Data Center Racks Market 2019 Global Industry Statistics By Companies - SCHNEIDER ELECTRIC, HEWLETT-PACKARD, DELL, IBM CORPORATION, EATON CORPORATION, EMERSON NETWORK POWER

The data center racks market was valued at USD 2.12 billion in 2017, and it is expected to reach a value of USD 4.27 billion by 2023 at a CAGR of 12.41%, during the forecast period (2018 - 2023). The scope of the report is limited to solutions offered by major players including providers of open frame racks, enclosed racks, and customized racks. While the regions considered in the scope of the report include the United States, Europe, Japan and the rest of the world. The study also emphasizes on various attack points on size of data centers and various end-user segments such as banking and finance, IT and aerospace.

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The growing global deployment of data centers is the primary driving factor influencing the consumption of data center racks in the market. Growing demand for technology services and increasing investments from major companies is also influencing the market growth. Data Centers have become a key component in IT infrastructure for many organizations. With a large amount of data being generated on a daily basis, companies rely on data centers for efficient storage and handling of data.

Initially, the focus on rack infrastructure in data centers was minimum with size and cost being the only considerations during deployment. However, the adoption of hi-density applications and importance of power, cooling and data center efficiency increasing; the need for efficient rack enclosures is growing. Data centers are adopting rack systems that can accommodate more servers per unit area, thus increasing the capacity of the data centers

Major Players:
SCHNEIDER ELECTRIC, HEWLETT-PACKARD CO., DELL INC., IBM CORPORATION, EATON CORPORATION PLC., EMERSON NETWORK POWER (EMERSON ELECTRIC COMPANY), ORACLE CORPORATION, RITTAL GMBH & CO. KG (SUBSIDIARY OF FRIEDHELM LOH STIFTUNG & CO. KG), TRIPP LITE, PENTAIR, INC., amongst others.

Key Developments in the Market
• February 2018 - Root data center and GTT communications launched a point of presence in Montreal data center. The data centers are expected to feature high density racks and secure carrier neutral facility designation.
• January 2018 - Vertiv, a data center infrastructure provider has acquired PDU vendor Geist as a part of its strategy in business expansion. The deal among the companies is expected to add engineering and design capabilities to the product portfolio of Vertiv and power management choices as a part of customer choices.
• June 2017 - Excel Networking Solutions has launched data center rack infrastructure components for colocation providers. A two and four compartments per each rack. The racks have individual lock enabling security provisions for the rack.

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Growth in Data Centers Owing to Demand for Data Storage Expected to Drive Growth
Companies are accumulating a large amount of data and investing in data centers to store such data. Data centers ensure business continuity, which is important for companies spreading across different continents. Globally, the amount of data is set to flow drastically, in the next six years, from around 4.4 zettabytes to 44 zettabytes. The amount of information produced by machines, such as internet of things is expected to account for about 10% of data, worldwide. Data generated by sensors, connected to the internet, has become important to every aspect of businesses. The amount of data, stored in the clouds, is expected to double and the amount of data will increasingly outpace the available storage. It is estimated that currently, 60% of data in digital world is produced in mature markets such as Germany, Japan and the United States. However, this situation is expected to reverse by 2020 and emerging markets such as Brazil, China, India, Mexico and Russia are expected to account for the major data, worldwide.

Growing of Banking and Financial Services Applications Are Expected to Drive the Growth of the Market
The increasing competition and growing demand for online services in the banking and financial sector are driving the market for data centers. Financial Organizations have realized the capabilities of cloud services enabled by data centers, which are able to enhance reachability, without any increased requirement of the labor force, giving an important edge over competitors. In addition, these services reduce the pressure on the existing workforce, increase efficiency and response time. This factor has made the data centers popular in the banking sector, leading to a parallel growth in the DCR market. The security concerns, strict regulation and compliance rules related to a centralized approach, have made the sector, regularly update their systems. For instance, compliance to SOC2 rolled out in 2014, required special attention to risk management of design and implementation control, along with monitoring of controls, thus, creating a demand for improved rack systems for hardware management and therefore, accelerating the market growth.

North America is Expected to Dominate the Market Owing to Infrastructure Advances
Electricity prices remain a cause of concern as it can vary from state to state. Hence, enterprises have to rent colocation centers, which help in meeting the objective of reducing operating costs. America contains several data center clusters throughout the country, the primary colocation data center markets in America are: Los Angeles, Washington DC Area, Bay Area, New York, and Chicago. The winters in Canada are quite advantageous to the data center scenario. The cool climate has boomed the data center infrastructure in Canada. The enterprises are taking advantage of the cold climate to mitigate the costs associated with data centers. Canada has 88 internet users per 100 and the data center connectivity is made up of 197 colocation data centers, 273 cloud service providers and 14 network fabrics. Canada has a population of over 35.85 million and an internet literacy rate of 88% indicating the potential scope for the region.

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