wires, and other pricey components from getting tangled. Three to four mounting rails are the essential components of a level rack, and a supporting structure holds the rails firmly in place. According to their capacity or the amount of equipment they can contain, each shelf is carefully constructed with slots for attaching electrical, internet, and networking connections. The market is expanding primarily due to the increased popularity of big data analytics and the modernisation of IT infrastructure. The administration of intricate and disorganized organizational data that is handled across numerous data centers is aided by big data analytics. Additionally, the requirement to store the data produced by smart homes, towns, and grids, which necessitate systems with broader racks and improved designs, is enhancing the use of data center racks. The development of low-cost rack solutions with features like corrosion resistance, thermal management, system expandability, and compatibility with different organizational verticals is another reason boosting the adoption rates of these racks. Additionally, expanding data center equipment investments around the world present enormous prospects for the market.

Due to the fact that data center rack technologies help companies satisfy their large capacity data storage needs, the COVID-19 pandemic is boosting the data center rack industry's expansion. As the demand for data storage grows, it becomes more important than ever to confirm that the provider of data center rack services has the resources and expertise necessary to deliver high-quality data center rack solutions. As a result, businesses offering services like local data center operators and providers are making significant investments in data center rack for a range of use cases. Additionally, since businesses everywhere are deploying data center rack to support work-from-home initiatives and enable their business goals, the COVID-19 pandemic presents an opportunity for the data center rack market forecast. The rapid propagation of the COVID-19 virus has dramatically increased data traffic. Additionally, it has been observed that the epidemic caused by the expansion of emerging technologies like artificial intelligence (AI), big data, and the Internet of Things has increased the requirement for storage space (IoT). This will keep encouraging worldwide expenditures in data center racks. The data center rack market is predicted to only face a small COVID-19 effect because of the considerable transition, despite the fact that COVID-19 has had a significant influence on numerous industries.

Data Center Rack Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Black Box, Dell Technologies Inc., Eaton Corporation, Fujitsu, Great Lakes Data Racks & Cabinets, Hewlett Packard Enterprise Developments LP, Oracle Corporation, Rittal GmbH & Co. KG, Samsung Electronics Co., Ltd, Schneider Electric.

Global Data Center Rack Market Segmentation:

By Component: Based on the Component, Global Data Center Rack Market is segmented as; Services, Solution.

By Services: Based on the Services, Global Data Center Rack Market is segmented as; Design and Consulting, Installation, Maintenance and Supports.

By Rack Type: Based on the Rack Type, Global Data Center Rack Market is segmented as; Cabinets, Open Frame.

By Rack Height: Based on the Rack Height, Global Data Center Rack Market is segmented as; 42U and below, 43U – 52U, Above 52U.

By Rack Width: Based on the Rack Width, Global Data Center Rack Market is segmented as; 19 Inch, 23 Inch, Others.

By Data Center Size: Based on the Data Center Size, Global Data Center Rack Market is segmented as; Large Data Centers, Small and Mid-sized Data Centers.

By End User: Based on the End User, Global Data Center Rack Market is segmented as; BFSI, Energy and Utilities, Government and Defense, Healthcare, IT and Telecom, Manufacturing, Media and Entertainment, Transportation and Logistics, Others.

By Region: By geographic share, the data center rack market was dominated by North America. The data center rack market in North America is expected to witness robust expansion due to rising investments in cutting-edge technologies and rising use of data center rack solutions to enhance enterprises and consumer experiences. However, during the forecast period, Asia-Pacific is anticipated to experience the fastest growth. This is related to the increased adoption of cutting-edge technology and the penetration of digitalization, which are driving the expansion of the data center rack market in this area.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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