DUBLIN--(BUSINESS WIRE)--The "Data Center Rack Server Market by Form Factor (1U, 2U, and 4U), Service, Tier Type (Tier 1, Tier 2, Tier 3, and Tier 4), Data Center Type (Mid-Sized, Enterprise, and Large Data Centers), Industry, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Growing need for efficient server solutions for high-density facilities to drive the data center rack server market
The major factors driving the growth of the data center rack server market include an increasing need for high-density servers due to more complex computation needs and advancement in emerging technologies, such as edge computing, IoT, and big data analytics.
Support and maintenance segment to grow at the highest CAGR during the forecast period
Maintenance refers to all the actions that are performed to prevent a piece of equipment from failing or to repair a failed or damaged piece of equipment. The maintenance of rack servers includes maintenance related to disk integrity and recovery. It also includes maintenance of supporting infrastructure, such as air cooling, electrical wiring, and physical suppression system.
The benefits of support and maintenance include an increase in the life span of the equipment, which results in an increase in the operational uptime and reduction in hardware failure, which saves operational costs in maintaining the network and increase the productivity of the operational resources.
BFSI vertical segment to account for the highest market share during the forecast period
Banking and finance institutions are evolving with the implementation of emerging digital technologies in an attempt to find innovative ways to better serve their customers. They are redesigning their processes to help create an improved and personalized user experience by placing storage and processing near the perimeter with edge computing. This sector is rapidly moving toward digitalization, and any further transformation will be reliant on the hosting services powering it, i.e., taking into account the scale, speed, and security of the data that is required.
Mid-sized data centers segment to record the fastest growth rate during the forecast period
The adoption of data center rack servers among mid-sized data centers is estimated to grow at the highest CAGR during the forecast period. Rack servers used in mid-sized data centers provide a facility for storing and computing information at a lower cost, which helps organizations in their personal or private usage. Organizations are rapidly adopting these solutions as they provide increased scalability, and provide for easy migration from traditional technologies. Vendors can develop specific solutions targeted toward mid-sized data centers to improve their position in the data center rack server market. Furthermore, rising technological proficiency among the mid-sized data centers further compels mid-sized data centers to adopt data center rack servers.
North America to account for the highest market share during the forecast period
North America is estimated to dominate the global data center rack server market due to the presence of a large number of data centers in the region and the rise in popularity of technology. Furthermore, more advanced technology ecosystem and greater user expertise have fueled the growth of the North American data center rack server market. Moreover, the presence of technology giants, such as Google, Microsoft, Facebook, and Apple, add to the growth of the North American data center rack server market.
The developed economies in North America have been witnessing massive investments from private sector firms to set up large data centers. Moreover, it is home to many technological innovators. Most of the major players, such as HPE, Dell, and Cisco, offering data rack servers have their headquarters in this region. In addition, the region constitutes various developed economies, such as the US and Canada that have fairly adopted data center rack servers, thus enabling organizations in these economies to excel in the market space.
Key benefits of buying the report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall data center rack server market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency Considered
2 Research Methodology
2.1 Research Data
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Competitive Leadership Mapping Research Methodology
2.6 Assumptions for the Study
2.7 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Global Data Center Rack Server Market
4.2 Market By Tier Type, 2019 Vs. 2024
4.3 Market By Vertical, 2024
4.4 Market Investment Scenario (2019-2024)
5 Market Overview and Industry Trends
5.2 Market Dynamics
5.3 Industry Trends
5.4 Future of Data Center and Its Impact on Rack Servers
6 Data Center Rack Server Market By Form Factor
7 Data Center Rack Server Market By Service
7.2 Design and Consulting
7.3 Installation and Deployment
7.4 Support and Maintenance
8 Data Center Rack Server Market By Tier Type
8.2 Tier 1
8.3 Tier 2
8.4 Tier 3
8.5 Tier 4
9 Data Center Rack Server Market By Data Center Type
9.2 Mid-Sized Data Centers
9.3 Enterprise Data Centers
9.4 Large Data Centers
10 Data Center Rack Server Market By Vertical
10.2 Government and Defense
10.3 Banking, Financial Services, and Insurance
10.4 IT and Telecom
10.5 Healthcare and Life Sciences
10.6 Research and Academia
10.7 Media and Entertainment
10.8 Retail and Ecommerce
10.9 Energy and Utilities
11 Data Center Rack Server Market By Region
11.2 North America
11.4 Asia Pacific
11.5 Rest of the World
12 Competitive Landscape
12.1 Competitive Leadership Mapping
12.1.1 Visionary Leaders
12.1.2 Dynamic Differentiators
12.1.4 Emerging Companies
13 Company Profiles
13.5 Cisco Systems
13.9 NEC Corporation
13.12 Iron Systems
13.13 Quanta Computer Inc.
13.14 Black Box Corporation
13.15 Schneider Electric
13.16 Tripp Lite
13.18 Chatsworth Products
13.19 Belden Inc.
13.21 Inspur Systems Inc.
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