The latest report by IMARC Group, titled “Data Center Rack Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global data center rack market reached a value of US$ 3.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2027, exhibiting at a CAGR of 9.7% during 2022-2027.
Data Center Rack Market Overview:
A data center rack refers to a physical frame that is commonly prepared from steel and other alloys. It is utilized to store electronic servers, cables, cooling systems, networking devices, and other data center computing equipment. Data center racks offer the required space and airflow to the devices so that they are not damaged by temperature changes and prevent cords and wires from getting tangled. They comprise of a few mounting rails supported by a framework that keeps the rails secured. In data centers, racks are used to stack several hardware units on top of each other. Consequently, they are widely utilized across various sectors, such as healthcare, retail, manufacturing, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Data Center Rack Market Trends:
The rising modernization of the IT infrastructures and the increasing adoption of Big Data analytics are primarily driving the data center rack market. Additionally, the escalating product demand for storing data generated via smart grids, homes, cities, etc., is also propelling the global market. Besides this, numerous technological advancements in the software-defined security systems and the growing usage of rack servers are further catalyzing the market growth.
In addition to this, the introduction of low-cost rack solutions that feature corrosion resistance, thermal management, system expandability, etc., is acting as another significant growth-inducing factor.
Key Players Included in Global Data Center Rack Market Research Report:
- Schneider Electric
- Vertiv Company
- nVent Schroff
- Black Box Corporation
- Cheval Electronic Enclosure
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Key Market Segmentation Breakup by:
- Server Rack
- Network Rack
- 19 Inch
- Open Frame
- Consulting Services
- Installation and Support Services
- Professional Services
- Small and Medium Size Organization
- Large Size Organization
- IT and Telecom
- Public Sector
- Media Entertainment
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Seaweed Market Research Report 2022: https://astrotonight.com/seaweed-market-price-growth-size-share-report-2022-2027/