Data Center Rack Market Growth,Trends, Key Players & Outlook 2024-2031

Market Overview :

A data center rack is a type of physical frame constructed primarily of steel and other alloys. Electronic servers, cables, networking devices, cooling systems, and other data center computing equipment are kept. The racks provide sufficient ventilation and room for the machines, ensuring that temperature fluctuations do not damage them and that cords, wires, and other costly components are not destroyed. A simple level rack comprises three to four mounting rails and a supporting framework that holds the rails in place. Each shelf has slots for attaching electrical, internet, and networking cables dependent on its capacity or the number of pieces of equipment it can hold.

Market Trends :

In response to growing concerns about product and customer safety, the market is expected to expand. Other factors, such as technological developments and increasing digitization, are projected to drive the global data center rack market forward. The urge to improve corporate performance is fueling data center growth around the world. Furthermore, the growing adoption of industrial IoT-driven technologies such as data and analytics, artificial intelligence, security, and communication would impact market growth.

Rising applications of data center racks

The speedy growth of mobile broadband with development in big data analytics linked with cloud computing are the major factors driving for growth of new data centers. Moreover, the shift of companies from hardware to software-based services will also act as an important factor in the market. According to a survey, 33% of the company operates between 3 and 5 owned data centers. In comparison, 7% of organizations manage more than 50 data centers.

The desire to improve business performance is accelerating the growth of the data center globally. Moreover, the increasing use of industrial IoT-driven technologies, including data and analytics, artificial intelligence, security, and communication, will also impact market growth.

The growing number of data centers globally will create new opportunities for manufacturers to offer data center racks due to its numerous advantages such as space savings, reduced downtime, ease of use, easy installation, and better remote management.

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Market Segmentation :

By component, the global data center rack market is classified into solutions and services.The services segment is expected to be the dominant type.The services sector is likely to be the most significant. Datacenter installation is one of the services offered, and it is a complicated operation that necessitates experienced technical assistance. Datacenter rack enclosures are inspected with the assistance of installation service providers. Mounting the server, power, cooling, and cabling infrastructure over the data center racks and installing this equipment to remain stable and not slide out of place are all included in installation services.

Geographical Share :

North America holds the largest market share global data center rack market.

The North American region holds the largest market share of the worldwide data center rack market, with the U.S. accounting for most demand. The U.S. is the leading country with a home of more than 2500 data centers, accounting for 35 to 40% of the market share globally. Moreover, other countries like Canada have more than 250 data centers, fueling the global data center rack market demand for better space, power, and cooling management.

Multiple enterprises are switching from hardware to software-based services, which is anticipated to grow data center installations in the region. Moreover, the U.S. government has been taking various initiatives in the field, impacting the market growth. For instance, the U.S. government has commenced Data Center Optimization Initiative to offer more reliable services to the public.

With growing opportunities in the region, leading companies are coming up with a new solution to strengthen their market position. For instance, in 2021- B3 Group Inc, a U.S. company, started offering high-density racks in the market. The new racks have 2.5 times greater energy capacity than previously provided at its high-technology data center at Santana do Parnaíba.

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Competitive Landscape

The market for data center racks is fragmented. Rack infrastructure has become an important part of data centers due to evolving technologies and the adoption of high-density servers, with the need to effectively host servers, manage cables, and permit airflow to maintain optimum data center operation. Overall, there is fierce competition among the existing competitors. Large organizations' new innovative methods are driving the data center racks industry. Eaton, Rittal, HPE, IBM, Cisco, Fujitsu, Dell, Schneider Electric, AGC Networks, and Oracle are the prominent participants in the worldwide data center rack market.

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