A data center rack is a kind of physical steel and electronic framework which is designed to house servers, cables, networking devices, and other data computing equipments. Data center rack holds other components including, telecommunication equipment, UPS, and cooling systems. It is one of the finest organization tools for all electronics. Data center racks provide proper airflow so that changes in temperature do not damage internal workings of the technology. Data racks helps organizations to keep data up to date and expensive technology organized and protected.
Growing server density and increase of data center colocation facilities across the globe are the key factors proliferating the growth of the Data Center Rack market. Colocation data centers are gaining traction among companies in order to scale and expand capacity of business operations. Organizations consider colocation data centers as ideal partners for their existing and future needs as such data centers are helpful while launching a new application and aids in increasing power and storage. Additionally, high internet usage, rise of edge computing, and deployment of IoT is increasing the deployment of colocation data centers, which is further accelerating the demand for data centers rack. Data center racks have high density which helps data centers to pack more computing power into smaller space, helping businesses to locate data centers in small locations. This further reduces physical infrastructure costs and fixed overhead cost. Moreover, having a few numbers of data center racks helps makes it easier to manage computing infrastructure. Therefore, adoption of colocation data centers is enhancing the growth of data center rack among businesses all across the globe. However, fulfilling adequate cooling requirements might be challenging for business, which could hamper the growth of the market.
On the basis of component, the market is segmented into solutions and services. Among these, the services segment would register higher CAGR during the forecast period. This is due to the high demand of data center rack installation as installation is a complex process and required skilled technical professionals. Installation services includes, cooling, cabling, infrastructure, and mounting of server.
Based on rack height, the market is segmented into 42U and below, 43U upto 52U, above 52U. Among these, the 42U and below is expected to witness higher CAGR during the forecast period as it is compatible with almost all server manufacturer’s equipments. It is easily customizable and can handle heaviest load i.e. more than 1000 lbs. 42U frame design prevents liquid from collecting on gasket and from penetrating the side panel or door when opened. The frame system provides multiple internal surfaces and point for mounting accessories and equipment.
On the basis of vertical, the market is segmented into BFSI, IT & telecom, government & defense, retail, manufacturing, healthcare, energy & utilities, and others. Among these, the IT & telecom industry is projected to grow at a higher CAGR during the forecast period attributed to the amount of data being stored or produced by the industry. The usage of mobile data and subscription is increasing data traffic and the introduction of cloud and 5G technology is increasing the demand for the data center racks in IT & telecom industry.
On the basis of region, Asia-Pacific is projected to grow at a higher CAGR during the forecast period. This is attributed to the rising energy efficiency, data traffic, and increasing deployment of data centers in developing countries including, China, India, and Japan. Additionally, increasing investment on businesses and shift of businesses toward digitalization is accelerating the growth of Data Center Rack market in the region.
The key players in the market includes Eaton Corporation Plc, Rittal GmbH & Co. KG, Hewlett Packard Enterprise (HPE) Company, IBM Corporation, Cisco Systems, Inc, Fujitsu Limited, Dell Technologies, Inc, Schneider Electric, Vertiv Group Corporation, and AGC Networks Limited among others.
The Global Data Center Rack market has been segmented based on Component, Type, Height, Width, Size, Vertical, and Region. Based on Component, the market is segmented into Solutions and Services. Based on Type, market is segmented into Open Frame and Cabinets. Based on Height, the market is segmented into 42U and Below, 43U upto 52U, and Above 52U. Based on Width, the market is segmented into 19 Inch, 23 Inch, and Others. Based on Data Center Size, the market is segmented into Small and Medium Sized data centers and Large data centers. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government & Defense, Retail, Manufacturing, Healthcare, Energy & Utilities, and Others.
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