According to the latest report by IMARC Group, titled “Data Center Rack Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global data center rack market exhibited moderate growth during 2015-2020. Looking forward, the global data center rack market is expected to grow at a CAGR of around 8% during 2021-2026. A data center rack refers to a form of a physical frame that is generally made of steel and other alloys. It is used to store cables, cooling systems, electronic servers, networking devices, and other data center computing equipment. Data center racks provide adequate space and airflow to the devices so that they are not damaged by temperature changes and prevent wires and cords from getting tangled. A simple level rack consists of 3-4 mounting rails supported by a framework that keeps the rails secured.
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Global Data Center Rack Market Trends:
Continuous modernization of the IT infrastructures and the rising adoption of big data analytics are driving the data center rack market. Furthermore, the growing requirement of data centers is augmenting the product demand to house various IT and networking equipment. Additionally, the elevating demand for these racks to store data generated through smart homes, grids, cities, etc., with wider shelves and upgraded designs, is propelling the market growth. Moreover, the introduction of low-cost rack solutions which feature thermal management, corrosion resistance, system expandability, etc., is contributing to the product demand. Apart from this, the increasing investments in the upgradation of data center equipment are anticipated to fuel the market growth in the coming years.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Type:
Breakup by Rack Units:
Breakup by Rack Size:
Breakup by Frame Size:
Breakup by Frame Design:
Breakup by Service:
Breakup by Application:
Breakup by End-User:
Breakup by Region:
Key highlights of the Report:
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