LONDON--(BUSINESS WIRE)--The data center rack market size is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The growth of big data analytics is one of the critical drivers of the data center rack market. Big data analytics simplifies the complicated and unstructured data generated by enterprises and consumer-based applications, which is stored in an extensive set of storage devices in data centers. The growing number of storage devices is expected to boost the demand for data center racks as they are used to house IT equipment such as servers, storage devices, and network equipment. These racks are available in the market in different sizes such as 47U, 48U, and 51U racks.
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As per Technavio, the growth of hyperscale data centers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Data Center Rack Market: Growth of Hyperscale Data Centers
The growth of hyperscale data centers will be one of the key data center rack market trends during the forecast period. The need for hyperscale data centers is increasing due to the generation of a massive amount of data through smart homes, smart grids, and smart cities. The hyperscale data center require wider racks and advanced server design and storage devices to accommodate more components including network equipment. This requirement is expected boost the demand for data centers racks during the forecast period.
“Other factors such as implementation of SDDCs, and the adoption of mini data centers will have a significant impact on the growth of the data center rack market value during the forecast period,” says a senior analyst at Technavio.
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Data Center Rack Market: Segmentation Analysis
This market research report segments the data center rack market by type (server rack and network rack) and geographical regions (MEA, South America, APAC, North America, and Europe).
The North American region led the data center rack market in 2018, followed by Europe, APAC, South America, and MEA respectively. The growth of the data center rack market share in North America can be attributed to factors such as increase in the construction of new data centers and the renovation of existing data centers in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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