Lewes, Delaware, June 18, 2024 (GLOBE NEWSWIRE) -- The Global Data Center Rack Market is projected to grow at a CAGR of 7.92% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 4.12 Billion in 2024 and is expected to reach USD 7.94 Billion by the end of the forecast period.
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Browse in-depth TOC on “Global Data Center Rack Market”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Eaton (Ireland), Rittal (Germany), HPE (US), IBM (US), Cisco (US), Fujitsu (Japan), Dell (US), and Schneider Electric (France) |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Data Center Rack Market Overview
Growing Demand for Data Storage and Management: The Data Center Rack Market has been stimulated by the increased demand for efficient storage solutions, which has been driven by the increase in digital data generation from enterprises and consumers. Businesses are in search of high-density racks that are scalable in order to manage enormous data volumes, which in turn drives market growth and innovation.
Expansion of Cloud Computing: The Data Center Rack Market is directly impacted by the accelerated adoption of cloud computing services, which necessitates a robust data center infrastructure. The demand for high-performance, adaptable cabinets becomes increasingly urgent as businesses migrate to cloud-based solutions, which in turn stimulates market growth.
Advancements in Rack Design: The Data Center Rack Market is being driven forward by innovative rack designs that improve energy management and cooling efficiency. These developments address the increasing demand for sustainable and cost-effective data center operations, rendering modern racking the preferred option for businesses.
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High Initial Costs: Potential purchasers may be discouraged by the substantial capital investment necessary for advanced data center racks, which can have an effect on the Data Center Rack Market. The benefits must be weighed against the high initial costs, which may impede market adoption, by companies.
Integration Complexities: The integration of new data center racks with extant infrastructure presents technical challenges that limit market growth. Businesses are cautious about implementing new rack solutions due to the potential disruption and compatibility issues that arise during upgrades.
Data Security Concerns: The rapid adoption of sophisticated data center racks is restricted by the critical concern of data security. The velocity of market expansion is influenced by the fact that companies prioritize secure data handling and are cautious of potential vulnerabilities associated with new rack technologies.
Geographic Dominance:
The Data Center Rack Market is primarily dominated by North America as a result of its substantial investments in data centers, high adoption of cloud services, and sophisticated IT infrastructure. The market growth in this region is driven by the increasing demand for data storage and the presence of tech titans. Furthermore, the global market landscape is being significantly improved by the rapid emergence of Asia-Pacific as a key participant, which is being driven by digital transformation initiatives, rising internet penetration, and the construction of data centers in countries such as China and India.
Data Center Rack Market Key Players Shaping the Future
Major players, including Eaton (Ireland), Rittal (Germany), HPE (US), IBM (US), Cisco (US), Fujitsu (Japan), Dell (US), Schneider Electric (France), Vertiv (US), AGC Network(India). and more, play a pivotal role in shaping the future of the Data Center Rack Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Data Center Rack Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Data Center Rack Market into Rack Unit, End-User, And Geography.
To get market data, market insights, and a comprehensive analysis of the Global Data Center Rack Market, please Contact Verified Market Research®.
- Data Center Rack Market, by Rack Unit
- Small
- Medium
- Large
- Data Center Rack Market, by End-User
- BFSI
- IT and Telecom
- Manufacturing
- Retail
- Others
- Data Center Rack Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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