More
    HomeTechnologyData Center Rack Market On The Rise | Growth & Industry Trends

    Data Center Rack Market On The Rise | Growth & Industry Trends

    Published on

    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.

    Get a Sample Report of Data Center Rack Market @ https://www.snsinsider.com/sample-request/1579

    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

    1. Introduction
    2. Research Methodology
    3. Market Dynamics
    4. Impact Analysis
      • COVID-19 Impact Analysis
      • Impact of Ukraine- Russia war
      • Impact of ongoing Recession on Major Economies
    5. Value Chain Analysis
    6. Porter’s 5 Forces Model
    7. PEST Analysis
    8. Data Center Rack Market Segmentation, by Component
    9. Data Center Rack Market Segmentation, by Rack Type
    10. Data Center Rack Market Segmentation, by Data Center Size
    11. Data Center Rack Market Segmentation, by Vertical
    12. Regional Analysis
    13. Company Profiles
    14. Competitive Landscape
    15. Conclusion

    Read Our Other Reports:

    Enterprise Metadata Management (EMM) Market Report

    Latest articles

    Industrial Diesel Turbocharger Market Growth by Segmentation, Opportunities, Key Players, and Forecast to 2030

    Industrial Diesel Turbocharger Market size is projected to reach 7.59 Bn by 2030, With...

    Automotive Airbag Fabric Market With Current and Future Growth Analysis by Forecast by 2030

    The global Automotive Airbag Fabric Market size is projected to reach at USD 54.58 Bn...

    Automotive Carbon Canister Market Analysis, Applications, New Technology, Trends, and Forecast by 2030

    The global automotive carbon canister market size is projected grow at 4.5% CAGR by 2030,...

    Automotive Brake Shoe Market Growth, In-depth Analysis, Dynamics, Drivers, and Challenges (2023-2030)

    Automotive Brake Shoe Market size is projected to reach 17.63 Bn by 2030, As...

    More like this

    Industrial Diesel Turbocharger Market Growth by Segmentation, Opportunities, Key Players, and Forecast to 2030

    Industrial Diesel Turbocharger Market size is projected to reach 7.59 Bn by 2030, With...

    Automotive Airbag Fabric Market With Current and Future Growth Analysis by Forecast by 2030

    The global Automotive Airbag Fabric Market size is projected to reach at USD 54.58 Bn...

    Automotive Carbon Canister Market Analysis, Applications, New Technology, Trends, and Forecast by 2030

    The global automotive carbon canister market size is projected grow at 4.5% CAGR by 2030,...