DUBLIN, October 24, 2022 /PRNewswire/ — The “Data Center Racks Market by Component (Solutions and Services), Rack Type (Open Frame and Cabinets), Rack Height, Rack Width, Data Center Size (Small-Medium and Large Data Centers) data centers), vertical and regional – Global Forecast to 2027″ report has been added to from ResearchAndMarkets.com offer.
The Global Data Center Rack Market is Expected to Grow from $4.4 billion in 2022 at $6.6 billion by 2027, at a compound annual growth rate (CAGR) of 8.7%
Factors driving the growth of the data center racks market include continued popularity of streaming services as well as virtual collaboration tools, remote working, strong resurgence in enterprise-level demand driven by financial, technology and healthcare companies.
Depending on the type of rack, the segment of cabinets will evolve alongside the open frame during the forecast period
The best server rack cabinet is designed with panels that lock together. This prevents unauthorized people from accessing your system. With server cabinet models equipped with a range of locking systems, we will no longer have to worry about unwanted or uninvited personnel wandering around server rooms and accessing your data.
With wireless devices accounting for over 63% of total IP traffic by the end of 2021, high-quality data centers and colocation server cabinets are essential for day-to-day operation and security. They are deployed in facilities where organizations need to restrict physical access of IT equipment to general operators
Based on the vertical, the IT and telecommunications vertical will hold a significant market size during the forecast period
IT and telecommunications companies around the world store crucial business data in data centers and depend on it for the efficient running of their day-to-day business operations. Data centers are the backbone of this vertical as they handle crucial end-user data.
The growing demand for data management and storage is driving high demand for data center infrastructure, which has further boosted the demand for data center rack solutions. This IT and telecommunications vertical is characterized by an ever-increasing demand for data, accompanied by a sudden increase in data center infrastructure and associated resources.
Based on the region, Europe hold the second largest market size over the forecast period
The European region includes major economies, such as the UK (UK), Germany, the Netherlands, Franceand Spain, which are increasingly investing in data center solutions. The region is witnessing an increase in the demand for data center colocation and large-scale data center facilities due to favorable climatic conditions and availability of green energy.
For example, according to a report by the Dutch Data Center Association, the Netherlands has the world’s most advanced hyperscale data center facilities and hosts online services from the nation’s leading cloud providers.
The study includes an in-depth competitive analysis of these key Data Center Racks Market players with their company profiles, recent developments, and key market strategies.
The main suppliers in this market are, such as Schneider Electric (France), HPE (US), Rittal (Germany), IBM (US), Cisco (US), Fujitsu (Japan), Eaton (Ireland)Dell (US), Vertiv (US), AGC Network (India), Legrand S.A. (France), Oracle (US), Belden (US), nVent (UK), Panduit (US), Great Lakes Data Racks & Cabinets (US), Tripp Lite (US), IMS Engineered Products (USA), Rahi Systems (USA), and Chatsworth Products (USA).
Growing number of data center colocation facilities to drive market growth
Solution segment to account for a larger market share during the forecast period
The cabinet segment will account for a larger market share in 2022
42U and below rack height segment will account for the largest market share during the forecast period
The 19 inch rack width segment will account for the largest market share during the forecast period
The large data center segment will account for a larger market share in 2022
The banking, financial services and insurance segment will account for the largest market share during the forecast period
Asia Pacific become the best market for investments in the next five years
Proliferation of data center colocation facilities around the world
Increase server density
Data Center Optimization Initiative to Address Critical Infrastructure Inefficiencies
Increase in the number of data center installations in all geographies
Case study analysis
Case Study 1: Stewart engineered continuous availability by deploying Eaton’s products
Case Study 2: Thyssenkrupp Steel Extended IT Infrastructure with Rittal Edge Data Centers
Case Study 3: Careerbrain responded to competitive customer service requests required with Fujitsu products
Case Study 4: Teijin Limited Improved Business Systems with Cisco High Performance Server
Case Study 5: Volkswagen Virtualized Server for Lower Cost and Improved Performance with Fujitsu
Case Study 6: High performance GPU system supported by Geoimage by deploying Fujitsu workstations
internet of things
For more information on this report, visit https://www.researchandmarkets.com/r/bhaqs0
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SOURCE Research and Markets