The Data Center Rack Market was estimated around USD 3.8 billion in 2021 and expected to touch USD 6.6 billion in 2029 and is predicted to grow at CAGR of 7.1% during 2022-2029.
The factors driving the growth of Data Center Rack Market includes emerging need to store the data generated from smart homes, cities and grids, introduction of low-cost rack solutions, rising focus by major corporation on reducing operational and capital costs, improvements in the IT infrastructure and increasing number of internet users around the world. As per the data available at World Bank, individually using internet penetration rates as a percentage of population worldwide has increase from 46% in 2017 to 60% in 2020, which is expected to accelerate the Data Center Rack Market size in the approaching years. Moreover, growing adoption of advanced technologies such as Edge Computing, Artificial Intelligence (AI) and Machine Learning (ML), expansion of the data center facilities and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, improvements in the living standards, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Data Center Rack Market is hindered due to interoperability issues and lack of common standards.
The major players operating in the Data Center Rack Market are AGC Networks Limited, IBM Corporation, Cisco Systems, Inc, Fujitsu Limited, Eaton Corporation Plc, Rittal GmbH & Co. KG, Hewlett Packard Enterprise (HPE) Company, Dell Technologies, Inc, Schneider Electric and Vertiv Group Corporation, among others.
Based on Heigh, the 42U and Below segment is predicted to grow at a significant CAGR during the forecast period
42U and below sized racks are easily customizable and prevents liquid from collecting on gasket, are propelling growth of the segment.
Based on Vertical, the IT and Telecom segment is projected to expand at a robust CAGR over the forecast period
Increasing amount of data generated in It and Telecom industry, rising use of mobile data and subscription and growing adoption of cloud technology, are some of the factors responsible for the segment’s growth.
Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period
Increasing number of data centers across India, China, Japan, and Singapore, growing adoption of advanced technologies by major companies, rapid urbanization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Segmentation by Component
- Solutions
- Services
- Design and Consulting
- Installation
- Maintenance and Support
Segmentation by Type
- Open Frame
- Cabinets
Segmentation by Height
- 42U and Below
- 43U up to 52U
- Above 52U
Segmentation by Width
- 19 Inch
- 23 Inch
- Others (24 Inch and 28 Inch)
Segmentation by Data Center Size
- Small and Mid-sized Data Centers
- Large Data Centers
Segmentation by Vertical
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Government and Defense
- Retail
- Manufacturing
- Healthcare
- Energy and Utilities
- Others (Media and Entertainment, and Transportation and Logistics)
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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