PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1367809
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1367809
The global data center rack market is expected to grow at a CAGR of 7.42% from 2022-2028.
KEY HIGHLIGHTS
SEGMENTATION ANALYSIS
Segmentation by Product
Segmentation by End-Users
Segmentation by Rack Size
MARKET TRENDS & OPPORTUNITIES
Increasing Deployments of Edge Data Centers
The increase in edge data center installations is expected to boost the demand for racks in data centers. Edge data centers are smaller and located closer to where data is used, like smart devices and apps. This means there's a need for compact racks that fit well in smaller spaces. These racks might also need to be flexible to hold different types of equipment and help with cooling and power distribution to keep things running smoothly. Moreover, the demand for edge data centers has significantly increased due to increased data generation. As a result, data center racks and cabinets have become essential components of a business's IT infrastructure, thereby supporting the data center rack market growth.
The Procurement of Open Rack Architecture
Open rack infrastructure adoption in data centers has been increasing in recent years, driven by the need for greater flexibility, interoperability, and cost savings. Open rack infrastructure refers to a standardized rack and power distribution unit (PDU) design that enables users to easily mix and match hardware components from different vendors. Hence, standardized rack designs can work with various equipment rather than racks with specific designs that only fit certain things. Using these open racks allows data centers to be more flexible with their equipment, saving money and making operations more efficient. This trend also encourages collaboration among companies to develop improved ideas for racks and equipment.
GEOGRAPHICAL ANALYSIS
The APAC region holds the most significant data center rack market share and is expected to grow with a CAGR of around 8.52% during the forecast period. Within APAC, organizations are constructing high-performance-computing data centers, which is anticipated to increase the demand for cutting-edge, high-capacity racks. China boasts a thriving digital economy, increasing both rack infrastructure spending and support infrastructure investments. Key sectors driving digitalization in the region include e-commerce, real estate, BFSI (Banking, Financial Services, and Insurance), healthcare, and government. Recently, the surging demand for high-bandwidth data services and the global upsurge in internet service usage have triggered an increased adoption of high-capacity racks designed to accommodate multiple servers.
Segmentation by Geography
VENDOR LANDSCAPE
Collaborative alliances between data center operators and rack vendors on a global scale are boosting the growth of the worldwide data center rack market. Numerous support infrastructure providers, including Schneider Electric, Vertiv Group, Eaton, Rittal, and Legrand, offer rack infrastructure solutions within this market. Meanwhile, IT infrastructure providers such as HPE, Dell Technologies, and IBM have joined forces with other vendors to supply pre-installed IT infrastructure solutions to data centers. Revenue generation for these vendors hinges on a combination of factors, including the diversity of their product offerings, product pricing, and the quality of pre- and post-installation services they provide. Furthermore, local and global providers are prominent in the data center rack market.
Prominent Data Center Rack Providers
Other Prominent Data Center Rack Providers
KEY QUESTIONS ANSWERED: