Analysts at GMI Research estimates that the Data Center Rack Market was worth USD 3.8 billion in 2021, and forecast to touch USD 6.6 billion in 2029, growing at a CAGR of 7.1% from 2022-2029.

 

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Key Drivers

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.

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Component – Segment Analysis

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.

Height – Segment Analysis

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.

Vertical – Segment Analysis

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.

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Regional – Segment Analysis

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.

Top Market Players

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.

Segments covered in the Report:

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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Key questions answered in this research report:

• • At what pace is the global Data Center Rack market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global Data Center Rack market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Data Center Rack market?
  • What are the applications in global Data Center Rack market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
  • Which component generated maximum revenues in 2021 and identify the most promising components during the forecast period?

Report Coverage	Details
Market Revenues (2021)	USD 3.8 Billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Type, By Height, By Width, By Data Center Size, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	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, AGC Networks Limited among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Data Center Rack Market by Component

• • Solutions
  • Services
    • Design and Consulting
    • Installation
    • Maintenance and Support

Global Data Center Rack Market by Type

• • Open Frame
  • Cabinets

Global Data Center Rack Market by Height

• • 42U and Below
  • 43U up to 52U
  • Above 52U

Global Data Center Rack Market by Width

• • 19 Inch
  • 23 Inch
  • Others (24 Inch and 28 Inch)

Global Data Center Rack Market by Data Center Size

• • Small and Mid-sized Data Centers
  • Large Data Centers

Global Data Center Rack Market by Vertical

• • Banking, Financial Services, and Insurance (BFSI)
  • IT and Telecom
  • Government and Defense
  • Retail
  • Manufacturing
  • Healthcare
  • Energy and Utilities
  • Others (Media and Entertainment, and Transportation and Logistics)

Global Data Center Rack Market by Region

• • North America Data Center Rack Market(Option 1: As a part of the free 25% customization)
    • By Component
    • By Type
    • By Height
    • By Width
    • By Data Center Size
    • By Vertical
    • United States of America (US) Market All-Up
    • Canada Market All-Up

• • Europe Data Center Rack Market(Option 2: As a part of the free 25% customization)

• • • By Component
    • By Type
    • By Height
    • By Width
    • By Data Center Size
    • By Vertical
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Data Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Data Center Rack Market(Option 3: As a part of the free 25% customization)

• • • By Component
    • By Type
    • By Height
    • By Width
    • By Data Center Size
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

• • RoW Asia-Pacific Data Center Rack Market(Option 4: As a part of the free 25% customization)
  • • By Component
    • By Type
    • By Height
    • By Width
    • By Data Center Size
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • 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
  • AGC Networks Limited