Market Research Report
Data Center Rack & Enclosure Market Size By Component, By Application, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027
|Data Center Rack & Enclosure Market Size By Component, By Application, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027|
Published: July 20, 2021
Global Market Insights Inc.
Content info: 300 Pages
Delivery time: 2-3 business days
The data center rack & enclosure market is expected to showcase robust growth by 2027 driven by the rising prevalence of data centers in key regions across the globe. Furthermore, increasing expenditure by industry leaders for scaling data centers to accommodate the soaring demand for cloud computing is projected to further fuel market expansion over the forecast period.
Notably, industry players have been expanding their offerings to extend their consumer reach, which has been favorable for business outlook. For instance, in March 2021, Rittal, a German rack and enclosure provider for data centers, entered into an agreement to incorporate a range of chillers & cooling systems from Stulz into its offerings.
The deal combined Rittal's IT enclosures and power supplies as well as DCIM software and monitoring with Stulz's free-cooling products, liquid-based chillers, and other chillers. The two companies set out to produce customized end-to-end systems with global lifelong support DCIM, monitoring, and other services.
For in-depth assessment, the data center rack & enclosure market has been segmented based on component, application, and region. In terms of component, the market has been divided into solution and service.
With regards to solution, the component segment has further been segregated into frame size (19-inch rack and other racks), rack unit (42u, 36u, 45 & 48u, and other rack units), and frame design (enclosed rack, open frame rack, and customized rack).
The 19-inch rack frame size segment is estimated to observe considerable growth by 2027, delivering a prominent CAGR through the assessment timeframe. Since most IT equipment are 19 inches wide, surging adoption of standard 19-inch racks is being observed globally, which is set to boost segmental revenue in the coming years.
In terms of service, the component segment has been bifurcated into professional and managed. Professional services are projected to expand at a notable pace to reach a sizable valuation by the end of 2027. Burgeoning demand for professional services to enable the migration from traditional IT infrastructures to modular and cloud data center systems is likely to drive segmental adoption over the forthcoming years.
From the perspective of application, the data center rack & enclosure market has been categorized into energy, BFSI, colocation, healthcare, government, IT & telecom, manufacturing, and others. The IT & telecom sub-segment contributes significantly to the overall market revenue and is calculated to amass profitable gains over 2021-2027. Driven by the advent of 5G technology, the IT & telecom infrastructure has undergone rapid development, thereby increasing the need for establishment of new data centers, which is anticipated to positively influence segmental outlook.
In the regional landscape, the South America data center rack & enclosure market is projected to exhibit steady growth by 2027, delivering a stable CAGR through the forecast period. The expanding colocation industry in South America is slated to create substantial growth opportunities for the regional market in the future.