Data Center Rack Market is projected for stupendous growth at 10.1% CAGR during 2023-2033
According to the Market Statsville Group (MSG), the?global data center rack market?size was valued at?USD 4,103.7 million in 2022, which?is expected to reach?USD 10,391.5?million by 2033, at a?CAGR of 10.1%?from 2023 to 2033.
A data center rack is a type of electronic framework and physical steel that is designed for networking devices, house servers, cables and other data center computing equipment. This physical structure provides orchestration and equipment placement within a data center facility. The factors that are driving the data center rack market are surge in deployment in colocation or data center whitespace facilities, higher data center investments, increasing server density and adoption of the data center rack architecture. A certain amount of market growth is hampered by hyperconverged infrastructure that provides rack-scale platforms in data centers. Hyperscale transformation and the adoption of durable racks can provide opportunities for vendors in the global data center rack market around the globe.
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Global Data Center Rack Market Definition
A data center rack is a type of electronic framework and physical steel that is designed to networking devices, house servers, cables and other data center computing equipment. This physical structure provides orchestration and equipment placement within a data center facility. This physical structure provides orchestration and equipment placement within a data center facility. A data center rack is primarily intended to host servers in various configurations such as rack-mounted or blade servers.. Although they are mainly designed to hold the servers, some are designed to hold other components, such as cooling systems,?networking equipment, cooling systems, telecommunication equipment and uninterruptible power supply (UPS).
Electrical, networking, and Internet cables are usually connected to each rack through slots that are prefabricated. Racks in data centers are designed systematically and classified according to their capacity or number of bays - to put it simply, how much equipment they can hold.??
COVID-19 Impact on the Global Data Center Rack Market
COVID-19 has impacted business continuity across entire economies. The COVID-19 pandemic is affecting organizations of all sizes, in every industry. The effect of COVID-19 has disrupted data center transformation. Data center services such as video gaming, cloud computing, internet exchanges, content delivery networks, and other online services have grown as a result of initiatives such as work from home and lockdown. Data center companies are being forced to improve their infrastructure, which is expected to drive the market's growth in the forecast period.
A large number of companies use hyperscale data centers' web services to build algorithms that recognize, classify, and analyze relationships in data to recommend content, tag photos, and deliver relevant advertising. As a result of COVID-19, a handful of data center projects have been slowed down????????????
Global Data Center Rack Market Dynamics
Drivers:?Increase of data center colocation facilities
Instead of renting a server in colocation, client rents a rack space and then get a server of his own. The idea behind colocation is to make data center as easy as possible. Thus, when clients collocates server, they move some essential hardware to convenient data center. It is advantageous to use server colocation services in order to ensure high availability of servers without requiring firms to spend money on features such as rack space, bandwidth, firewalls, or cooling. Another big advantage for companies that opt for colocation services is data privacy and security. Colocation allows the organizations to expand its infrastructure without investing too much on capital expenses. A factor that promotes the growth of the market is also effective cable management, host servers, and airflow facilitation for high-performance data centers.
Restraints:?Inadequate cooling system
It is a complex task to manage the data center cable. An improper cable management system can cause problems throughout an entire enterprise, including unstructured cabinets, difficulty installing equipment, and lengthy maintenance periods. Inadequate cooling system in data centers create dangerous environment for the organization that are dealing with large quantity of data. Many organizations are investing resources and time in the implementation, planning, and ongoing maintenance of their network infrastructure.
Opportunities:?Increase in investment and upgrade in technology
Data center growth is attributed to the growing number of data centers due to government, large business and organization investment in IT infrastructure, as the businesses adopting cloud based technology to maintain or to secure their data privacy. In additional, the rising penetration of 5G specially in India and in some countries are adopting the advanced technologies such as AI, IoT, machine learning, big data, and other are also propelling the opportunities of the data center rack in the market around globally.
Scope of the Global Data Center Rack Market
The study categorizes the data center rack market based on component, service, rack type, vertical, rack height, and data central size at the regional and global levels.
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By Component Outlook?(Sales, USD Million, 2017-2033)
By Service Outlook?(Sales, USD Million, 2017-2033)
By Rack Type Outlook?(Sales, USD Million, 2017-2033)
By Vertical Outlook?(Sales, USD Million, 2017-2033)
By Rack Height Outlook?(Sales, USD Million, 2017-2033)
By Data Center Size Outlook (Sales, USD Million, 2017-2030)
By Region Outlook?(Sales, USD Million, 2017-2030)
The small and mid-sized data centers segment?is projected to exhibit the highest CAGR during the forecast period, by data center size
On the bases of data size there are two type of size small and mid-sized data centers and large data centers. Small and mid-sized data centers accounts the highest CAGR for the forecasting period. Data centers with only 21,000 square feet and below of computing space are come under this segment. These data centers usually hold anywhere between 1 to 700 racks. With high-density data centers, organizations can handle higher volumes of data by packing multiple servers into a small space. However, high-density facilities need to be specialized enclosures to support their additional cooling system. Rack enclosures are expected to drive the adoption of data center rack solutions in small and mid-sized data centers.
North America?accounts for the highest?market share for the forecast period?
North America is expected to account for the largest market size during the forecast period because of the huge amount of a modern infrastructure and data center facilities available in that region. The demand for data center racks is expected to rise due to optimum space utilization and better performance requirements in this side of the region. A strong economic landscape,?high technology assimilation, huge IT budgets and the early adoption of advanced technologies, including edge computing, High Performance Computing (HPC), and artificial intelligence (AI), are expected to boost enterprise demand for data center services and solutions.
Competitive Landscape -?Global Data Center Rack Market
Major players in the global data center rack market are: