Global Data Center Rack Market Growth, Trends and Forecast to 2024 - ResearchAndMarkets.com
The "Data Center Rack Market - Growth, Trends, And Forecast (2019-2024)" report has been added to ResearchAndMarkets.com's offering.
The "Data
Center Rack Market - Growth, Trends, And Forecast (2019-2024)"
report has been added to ResearchAndMarkets.com's
offering.
The data center racks market was valued at USD 4,044.8 million in 2018,
and it is expected to reach a value of USD 6,302.2 million by 2024, at a
CAGR of 7.9% during the forecast period (2019-2024). Data centers have
witnessed growth, owing to the increasing dependence and spending on
cloud technologies recently.
-
Data centers are critical to enterprises operating in the present
borderless world, globally. Whether private or public, the data center
is essential for hosting mission-critical applications. These data
centers help organizations streamline information while enabling easy
access to users and customers from anywhere across the world. -
With the help of the hyperscale data centers web services, numerous
companies apply algorithms to the models that can recognize, classify,
and analyze relationships in the data, and can be used to recommend
content, tag photos, and deliver relevant advertising. -
The growing deployment of data centers around the world is the major
driving factor influencing the consumption of data center racks. The
increasing demand for technology services and increasing investments
from major companies are also influencing the growth of the market. -
With changing technologies and the adoption of high density servers,
rack infrastructure has become an important aspect in data centers,
with the need to effectively host servers, manage cables, and
facilitate air flow for ensuring the optimum performance of data
centers.
IT & Telecom Sector Expected to Hold a Significant Share
-
IT and Telecom is the most significant segment for this market. The IT
infrastructure requirement is the highest for this segment. Colocation
providers, who are a major adopter of data center racks, are also
considered under the scope of the study under the IT & Telecom sector. -
The amount of data that is being stored and processed by this segment
is huge. The advent of mobile data and subscriptions and their rapid
usage has proliferated the growth of data traffic and hence data
centers. With the introduction of 5G and Cloud, the demand is expected
to increase exponentially. Major companies are investing in new
infrastructure to meet the additional requirements. Companies, like
American Tower, bought its first data centers in April 2019 through
the acquisition of Colo Atl. -
Other regions like Singapore also witnessed a rapid expansion in April
2019. The data center, colocation, and interconnection provider,
Digital Realty commenced the construction of its third data center
facility in Singapore. The facility will be capable of supporting up
to 50 megawatts (MW) of IT capacity. The new facility will span a
gross floor area of 34,000 sq. meter. -
Moreover, with the number of colocation providers growing
significantly, and expanding in remote locations, it is expected that
the demand for integrated data center racks is expected to witness
significant growth during the forecast period.
Asia-Pacific Region to Record the Highest Growth Rate
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In the Asia-Pacific region, the market is anticipated to witness rapid
growth, owing to increasing data traffic, energy efficiency and
growing need for deployment of data centers in economically developing
countries, such as India and China, are boosting the growth of the
data center rack market in the Asia-Pacific region. -
The market is witnessing a rise in the number of businesses coupled
with the shifting trend toward digitalization of all processes. In
India, the number of data centers are growing, owing to government
projects, such as Digital India, Make in India, Smart Cities, growth
in the internet penetration, and the strong resurgence of
growth-related projects across different verticals, such as e-commerce
and retail, IT/ITeS, BFSI (primarily non-critical workloads). -
Data center investments are expected continue to grow in Asia-Pacific,
with investor interest rising in the emerging markets of China, India,
Singapore, and Indonesia. Tencent is constructing a data center in the
hills of Guizhou, China, reportedly designed to the highest standards
of civil air defense. -
The Singapore government is anticipated to move the bulk of its IT
systems to commercial cloud services over the forecast period in
ongoing efforts to deliver citizen services in a faster and cheaper
way. This is anticipated to impact the market's growth positively. The
evolution of Japan into more of an international data center market
has been driven by the global hyperscale clouds expanding in the Tokyo
and Osaka markets.
Competitive Landscape
The data center rack market is fragmented. With changing technologies
and the adoption of high density servers, rack infrastructure has become
an important aspect in data centers, with the need to effectively host
servers, manage cables, and facilitate air flow for ensuring optimum
performance of data centers. Overall, the competitive rivalry among the
existing competitors is high. The new innovative strategies of large
companies are driving the data center racks market.
-
February 2019 - Schneider Electric SE announced the launch of
Masterpact MTZ, the first-of-its-kind air circuit breaker in the
market that provides the customer with multiple benefits of enhanced
performance, increased reliability, and safety. This is the next
generation of high power low voltage circuit breakers, combining the
company's legendary performance and reliability with new digital
capabilities. -
January 2019 - Oracle Cloud Infrastructure opened a new data center in
Toronto, to combat some of the ongoing performance and security
concerns that some Canadians have faced in the past pertaining moving
to the cloud.
Key Topics Covered
1 INTRODUCTION
1.1 Scope of the Study
1.2 Study Assumptions
1.3 Market Definition
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Value Chain / Supply Chain Analysis
5 MARKET DYNAMICS
5.1 Introduction to Market Drivers and Restraints
5.2 Market Drivers
5.2.1 Increasing Deployment of Data Center Facilities
5.3 Market Challenges
5.3.1 Increasing Use of Blade Servers
6 TECHNOLOGY SNAPSHOT
7 MARKET SEGMENTATION
7.1 By Rack Units
7.1.1 Small
7.1.2 Medium
7.1.3 Large
7.2 By End-user Industry
7.2.1 BFSI
7.2.2 IT and Telecom
7.2.3 Manufacturing
7.2.4 Retail
7.2.5 Other End-user Industries
7.3 Geography
7.3.1 North America
7.3.2 Europe
7.3.3 Asia-Pacific
7.3.4 Latin America
7.3.5 Middle East & Africa
8 COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Rack Manufacturers
8.1.1.1 Kendall Howard LLC
8.1.1.2 Belkin International, Inc.
8.1.1.3 Martin International Enclosures
8.1.1.4 nVent Schroff GmbH
8.1.1.5 Black Box Corporation
8.1.1.6 Rittal GmbH & Co. KG
8.1.1.7 Tripp Lite
8.1.1.8 Cheval Electronic Enclosure Co. Ltd
8.1.1.9 Belden Inc.
8.1.1.10 Chatsworth Products Inc.
8.1.1.11 Panduit Corp.
8.1.1.12 Great Lakes Case & Cabinet Co. Inc.
8.1.1.13 ELMA Electronics, Inc.
8.1.2 Integrated Solution Poviders
8.1.2.1 Vertiv Group Corporation
8.1.2.2 Eaton Corporation PLC
8.1.2.3 Hewlett Packard Enterprise
8.1.2.4 Dell EMC
8.1.2.5 Schneider Electric SE
8.1.2.6 Fujitsu Corporation
8.1.2.7 Oracle Corporation
8.1.2.8 Legrand SA
9 INVESTMENT ANALYSIS
10 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/m5yveq
View source version on businesswire.com: https://www.businesswire.com/news/home/20190523005339/en/