Pune, India, Sept. 14, 2021 (GLOBE NEWSWIRE) -- According to credible sources, global data center rack market size was valued at USD 2467.4 million in 2020 and is estimated to record a CAGR of 5.1% over 2021-2027, subsequently accumulating a valuation of USD 3495.1 million by the end of forecast period.
The study also highlights the market segmentation including type and application ambit along with geographical landscape, thereby uncovering the top opportunities for investment in the following years. It further expounds the major players to offer a deep understanding of the competitive scenario and help stakeholders articulate beneficial strategies for the future. Besides, an exclusive study of industry value chain, from the suppliers to the distributors and consumers is provided in the document.
Increasing construction of new data centers is a major factor driving the market growth. Many leading companies including Google and Microsoft are building data centers across the world to expand their technical prowess and serve a larger customer base.
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Further, rise in demand from BRIC countries, a group of five major emerging economies, namely, Brazil, Russia, India, China and South Africa, is anticipated to augment the industry remuneration in the forthcoming years.
For the record, a data center rack is a physical steel and electronic framework which is designed to contain servers, cables, networking devices, and other data center computing equipment. This structure offers equipment positioning and arrangement within a data center facility.
Product type segmentation overview
Based on type, global data center rack industry is segmented into open frame racks, rack enclosures, and wall-mount racks. Among these, rack enclosures segment dominated the overall market share in 2016, accounting for 81% of units shipped in that year and is likely to witness lucrative growth trends over the forecast duration. This can be mainly ascribed to their have better performance over counterparts.
Geographical landscape summary
North America, Latin America, Europe, Asia Pacific, and Middle East & Africa are the key regional contributors to the market growth. Experts state that United States boasts of large consumer base, accounting for 41% of the overall consumer market share in 2016, followed by Europe and China.
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Competitive arena review
Prominent companies swaying the industry dynamics are AMCO Enclosures (IMS Engineered Products), Dataracks, Fujitsu Ltd., Belden Inc., Black Box Corp., Tripp Lite, Chatsworth Products Inc., Cisco Systems Inc., Rittal Corporation, Oracle Corporation, International Business Machines Corporation, Dell Inc., Hewlett Packard Enterprise Company, Schneider Electric SE, Eaton Corporation plc, and Emerson Electric Co.
The development of new and innovative products at affordable pricing, mergers, partnerships, and acquisitions will play a major role in dictating the revenue generation potential of businesses in this domain.
Global Data Center Rack Market, by Type (Revenue, USD Million, 2016-2027)
- Open Frame Racks
- Rack Enclosures
- Wall-mount Racks
Global Data Center Rack Market, by Application Range (Revenue, USD Million, 2016-2027)
- Networking Data Center Rack Application
- Servers Data Center Rack Application
- Others
Global Data Center Rack Market Regional Terrain (Revenue, USD Million, 2016-2027)
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Mexico
- Brazil
North America
- U.S.
- Canada
Europe
- U.K.
- France
- Germany
- Italy
- Russia
- Nordic
- Rest of Europe
Middle East & Africa
- Turkey
- UAE
- Saudi Arabia
Rest of the World
Global Data Center Rack Market Competitive Dashboard (Revenue, USD Million, 2016-2027)
- AMCO Enclosures (IMS Engineered Products)
- Fujitsu Ltd.
- Belden Inc.
- Black Box Corporation
- Tripp Lite
- Chatsworth Products Inc.
- Cisco Systems Inc.
- Dataracks
- Rittal Corporation
- Oracle Corporation
- International Business Machines Corporation
- Dell Inc.
- Hewlett Packard Enterprise Company
- Schneider Electric SE
- Eaton Corporation plc
- Emerson Electric Co.
Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Data Center Rack Market Size Growth Rate by Type: 2016 VS 2021 VS 2027
1.2.2 Open Frame Racks
1.2.3 Rack Enclosures
1.2.4 Wall-mount Racks
1.3 Market by Application
1.3.1 Global Data Center Rack Market Share by Application: 2016 VS 2021 VS 2027
1.3.2 Networking Data Center Rack Application
1.3.3 Servers Data Center Rack Application
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Data Center Rack Market Perspective (2016-2027)
2.2 Data Center Rack Growth Trends by Regions
2.2.1 Data Center Rack Market Size by Regions: 2016 VS 2021 VS 2027
2.2.2 Data Center Rack Historic Market Share by Regions (2016-2021)
2.2.3 Data Center Rack Forecasted Market Size by Regions (2022-2027)
2.3 Data Center Rack Industry Dynamic
2.3.1 Data Center Rack Market Trends
2.3.2 Data Center Rack Market Drivers
2.3.3 Data Center Rack Market Challenges
2.3.4 Data Center Rack Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Data Center Rack Players by Revenue
3.1.1 Global Top Data Center Rack Players by Revenue (2016-2021)
3.1.2 Global Data Center Rack Revenue Market Share by Players (2016-2021)
3.2 Global Data Center Rack Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Data Center Rack Revenue
3.4 Global Data Center Rack Market Concentration Ratio
4 Data Center Rack Breakdown Data by Type
4.1 Global Data Center Rack Historic Market Size by Type (2016-2021)
4.2 Global Data Center Rack Forecasted Market Size by Type (2022-2027)
5 Data Center Rack Breakdown Data by Application
5.1 Global Data Center Rack Historic Market Size by Application (2016-2021)
5.2 Global Data Center Rack Forecasted Market Size by Application (2022-2027)
6 North America
6.1 North America Data Center Rack Market Size (2016-2027)
6.2 North America Data Center Rack Market Size by Type
6.2.1 North America Data Center Rack Market Size by Type (2016-2021)
6.2.2 North America Data Center Rack Market Size by Type (2022-2027)
6.2.3 North America Data Center Rack Market Size by Type (2016-2027)
6.3 North America Data Center Rack Market Size by Application
7 Europe
7.1 Europe Data Center Rack Market Size (2016-2027)
7.2 Europe Data Center Rack Market Size by Type
7.2.1 Europe Data Center Rack Market Size by Type (2016-2021)
7.2.2 Europe Data Center Rack Market Size by Type (2022-2027)
7.2.3 Europe Data Center Rack Market Size by Type (2016-2027)
7.3 Europe Data Center Rack Market Size by Application
8 Asia-Pacific
8.1 Asia-Pacific Data Center Rack Market Size (2016-2027)
8.2 Asia-Pacific Data Center Rack Market Size by Type
8.2.1 Asia-Pacific Data Center Rack Market Size by Type (2016-2021)
8.2.2 Asia-Pacific Data Center Rack Market Size by Type (2022-2027)
8.2.3 Asia-Pacific Data Center Rack Market Size by Type (2016-2027)
8.3 Asia-Pacific Data Center Rack Market Size by Application
9 Latin America
9.1 Latin America Data Center Rack Market Size (2016-2027)
9.2 Latin America Data Center Rack Market Size by Type
9.2.1 Latin America Data Center Rack Market Size by Type (2016-2021)
9.2.2 Latin America Data Center Rack Market Size by Type (2022-2027)
9.2.3 Latin America Data Center Rack Market Size by Type (2016-2027)
9.3 Latin America Data Center Rack Market Size by Application
10 Middle East & Africa
10.1 Middle East & Africa Data Center Rack Market Size (2016-2027)
10.2 Middle East & Africa Data Center Rack Market Size by Type
10.2.1 Middle East & Africa Data Center Rack Market Size by Type (2016-2021)
10.2.2 Middle East & Africa Data Center Rack Market Size by Type (2022-2027)
10.2.3 Middle East & Africa Data Center Rack Market Size by Type (2016-2027)
10.3 Middle East & Africa Data Center Rack Market Size by Application
11 Key Players Profiles
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The data center rack & enclosure market size is expected to showcase robust growth by 2027 driven by the rising prevalence of data centers in key regions across the globe. Furthermore, increasing expenditure by industry leaders for scaling data centers to accommodate the soaring demand for cloud computing is projected to further fuel market expansion over the forecast period. Notably, industry players have been expanding their offerings to extend their consumer reach, which has been favorable for business outlook. For instance, in March 2021, Rittal, a German rack and enclosure provider for data centers, entered into an agreement to incorporate a range of chillers & cooling systems from Stulz into its offerings. In the regional landscape, the South America data center rack & enclosure market is projected to exhibit steady growth by 2027, delivering a stable CAGR through the forecast period. The expanding colocation industry in South America is slated to create substantial growth opportunities for the regional market in the future.
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The data center server market size is poised to grow at a strong rate over the coming time period due to the expanding cloud computing industry and manufacturing sector, rising adoption of rack servers, and increasing number of SMEs. A data center server is essentially a computer without peripherals such as keyboards and monitors, it is basically used for tis computing power. A server runs entirely as a saving location and is linked to a network to make the data reachable to other computers. In case of an internet server, the device is generally connected to the web, so that the computer having a web connection can access the information in the files that are stored in the server. Servers store as well as process data the same way a computer does and are connected to the internet through a wireless or wired connection. From a regional frame of reference, with the expanding data center industry in the region and with numerous technology providers establishing data centers in the region, the North America data center server market is expected to witness remunerative business growth.
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