Market Analysis:

The global data center rack market will touch USD 9.9 billion at an 8.90% CAGR by 2032, as per the latest Market Research Future report.

Drivers:

Increase in the Use of AI to Boost Market Growth 

The increasing use of AI in data center racks will boost market growth over the forecast period. These racks can use the predictive analytics skills of AI for discovering security device capability which is falling. This allows security teams in addressing any issue prior to these becoming serious and endangering a data center. Any business that integrates artificial intelligence into the network of their data center can augment their ability of automating common network tasks, boost security, and also spot the cyber risks that are based on the behavioral changes.

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Data Center Rack Industry Key Players:

Eminent market players profiled in the data center rack market report include Hewlett Packard Enterprise Development LP, Fujitsu, Rittal GmbH & Co. KG, Great Lakes Data Racks & Cabinets, Eaton Corporation, Oracle Corporation, Black Box, Samsung Electronics Co., Ltd, Dell Technologies Inc., and Schneider Electric, among others.

Opportunities:

Exponential Rise in Digital Content to offer Robust Opportunities 

The exponential rise in digital content will offer robust opportunities for the data center rack market in the forecast period. This exponential increase in digital content in fact is a key reason for data explosion. The usage of the social networking platforms, online gaming, video streaming services and digital entertainment indeed have boosted the data amount that businesses and people produce as well as use on a daily basis. This comprise digital content like films, documents, pictures, and other media types that demand storage infrastructure for handling the growing volume.

Restraints and Challenges:

Data Security Issues to Act as Market Restraint 

The data security issues, UPS battery failures, improper power management, and insufficient scalability may act as market restraints over the forecast period.

Data Center Rack Market Segmentation:

The global data center rack market is bifurcated based on component, rack type, data center size, rack height, and industry vertical.

By component, solution will spur the market in the forecast period.

By rack type, cabinets/enclosed racks will domineer the market over the forecast period.

By data center size, small & medium sized data centers will spearhead the market over the forecast period.

By rack height, 43U up to 52U will command the market over the forecast period.

By industry vertical, retail will head the market over the forecast period.

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COVID-19 Analysis:

The COVID-19 outbreak possessed a positive effect on the data center rack market growth with the data center rack technology aiding enterprises in addressing the huge capacity need of data storage. In fact there is a burgeoning need for ensuring that the service providers of data center rack services are having adequate ability and capacity for delivering data center rack solutions having high performance at the time of the surging data storage demand.

Regional Analysis:

North America to Command Data Center Rack Market 

North America domineered the market for data center rack for the region’s accessibility of advanced infrastructure and the presence of several data center facilities. Again the need for such data center racks is predicted to go up due to the requirement for higher performance & maximum space utilization. The US market for data center rack further grabbed the utmost share while that in Canada was the fastest developing market within the region. The surging investments in latest technologies and growing use of data center rack solutions for improving businesses & customer experiences will fuel market expansion.

APAC to Have Admirable Growth in Data Center Rack Market:

The APAC region will have admirable growth in the data center rack market over the forecast period. The digitalization of various industries such as manufacturing, finance, telecommunications, and e-commerce has accelerated dramatically all throughout the APAC zone. The need for the data center racks and data center infrastructure has gone up due to the noteworthy development in data generation due to digital transformation. Furthermore, the data center rack market in China had the utmost market share while that in India was the fastest developing.

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