Data Center Rack Market: Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2023-2029 | Report By Introspective Market Research
Market Overview:
The Data Center Rack Market Is Expected To Grow At A Significant Growth Rate Over The Forecast Period 2022-2028, Considering Base Year As 2021.
Servers, routers, switches, and other network hardware are kept in a data center rack, an electronic structure. Data center racks are installed in order to manage the infrastructure in data centers. In the manufacturing, retail, BFSI, information technology, and telecommunications industries, these are often utilized. A growth in the use of data center solutions, which enable quick and efficient management of data center networks, is predicted to help the market’s expansion. Rack systems allow for the safe support of numerous servers. Modern racks come with features like power control, cooling, networking, and cable management.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
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Market Dynamics and Factors:
The industry has already grown as a result of the rising use of data-intensive techniques like analytics, AI, and machine learning, as well as cloud computing and IoT. Data centers feature rack designs that can fit more servers per unit area to increase efficiency and performance. Businesses on the market additionally provide specialized racks to fulfil the distinct needs of the businesses. A rack transportation system is required to support cable management and maintain airflow with the greatest amount of flexibility for the rapidly expanding server and networking applications, including AI and IoT. The market’s expanding global cloud technology and machine learning will be advantageous to the sector.
Information technology is an architectural framework in which data produced by IoT devices is handled at the network’s edge, typically near to the data source. The concepts of a connected car, house, connected health, and smart cities are becoming more and more popular. Edge computing facilities will be required as a result of the increasing number of IoT-enabled devices. The commercial rollout of 5G will also significantly expand the market. Consequently, during the anticipated time, these variables will accelerate market expansion.
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Top Key Players Covered In The Data Center Rack Market:
- Schneider Electric SE (Europe)
- Belden Inc. (US)
- Cisco Systems Inc. (US)
- Chatsworth Products (US)
- Dell Inc. (US)
- Vertiv Group Corp. (USA)
- Socomec (USA)
- Toshiba Corporation (Japan)
- Vertiv Co. (US)
- Xiamen Kehua Hengsheng Co. Ltd. (China) and other major key players.
Data Center Rack Market Report Highlight:
- By Component, the services segment has the highest growth market share in the upcoming year. Data center rack market expansion for this sector is further fueled by the adoption of services that improve software implementation, optimize existing installations, and reduce deployment costs and risks, and other factors.
- By Rack Type, the open frame segment is expected to have the highest share of the Data Center Rack market over the projected period. The product lines include wall mount enclosure, open frame, and rack enclosure series. In order to standardize the data center architecture, the Open Compute Project group has also started a rack and power initiative for the racks used in data centers.
- By end-users, the BFSI segment is set to develop at the highest share during the forecasted timeframe. The BFSI industry is expanding into new areas and communicating with a lot of traffic, therefore processing payments requires a stable and consistent infrastructure. Additionally, the BFSI industry oversees millions of real and virtual servers.
- The North American region is expected to have the highest share of the Data Center Rack market over the projected period. The presence of the prominent key players, as well as an increase in technological advancement, are the main factors driving the development of the market in this region.
Key Industry Development:
In June 2021, HPE’s Modular Data center (MDC) unit was designed for agility in performance; with movable flooring and server row entrances, the HPE DC8 (EMEA) enables frequent come-and-go traffic and easy access for testing and changes. The unit is energy-efficient, closely coupled, and contains chilled water-cooling system. Its movable rack floor is for easy front and rear rack access from inside of the HPE MDC.
June 2020, with adjustable flooring and server row doors, the HPE DC8 (EMEA) offers frequent come-and-go traffic as well as simple access for testing and adjustments. HPE’s Modular Data Center (MDC) unit was intended for agility in performance. The device has a chilled water-cooling system, is tightly connected, and is energy efficient. Easy front and rear rack access from inside the HPE MDC are made possible by its mobile rack floor.
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Data Center Rack Market Segmentation:
By Component
- Solutions
- Services
By Rack Type
- Open Frame
- Cabinets
By End Users
- BFSI
- IT and Telecommunications
- Government and Defense
- Healthcare
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For This Report, Introspective Market Research Has Segmented The Data Center Rack Market Based On Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
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Scope of the Report:
The latest research on the Data Center Rack market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Data Center Rack industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Data Center Rack market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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