Market Research Report
Data Center Rack Market by Component (Solutions and Services), Rack Type (Open Frame and Cabinets), Rack Height, Rack Width, Data Center Size (Small and Mid-sized Data Centers and Large Data Centers), Vertical, and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||930819|
|Published||Content info||148 Pages
Delivery time: 1-2 business days
|Data Center Rack Market by Component (Solutions and Services), Rack Type (Open Frame and Cabinets), Rack Height, Rack Width, Data Center Size (Small and Mid-sized Data Centers and Large Data Centers), Vertical, and Region - Global Forecast to 2025|
|Published: March 30, 2020||Content info: 148 Pages||
"Increasing number of colocation facilities and increasing server density to drive the data center rack market growth"
The global data center rack market is expected to grow from USD 3.8 billion in 2020 to USD 5.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period. Factors driving the growth of the data center rack market include the increasing deployment in colocation facilities and the increasing server density.
Open frame racks are typically used for mounting networking equipment. These data racks provide unobstructed airflow along with fast and easy access to the installed equipment. Open frame racks provide simple, low cost mounting means for rack-mount equipment across IT environments. These racks can further be divided into 2-post and 4-post racks on the basis of the number of posts; 2 post racks are ideal for mounting hubs, patch panels shelves. They are more affordable than the 4 post racks.
BFSI vertical is increasingly adopting data center racks owing to the growing number of data centers being setup to handle a large number of customer transactions. The BFSI sector deals with huge amounts of personal data of customers on a regular basis. To store and manage this huge data, the sector requires incredible IT equipment. Reliable data centers are required to offer uninterruptible financial services and improve the response time for running end user applications. The BFSI sector is also expanding to new markets and handles huge traffic that requires reliable infrastructure for handling transactions.
The high growth of the market in Asia Pacific (APAC) is attributed to the increasing adoption of data center rack software to match the rapid pace of advancement. However, the increasing adoption of hyperconverged infrastructure is expected to restrain market growth across the region.
In-depth interviews were conducted with the Chief Executive Officers (CEOs), Chief Marketing Officers (CMO), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the data center rack market.
The data center rack market comprises major providers, such as Eaton (Ireland), Rittal (Germany), HPE (US), IBM (US), Cisco (US), Fujitsu (Japan), Dell (US), Schneider Electric (France), Vertiv (US), AGC Networks (India), Legrand (France), Oracle (US), Belden (US), nVent (UK), Panduit (US), Great Lakes Data Racks & Cabinets(US), Tripp Lite (US), IMS Engineered Products (US), Rahi Systems (US), and Chatsworth Products (US). The study includes an in-depth competitive analysis of these key players in the data center rack market with their company profiles, recent developments, and key market strategies.
The data center rack market revenue is primarily classified into revenues from solutions and services. The market is also segmented by component (solutions and services), rack type, rack height, rack width, data center size, vertical, and region.
The report would help market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall data center rack market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report would also help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Organic & Inorganic growth strategies)*
Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Organic & Inorganic growth strategies might not be captured in case of unlisted companies.