Meeting the Rising Demand: Adoption of Durable Racks and Colocation Facilities Driving Market Growth
The SNS Insider report reveals that the Data Center Rack Market, valued at USD 4.97 billion in 2022, is projected to reach USD 9.84 billion by 2030. With a compound annual growth rate (CAGR) of 8.9%, this growth is fueled by factors such as the adoption of durable racks, surge in deployment in colocation facilities, increasing server density, higher data center investments, and the adoption of data center rack architecture.
Data Center Rack Market Report Scope
A data center rack is a crucial framework designed to house servers and other data center computing equipment. Serving as an organizational backbone, data center racks accommodate networking devices, cooling systems, and UPS. With various form factors like rack-mounted or blade servers, these racks facilitate the efficient connection of electrical, networking, and internet cables. Apart from offering proper airflow for cooling, racks also provide protection against impacts and disasters.
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Major Key Players Included in the Report are:
- Schneider Electric SE
- Belden Inc
- Cisco Systems Inc
- Chatsworth Products
- Dell Inc
- Hewlett Packard Development LP
- Oracle Corporation
- Rittal
- Fujitsu Limited
- Vertiv Group Corp
- Others
Data Center Rack Market Analysis
The data center rack market is experiencing robust growth, driven by the increasing adoption of durable racks, surge in colocation facility deployment, and the need for efficient handling of network services through Software-defined Data Center (SDDC). Initiatives for data center optimization further contribute to market opportunities. Notably, the 43U to 52U rack height segment is anticipated to witness the highest growth, catering to rising space constraints. Small and mid-sized data centers, striving for optimum space utilization, are also driving market expansion. The consumer and retail vertical, characterized by data-intensity, is set to grow substantially, particularly with the surge in hyperscale data centers.
Market Segmentation Analysis
The 43U to 52U rack height segment is anticipated to hold the highest CAGR during the forecast period, driven by the rising need for larger rack sizes due to space constraints. Small and mid-sized data centers, focusing on optimizing existing space, are expected to grow at a higher CAGR. The consumer and retail vertical, with its data-intensive nature, is projected to witness the highest CAGR, driven by the surge in hyperscale data centers.
Market Segmentation and Sub-Segmentation Included Are:
On The Basis of Component
- Solutions
- Services
On The Basis of Rack Type
- Cabinets
- Open Frame
On The Basis of Data Center Size
- Large Data Centers
- Small and Mid-sized Data Centers
On The Basis of Industry Verticals
- Healthcare
- Transportation
- Energy & Utilities
- IT & Telecommunication
- Banking, Financial Services and Insurance (BFSI)
- Government & Defense
- Media & Entertainment
- Others
Key Regional Development
North America dominated the market share in 2021 due to increased investment in advanced technologies and the rising adoption of data center rack solutions. Meanwhile, Asia-Pacific is expected to exhibit the highest growth during the forecast period, propelled by increased digitalization penetration and the adoption of advanced technology.
Key Takeaways from the Data Center Rack Market Report
- The data center rack market is poised to surpass USD 9.84 billion by 2030, driven by factors like increased server density and adoption of data center rack architecture.
- The 43U to 52U rack height segment is expected to hold the highest CAGR, addressing space constraints across organizations.
- North America leads the market share, while Asia-Pacific is anticipated to experience the highest growth.
Recent Developments
- In October 2022, NetRack introduced iRack Block for large requirements, a step towards intelligent infra capsules or modular data centers.
- June 2021 witnessed the launch of HPE’s Modular Data Center (MDC) unit, designed for agility in performance and energy efficiency.
- IBM’s Cloud Pak for Data System 1.0.7.7, introduced in April 2021, integrated essential hardware building blocks, offering consolidated, single-rack, or multi-rack systems ready for deployment.
Table of Contents – Major Key Points
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- COVID-19 Impact Analysis
- Impact of Ukraine- Russia war
- Impact of ongoing Recession on Major Economies
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Data Center Rack Market Segmentation, by Component
- Data Center Rack Market Segmentation, by Rack Type
- Data Center Rack Market Segmentation, by Data Center Size
- Data Center Rack Market Segmentation, by Vertical
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Conclusion
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