Report Scope & Overview:
Data Center Rack Market size was valued at USD 4.97 Bn in 2022 and is expected to reach USD 9.84 Bn by 2030, and grow at a CAGR of 8.9% over the forecast period 2023-2030.
A data center rack is an electronic structure that holds servers, routers, switches, and other network equipment. In the data Centre, data center racks are used mostly for infrastructure management. In the manufacturing, retail, financial services, information technology, and telecommunications industries, these are often utilized. As more data centre solutions are adopted, enabling for the easy and effective management of data centre networks, the market is expected to grow. Rack systems are designed to keep a variety of servers safe and secure. Power management, cooling, communication, and cable management are all included in modern racks. Remote monitoring of racks and equipment housed in the racks is also possible thanks to innovative monitoring technologies. Sensors are installed in most racks to offer real-time information on the status and performance of the racks.
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On May 2022, Huawei presented Power POD 3.0, a brand-new power supply system, and defined the Next-Generation Data Center Facility in Dongguan, China. Huawei's commitment to developing low-carbon, smart data centres is reaffirmed with the latest rollouts, which are based on the combined expertise and cooperative efforts of Huawei Data Center Facility Team and industry experts.
The number of data center colocation facilities is rapidly increasing.
an increase in server density.
low-cost rack options are available.
Higher workload requirements and high-cost cooling equipment.
One of the obstacle’s impeding expansions is hyper-converged infrastructure, which provides rack-scale platforms in data centres.
Adoption of a long-lasting rack, as well as an increase in hyper-scale change.
Investing a lot of money on data centre rack solutions
Limited power supply and increasing rack density are two issues that need to be addressed.
IMPACT OF COVID-19:
Numerous firms employ hyper-scale data center web services to apply algorithms to industry-specific models that can detect, categorize, and analyze data linkages, which can then be used to promote content, tag photographs, and offer relevant advertising. COVID-19's arrival has thrown a wrench into the data center transition. Data center services like VON services, video gaming, cloud computing, internet exchanges, content delivery networks, and other online services have benefited from increased data traffic as a result of efforts such as work from home and lockdown. As a result, data center firms have been obliged to strengthen their infrastructure, which is projected to fuel market development over the coming decade. The development of data centers is continuing, with the exception of a few projects that have been stalled by COVID-19.
Data centre setup is a sophisticated process that needs the aid of a technical specialist. With the help of installation service providers, data centre rack enclosures are examined. Mounting the server, power, cooling, and cabling infrastructure over the data center racks, as well as installing this equipment so that it remains stable and does not slide out of position, are all included in installation services.
The big data centers section includes data centers with more than 20,000 square feet of computational area. There are frequently more than 800 racks in these data centers. Workloads must be balanced across several servers in large data centers and hyperscale facilities. They must also ensure that the cooling system is as efficient as possible. To maintain redundancy, these data centers must house various infrastructures. The need for data center racks in big data centers is projected to be driven by the requirement for redundancy.
The BFSI sector is also growing into new areas and dealing with massive amounts of traffic, which need a dependable infrastructure to process transactions. The BFSI sector comprises companies that provide banking services, such as core banking, investment banking, private banking, and cards, as well as financial services, such as payment gateways, stockbroking, and mutual funds. Companies that provide insurance services are also included. Thousands of virtual computers and real servers are also handled by the BFSI industry. The industry also has a number of monitoring systems that must cope with a variety of difficulties, such as resource allocation optimization, processing time reduction, and daily data center uptimes.
KEY MARKET SEGMENTS:
On The Basis of Component
On The Basis of Rack Type
On The Basis of Data Center Size
Large Data Centers
Small and Mid-sized Data Centers
On The Basis of Industry Verticals
Energy & Utilities
IT & Telecommunication
Banking, Financial Services and Insurance (BFSI)
Government & Defense
Media & Entertainment
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North America, Latin America, Asia-Pacific excluding Japan, Middle East & Africa, Western Europe, Eastern Europe, and Japan are the seven primary regions that make up the global high-density racks market. The global market for high-density racks was dominated by North America. The high-density racks market is likely to be driven by emerging economies such as India and China, owing to increased investments in numerous industries such as banking, telecom, and insurance, among others, which require data centers to support new projects in the area.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are Schneider Electric SE, Belden Inc., Cisco Systems, Inc., Chatsworth Products, Dell Inc., Hewlett Packard Development LP, Oracle Corporation, Rittal, Fujitsu Limited, Vertiv Group Corp. & Other Players
|Market Size in 2022||US$ 4.97 Bn|
|Market Size by 2030||US$ 9.84 Bn|
|CAGR||CAGR of 8.9% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Component (Solutions and Services)
• by Rack Type (Cabinets and Open Frame)
• by Data Center Size (Large Data Centers and Small and Mid-sized Data Centers)
• by Industry Vertical (Healthcare, Transportation, Energy & Utilities, IT & Telecommunication, Banking, Financial Services and Insurance (BFSI), Government & Defense, Media & Entertainment, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Schneider Electric SE, Belden Inc., Cisco Systems, Inc., Chatsworth Products, Dell Inc., Hewlett Packard Development LP, Oracle Corporation, Rittal, Fujitsu Limited, and Vertiv Group Corp|
|Key Drivers||• The number of data center colocation facilities is rapidly increasing
• an increase in server density
|Market Opportunities||• Adoption of a long-lasting rack, as well as an increase in hyper-scale change|
Ans: - The Data Center Rack market size was valued at USD 4.97 Bn in 2022.
Ans: - Limited power supply and increasing rack density are two issues that need to be addressed.
Ans: - The segments covered in the Data Center Rack Market report for study are on the basis of component, rack type, data center size, and industry verticals.
Ans: - The major key players are Schneider Electric SE, Belden Inc., Cisco Systems, Inc., Chatsworth Products, Dell Inc., Hewlett Packard Development LP, Oracle Corporation, Rittal, Fujitsu Limited, and Vertiv Group Corp.
Ans. The study includes a comprehensive analysis of Speech-to-text API Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Data Center Rack Market Segmentation, by Component
9. Data Center Rack Market Segmentation, by Rack Type
9.2 Open Frame
10. Data Center Rack Market Segmentation, by Data Center Size
10.1 Large Data Centers
10.2 Small and Mid-sized Data Centers
11. Data Center Rack Market Segmentation, by Vertical
11.3 Energy & Utilities
11.4 IT & Telecommunication
11.5 Banking, Financial Services and Insurance (BFSI)
11.6 Government & Defense
11.7 Media & Entertainment
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Schneider Electric SE,
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2. Belden Inc.,
13.3 Cisco Systems, Inc.
13.4 Chatsworth Products
13.5 Dell Inc.
13.6 Hewlett Packard Development LP
13.7 Oracle Corporation
13.9 Fujitsu Limited
13.10 Vertiv Group Corp.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
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