Research Nester has released a report titled “Data Center Rack Market – Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global data center rack market in terms of market segmentation by type, by rack units, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global data center rack market is segmented by type into server rack and network rack, out of which, server rack is anticipated to hold the largest market share. The growth of the segment is anticipated to be driven by the need for data center storage systems owing to rise in the deployment of data centers across the globe. Constraints observed in facilitating the efficiency of data centers, coupled with the demand for space management to deploy the servers is also anticipated to contribute significantly towards the growth of the segment.
The global data center rack market is anticipated to record a CAGR of around 6.10% during the forecast period, i.e. 2019-2027. Increasing players in the data center service provider industry, coupled with growth in the data center colocation market as well as the growing internet traffic promoting the enormous adoption of data centers across end users, all of these factors are estimated to promote the demand for data center rack market throughout the forecast period.
Regionally, the global data center rack market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia-Pacific is expected to hold largest market share on the back of rising investments from the enterprises in the region for the deployment of data centers, which in turn will raise the need for deployment of data center racks in these devices. Furthermore, the investments are anticipated to grow on the back of shifting trend of the government of the nations in the region towards digital upgradation of processes, which will require greater deployment of data centers so as to store the data digitally.
Growing Data Center Service Industry
Data centers are devices which streamlines public and private information and provides easy access to users and customers. Increasing deployment of these devices across the globe, supported by the shifting trends of digitization, adoption of IoT, artificial intelligence, big data, and others, coupled with increasing investments for deployment of data centers, all of these factors are contributing significantly towards the growth of the global data center rack market.
However, concern for variations in the weight specifications of devices stored in these racks, occurred due to dynamic advancements in technology, is anticipated to operate as a key restraint to the growth of the global data center rack market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global data center rack market, which includes company profiling of Kendall Howard, Belkin International, Inc., Martin International Enclosures, nVent (NYSE: NVT), Black Box Corporation, Rittal GmbH & Co. KG, Tripp Lite, Cheval Electronic Enclosure Co. Ltd., Belden Inc. (NYSE: BDC), and Chatsworth Products. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global data center rack market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.