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Data Center Racks Market Share, Size, Global Development ,Growth Status, Sales Revenue, Emerging Technologies, Key Players Analysis, Opportunity Assessment and Industry Expansion Strategies 2023
Posted on May 5 2021 9:01 AM
"Data Center Racks Market Research Report is highly research-intensive, powered by high R&D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation with Forecast Period 2021-2023.
Global Data Center Racks Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Data Center Racks Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Data Center Racks Market report offers a comprehensive view regarding the competitive landscape of the Data Center Racks market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The data center racks market was valued at USD 2.12 billion in 2017, and it is expected to reach a value of USD 4.27 billion by 2023 at a CAGR of 12.41%, during the forecast period (2018 - 2023). The scope of the report is limited to solutions offered by major players including providers of open frame racks, enclosed racks, and customized racks. While the regions considered in the scope of the report include the United States, Europe, Japan and the rest of the world. The study also emphasizes on various attack points on size of data centers and various end-user segments such as banking and finance, IT and aerospace.
The growing global deployment of data centers is the primary driving factor influencing the consumption of data center racks in the market. Growing demand for technology services and increasing investments from major companies is also influencing the market growth. Data Centers have become a key component in IT infrastructure for many organizations. With a large amount of data being generated on a daily basis, companies rely on data centers for efficient storage and handling of data.
Initially, the focus on rack infrastructure in data centers was minimum with size and cost being the only considerations during deployment. However, the adoption of hi-density applications and importance of power, cooling and data center efficiency increasing; the need for efficient rack enclosures is growing. Data centers are adopting rack systems that can accommodate more servers per unit area, thus increasing the capacity of the data centers.
Growth in Data Centers Owing to Demand for Data Storage Expected to Drive Growth
Companies are accumulating a large amount of data and investing in data centers to store such data. Data centers ensure business continuity, which is important for companies spreading across different continents. Globally, the amount of data is set to flow drastically, in the next six years, from around 4.4 zettabytes to 44 zettabytes. The amount of information produced by machines, such as internet of things is expected to account for about 10% of data, worldwide. Data generated by sensors, connected to the internet, has become important to every aspect of businesses. The amount of data, stored in the clouds, is expected to double and the amount of data will increasingly outpace the available storage. It is estimated that currently, 60% of data in digital world is produced in mature markets such as Germany, Japan and the United States. However, this situation is expected to reverse by 2020 and emerging markets such as Brazil, China, India, Mexico and Russia are expected to account for the major data, worldwide.
Growing of Banking and Financial Services Applications Are Expected to Drive the Growth of the Market
The increasing competition and growing demand for online services in the banking and financial sector are driving the market for data centers. Financial Organizations have realized the capabilities of cloud services enabled by data centers, which are able to enhance reachability, without any increased requirement of the labor force, giving an important edge over competitors. In addition, these services reduce the pressure on the existing workforce, increase efficiency and response time. This factor has made the data centers popular in the banking sector, leading to a parallel growth in the DCR market. The security concerns, strict regulation and compliance rules related to a centralized approach, have made the sector, regularly update their systems. For instance, compliance to SOC2 rolled out in 2014, required special attention to risk management of design and implementation control, along with monitoring of controls, thus, creating a demand for improved rack systems for hardware management and therefore, accelerating the market growth.
North America is Expected to Dominate the Market Owing to Infrastructure Advances
Electricity prices remain a cause of concern as it can vary from state to state. Hence, enterprises have to rent colocation centers, which help in meeting the objective of reducing operating costs. America contains several data center clusters throughout the country, the primary colocation data center markets in America are: Los Angeles, Washington DC Area, Bay Area, New York, and Chicago. The winters in Canada are quite advantageous to the data center scenario. The cool climate has boomed the data center infrastructure in Canada. The enterprises are taking advantage of the cold climate to mitigate the costs associated with data centers. Canada has 88 internet users per 100 and the data center connectivity is made up of 197 colocation data centers, 273 cloud service providers and 14 network fabrics. Canada has a population of over 35.85 million and an internet literacy rate of 88% indicating the potential scope for the region.
Major Players: SCHNEIDER ELECTRIC, HEWLETT-PACKARD CO., DELL INC., IBM CORPORATION, EATON CORPORATION PLC., EMERSON NETWORK POWER (EMERSON ELECTRIC COMPANY), ORACLE CORPORATION, RITTAL GMBH & CO. KG (SUBSIDIARY OF FRIEDHELM LOH STIFTUNG & CO. KG), TRIPP LITE, PENTAIR, INC., amongst others.
Key Developments in the Market
February 2018 - Root data center and GTT communications launched a point of presence in Montreal data center. The data centers are expected to feature high density racks and secure carrier neutral facility designation.
January 2018 - Vertiv, a data center infrastructure provider has acquired PDU vendor Geist as a part of its strategy in business expansion. The deal among the companies is expected to add engineering and design capabilities to the product portfolio of Vertiv and power management choices as a part of customer choices.
June 2017 - Excel Networking Solutions has launched data center rack infrastructure components for colocation providers. A two and four compartments per each rack. The racks have individual lock enabling security provisions for the rack.
Reasons to Purchase this Report
Growing number of data centers act as a driver to the global data center racks market scenario
Analyzing various perspectives of the market with the help of Porterâ€™s five forces analysis
The type of rack design and frame design that is expected to dominate the market is analyzed in detail
The regions which are expected to witness the fastest growth during the forecast period are analyzed and estimated for growth
Identify the latest developments, market shares and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Data Center Racks Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Data Center Racks.
Regional Market Analysis:
The Data Center Racks Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Data Center Racks Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Growing research activities coupled with new product launches.
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- High Opportunity in the Industry
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- Complications associated with Data Center Racks procedures.
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Key Attentions of Data Center Racks Market Report:
- The report offers a comprehensive and broad perspective on the global Data Center Racks market.
- The market statistics represented in different Data Center Racks segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Data Center Racks are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Data Center Racks.
- Major stakeholders, top companies Data Center Racks, investment feasibility and new market entrants study is offered.
- Development scope of Data Center Racks in each market segment is covered in this report. The macro and micro-economic factors affecting the Data Center Racks market
- Advancement is elaborated in this report. The upstream and downstream components of Data Center Racks and a comprehensive value chain are explained.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
6.2.2 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
6.2.4 South America
18.104.22.168 Rest of South America
6.2.5 Middle East & Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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