Global Data Center Rack Market Overview
According to SPER Market Research, the Global Data Center Rack Market is estimated to reach USD 10.36 billion by 2032 with a CAGR of 8.94%.
Designed to hold servers and other data center computing hardware, a data center rack is a structure. To keep everything neatly arranged, data center racks are a crucial component. The design of a data center rack makes it simple to install networking equipment, cables, and data center equipment. Racks are primarily made to hold devices including networking hardware, telecommunications hardware, cooling systems, and UPS. Additionally, there are several form factors for data center racks, such as rack-mounted or blade servers. Most racks are made with certain slots that make it simple to attach internet, networking, and electrical cables. For proper cooling of the data center, it is also crucial. Racks with adequate ventilation allow the components to be cooled by air movement.
Additionally, racks can shield priceless equipment from impacts and natural disasters like earthquakes. As a result of these advantages, a lot of firms in the IT, retail, and other sectors are using data center rack. During the anticipated period, this element generates profitable market expansion prospects. 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.
As a result, the need for data centers is expanding, which increases the need for the racks needed to store various pieces of networking and IT equipment. 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 affordable rack solutions with corrosion resistance, thermal management, system expandability, and compatibility with other technologies is another reason boosting the adoption rates of these racks.
Impact of COVID-19 on the Global Data Center Rack Market
The COVID-19 epidemic is helping the data center rack industry grow because data center rack technologies are assisting businesses in meeting the high-capacity need for data storage. As the need for data storage rises, there is an increasing need to make sure the data center rack service provider has the capacity and ability to supply data center rack solutions with excellent performance. Because of this, service providers like local data center operators and providers are investing a lot in data center rack for a variety of use cases. Additionally, the COVID-19 pandemic presents an opportunity for the data center rack market forecast since businesses all over the world are implementing data center rack to support work-from-home initiatives and enable their business goals. For instance, in the Middle East, the simultaneous effects of COVID-19 and the significant drop in oil prices have had numerous economic ramifications throughout the Gulf region. They have dramatically lowered demand for data center rack service in the area by causing the petroleum industry, which is already struggling with the global slump, to experience a demand shock. The COVID-19 virus has spread quickly, significantly increasing data traffic. Additionally, a rise in storage capacity needs has been noted as a result of the epidemic brought on by the growth of emerging technologies like artificial intelligence (AI), big data, and the Internet of Things (IoT). This will continue to fuel investments in data center racks all over the world. Despite the fact that COVID-19 has had a significant impact on many industries, the data center rack market is anticipated to experience only a moderate COVID-19 effect because of the significant shift toward digital transformation, rise in data analytics investments, rise in adoption of AI and ML, introduction of autonomous vehicles and drones, and rise in demand for tracking real-time information. During the anticipated period, these trends are anticipated to strengthen market trends for data center racks.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Component, By Services, By Rack Type, By Rack Height, By Rack Width, By Data Center Size, By End User
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | 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
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Global Data Center Rack Market Segmentation:
1. By Component:
2. By Services:
- Design and Consulting
- Installation
- Maintenance and Supports
3. By Rack Type:
4. By Rack Height:
- 42U and below
- 43U – 52U
- Above 52U
5. By Rack Width:
6. By Data Center Size:
- Large Data Centers
- Small and Mid-sized Data Centers
7. By End User:
- BFSI
- Energy and Utilities
- Government and Defense
- Healthcare
- IT and Telecom
- Manufacturing
8. By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Data Center Rack Market Size (FY’2019-FY’2032)
- Overview of Global Data Center Rack Market
- Segmentation of Global Data Center Rack Market By Component (Services, Solution)
- Segmentation of Global Data Center Rack Market By Services (Design and Consulting, Installation, Maintenance and Supports)
- Segmentation of Global Data Center Rack Market By Rack Type (Cabinets, Open Frame)
- Segmentation of Global Data Center Rack Market By Rack Height (42U and below, 43U – 52U, Above 52U)
- Segmentation of Global Data Center Rack Market By Rack Width (19 Inch, 23 Inch, Others)
- Segmentation of Global Data Center Rack Market By Data Center Size (Large Data Centers, Small and Mid-sized Data Centers)
- Segmentation of Global Data Center Rack Market By End User (BFSI, Energy and Utilities, Government and Defense, Healthcare, IT and Telecom, Manufacturing, Media and Entertainment, Transportation and Logistics, Others)
- Statistical Snap of Global Data Center Rack Market
- Global Data Center Rack Market Growth Analysis
- Problems and Challenges in Global Data Center Rack Market
- Global Data Center Rack Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Data Center Rack Market
- Details on Recent Investment in Global Data Center Rack Market
- Competitive Analysis of Global Data Center Rack Market
- Global Data Center Rack Market Major Players
- SWOT Analysis of Global Data Center Rack Market
- Global Data Center Rack Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst