The global data center rack market is projected to reach revenues of approximately $3 billion by 2023

LONDON, April 2, 2019 /PRNewswire/ -- This market research report on global data center rack market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by product (rack cabinets and accessories), by rack size (below 42U, 42U, 45U & 47U, 48U, and other rack units), by end-users (colocation providers and enterprise), and by geography (Americas, EMEA, and APAC).

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Data Center Rack Market - Overview

The increase in computing power due to the growing demand for cloud computing, Internet of Things (IoT), and big data analytics solutions are propelling the growth of the global data center rack market through increased construction greenfield, brownfield, and modular facilities. The rising adoption of converged and hyper-converged solutions and virtualization and the need for high-performance computing (HPC) will increase in the rack power density to an average of 8–10 kw. The use of innovative and flexible facility designs with hot aisle containment systems and diverse electricity feed for racks will lead to the transformation of the global market. The construction of large and mega facilities that are equipped with thousands of racks will create lucrative opportunities for leading vendors operating in the global market. The installation of pre-assembled infrastructure along with rack PDUs, rack-level UPS, and IT infrastructure is modernizing the global market. The launch of performance optimized data (POD) centers is promoting innovations in the market and will boost the revenues. The top players are focusing on innovating rack infrastructure in terms of open designs, increased proliferation over 80%, the weight capacity of the rack, and flexibility for service, to meet the varied customer needs in the market. The increasing demand for high density taller rack systems will increase competition among vendors offering 45U, 47U, and 48U rack enclosures in the global data center rack market.

The growing investments in regions such as the US, the UK, Germany, and China for the deployment of new facilities will fuel the revenues and sales in the global market. The increasing complexity in the cable and air flow management has led to the procurement of deeper and wider rack architecture among facilities operators in the market. The global data center rack market is projected to reach revenues of approximately $3 billion by 2023, growing at a CAGR of around 8% during 2017-2023. The report also includes market size analysis in terms of shipment units for the duration during the forecast period.

Data Center Rack Market - Dynamics

The growing interest towards the procurement of taller, deeper, and wider racks is one of the primary factors attributing to the growth of the global data center rack market. The top companies are offering a wide range of taller systems in through their portfolios that includes server and network cabinets that are taller than industry standard 42U configuration. The adoption of these new systems will enable the equipment of multiple high-performance infrastructures such as servers in a single rack, better utilization of facilities floor space, reduces CAPEX, and better cable and airflow management in the global market. These architectures are designed to enable operators to optimize space and improve efficiency. Customization is one of the key factors helping key players attract a larger number of consumers in the global data center rack market. The vendors are offering solutions as per the consumers' operational and space requirement in the global market.

Data Center Rack Market - Segmentation

This market research report includes a detailed segmentation of the market by products, rack size, end-users, and geography.

Data Center Rack Market – By Product
Increase in rack power density will increase the need for accessories in the global data center rack market during the forecast period

The global data center rack market by products is classified into rack cabinets and accessories. The rack cabinet segment dominated the majority of the market share in 2017, growing at a CAGR of more than 7% during the forecast period. The increasing use of these cabinets to mount data center critical and support infrastructure is augmenting the growth of this segment in the global market. The vendors are providing cabinets of a variety of size and capable of mounting infrastructure that weights up to thousands of pounds to attract a maximum number of consumers in the market. The different kinds of racks manufactured in the market include open frame rack infrastructure and rack cabinets or enclosures. Open frames are adapted to equip network infrastructure such as switches, where cabinets are offered as server and network cabinets by the vendors. The various types of cabinets available in the market include wall mount cabinets, seismic cabines, soundproofcabinets with integrated modular power and coolinginfrastructure. The procurement of different kind solutions that vary in size, design, and associated components will transform the global data center rack market.

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