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Data Center Rack Server Market Worth $102.5 Billion by 2024 - Exclusive Report by MarketsandMarkets™
[January 23, 2020]

Data Center Rack Server Market Worth $102.5 Billion by 2024 - Exclusive Report by MarketsandMarkets™


CHICAGO, Jan. 23, 2020 /PRNewswire/ --  According to a research report "Data Center Rack Server Market by Form Factor (1U, 2U, and 4U), Service, Tier Type (Tier 1, Tier 2, Tier 3, and Tier 4), Data Center Type (Mid-Sized, Enterprise, and Large Data Centers), Industry, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global Data Center Rack Server Market size is expected to grow from USD 52.1 billion in 2019 to USD 102.5 billion by 2024, at a CAGR of 14.5% during the forecast period.

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Major growth factors for the market include an increasing need for high-density servers due to high computation needs and advancement in emerging technologies, such as edge computing, IoT, and big data analytics.

Browse in-depth TOC on "Data Center Rack Server Market"

85 – Tables

34 – Figures

134 – Pages

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=53332315

2U form factor segment to hold the largest market size during the forecast period

The 2U form factor segment is estimated to hold one of the largest chunks of the Data Center Rack Server Market shares during the forecast period. This is mainly because it facilitates easy adoption in Small and Medium-sized Enterprises (SMEs). The servers require normal coolers and hence are economical. Moreover, 2U rack server solutions enable low-cost deployment for a variety of data center needs. These benefits fuel the demand for Data Center Rack Servers in the Market.

Mid-sized data centers segment to record the fastest growth rate during the forecast period

The adoption of data center rack servers among mid-sized data centers is estimated to grow at the highest CAGR during the forecast period. Rack servers used in mid-sized data center provides a facility for storing and computing information at a lower cost, which helps organizations in their personal or private usage. Organizations are rapidly adopting these solutions as they prvide increased scalability and easy migration from traditional technologies. Vendors can develop specific solutions targeted toward mid-sized data centers to improve their position in the Data Center Rack Server Market. Furthermore, rising technological proficiency among the mid-sized data centers further compels mid-sized data centers to adopt data center rack servers.



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North America to hold the largest market size during the forecast period

Countries that contribute the most to the Data Center Rack Server Market in North America include the US and Canada; the reason for the dominance of these countries is their well-established economies, which enable investments in new technologies. North America being the most developed region, is home to large industries that are capable of investing in reliable and advanced IT infrastructure for growing data traffic, thereby opening new opportunities for the adoption of data center rack servers.

Market Players

Key market players profiled in Data Center Rack Server Market report are Hewlett Packard Enterprise (US), Lenovo (China), Dell (US), Cisco Systems (US), Huawei (China), Oracle (US), Fujitsu (Japan), NEC (Japan), Rittal (Germany), Vertiv (US), Schneider Electric (France), Asus (China), Inspur Systems (China), Iron Systems (US), Black Box Corporation (US), and Quanta Computer,. (China).

Browse Adjacent Markets: Data Center and Networking Market Research Reports & Consulting

Related Reports:

Data Center Blade Server Market by Data Center Type (Tier 1, Tier 2, Tier 3, Tier 4), by Services (Consulting, Installation and Support, Professional), by End User (Small, Medium, Large), by region, & by Industry Vertical - Global Forecast to 2019

https://www.marketsandmarkets.com/Market-Reports/datacenter-blade-server-market-33745763.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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