Data Center Rack Market Size 2023, Revenue, Trends, Key Players Strategies, Future Investments and Forecast 2032: SPER Market Research
According to SPER Market Research, the Data Center Rack Market 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.
Data Center Rack Market Overview:
- Forecast CAGR (2022-2032): 8.94%.
- Forecast Market Size (2032): 10.36 billion.
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.
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Data Center Rack Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- Design and Consulting
- Maintenance and Supports
By Rack Type:
- Open Frame
By Rack Height:
- 42U and below
- 43U – 52U
- Above 52U
By Rack Width:
- 19 Inch
- 23 Inch
By Data Center Size:
- Large Data Centers
- Small and Mid-sized Data Centers
By End User:
- Energy and Utilities
- Government and Defense
- IT and Telecom
- Middle East
- North America
- Latin America
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.
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.
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Data Center Rack Market Trends
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SPER Market Research