Press release
Data Center Rack Market is projected to grow at 7.1% CAGR during 2022-2029, reaching USD 6.6 Billion | Size, Share, Trends & Forecast
Data Center Rack Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/data-center-rack-market/
The factors driving the growth of Data Center Rack Market includes emerging need to store the data generated from smart homes, cities and grids, introduction of low-cost rack solutions, rising focus by major corporation on reducing operational and capital costs, improvements in the IT infrastructure and increasing number of internet users around the world. As per the data available at World Bank, individually using internet penetration rates as a percentage of population worldwide has increase from 46% in 2017 to 60% in 2020, which is expected to accelerate the Data Center Rack Market size in the approaching years. Moreover, growing adoption of advanced technologies such as Edge Computing, Artificial Intelligence (AI) and Machine Learning (ML), expansion of the data center facilities and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, improvements in the living standards, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Data Center Rack Market is hindered due to interoperability issues and lack of common standards.
The major players operating in the Data Center Rack Market are AGC Networks Limited, IBM Corporation, Cisco Systems, Inc, Fujitsu Limited, Eaton Corporation Plc, Rittal GmbH & Co. KG, Hewlett Packard Enterprise (HPE) Company, Dell Technologies, Inc, Schneider Electric and Vertiv Group Corporation, among others.
Based on Heigh, the 42U and Below segment is predicted to grow at a significant CAGR during the forecast period
42U and below sized racks are easily customizable and prevents liquid from collecting on gasket, are propelling growth of the segment.
Based on Vertical, the IT and Telecom segment is projected to expand at a robust CAGR over the forecast period
Increasing amount of data generated in It and Telecom industry, rising use of mobile data and subscription and growing adoption of cloud technology, are some of the factors responsible for the segment's growth.
Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period
Increasing number of data centers across India, China, Japan, and Singapore, growing adoption of advanced technologies by major companies, rapid urbanization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Segmentation by Component
Solutions
Services
Design and Consulting
Installation
Maintenance and Support
Segmentation by Type
Open Frame
Cabinets
Segmentation by Height
42U and Below
43U up to 52U
Above 52U
Segmentation by Width
19 Inch
23 Inch
Others (24 Inch and 28 Inch)
Segmentation by Data Center Size
Small and Mid-sized Data Centers
Large Data Centers
Segmentation by Vertical
Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Government and Defense
Retail
Manufacturing
Healthcare
Energy and Utilities
Others (Media and Entertainment, and Transportation and Logistics)
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Center Rack Market is projected to grow at 7.1% CAGR during 2022-2029, reaching USD 6.6 Billion | Size, Share, Trends & Forecast here
News-ID: 2811258 • Views: …
More Releases from Gmi Research
OLED Market is projected to rise at a higher CAGR during the forecast period | S …
The OLED Market is anticipated to expand at a remarkable CAGR during the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/global-oled-market/
The factors driving growth of the OLED Market includes increasing penetration of smartphones and gaming consoles around the world, Government policies supporting OLED lighting research, growing popularity of smart Televisions and improvements in the living standards. For instance, the revenue generated from the sales of video game consoles…
3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period | …
The 3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-3d-printed-drugs-market-by-technique-type/
The factors driving growth of the 3D Printed Drugs Market includes increasing geriatric population around the world, growing demand for soluble drugs, rising prevalence of stroke, Alzheimer's disease and head and neck tumors and improvements in the living standards. For instance, the population aged 60 and…
Virtual Private Cloud Market is expected to grow at a higher CAGR of 23.4% over …
The Virtual Private Cloud Market is projected to grow at a CAGR of 23.4% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-virtual-private-cloud-market/
The factors driving growth of the Virtual Private Cloud Market includes huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, rising focus by companies on modernizing IT infrastructure, Government initiatives promoting digitalization, increasing number of data breaches reported around the…
Pest Control Services Market is poised to grow at a robust CAGR during the forec …
The Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/pest-control-services-market/
The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
