Data Centre Market Outlook
According to the report by Expert Market Research (EMR), the global data centre rack market is projected to grow at a CAGR of 10.10% between 2024 and 2032. Aided by the introduction of new-generation frames and presence of power generation networks, the market is expected to grow significantly by 2032.
Data centre racks are specialised structures designed to house servers, switches, and other data centre computing equipment. These racks optimise space, ensure efficient cooling, streamline cable management, and bolster the security of the devices contained. Encompassing a myriad of configurations and customisations, these racks cater to diverse requirements and specifications, ranging from cooling solutions to weight capacities.
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One of the most salient data centre rack market trends emanates from the inexorable shift towards digitisation. With businesses spanning various verticals, keenly investing in digital transformation strategies, there’s an intensifying demand for robust and scalable storage solutions. This paradigm shift has heralded a new era where data is both a valuable asset and a potential liability, necessitating optimal storage facilities, thereby amplifying the data centre rack market demand.
Furthermore, the burgeoning cloud computing arena is providing substantial impetus to market growth. The colossal surge in data generation, stemming from a multitude of sources such as IoT devices, social media, and online transactions, has propelled companies to invest heavily in cloud infrastructure. These cloud data centre, inherently requiring efficient, scalable, and flexible racking solutions, underpin the burgeoning data centre rack market size.
The versatility and customisability of data centre racks also feature prominently in the data centre rack market analysis. The evolution of the IT landscape has given birth to diverse requirements; from cooling demands due to high-density servers to the need for advanced security features. Addressing these dynamic needs, manufacturers have been incessantly innovating, offering racks that can be tailored to specific operational demands, thus feeding the market’s growth trajectory.
Moreover, the growing emphasis on energy efficiency further accentuates the importance of data centre racks. Modern rack designs are increasingly focused on optimising airflow, reducing power consumption, and minimising the carbon footprint. As industries grapple with the twin objectives of operational efficiency and sustainability, the role of these energy-efficient racks is poised to become even more critical, propelling the data centre rack market growth.
Parallelly, the technological advancements in the realm of Artificial Intelligence (AI) and Machine Learning (ML) have led to a renewed interest in edge computing. This entails processing data closer to its source, requiring the establishment of micro data centres. Such developments, relying heavily on efficient racking solutions, bode well for the market, reinforcing its upward trajectory.
Regulatory frameworks around the globe, emphasising data sovereignty and protection, have spurred organisations to invest in regional data centres. These legal stipulations, aimed at ensuring data privacy and security, have inadvertently provided a thrust to the data centre rack market, offering it new avenues for growing data centre rack market demand.
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Data Centre Market Segmentation
The market can be divided based on type, rack units, rack size, frame size, frame design, service, application, end use, and region.
Market Breakup by Type
- Server Rack
- Network Rack
Market Breakup by Rack Units
- 36U
- 42U
- 45U
- 47U
- 48U
- 51U
- Others
Market Breakup by Rack Size
- Small
- Medium
- Large
Market Breakup by Frame Size
- 19 Inch
- Others
Market Breakup by Frame Design
- Open Frame
- Enclosed
- Customised
Market Breakup by Service
- Consulting Services
- Installation and Support Services
- Professional Services
Market Breakup by Application
- Small and Medium Size Organisation
- Large Size Organisation
Market Breakup by End Use
- IT and Telecom
- BFSI
- Public Sector
- Healthcare
- Retail
- Manufacturing
- Media Entertainment
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Data Centre Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global data centre rack market. Some of the major players explored in the report by Expert Market Research are as follows:
- Eaton Corporation Plc
- Samsung Electronics Co., Ltd.
- Vertiv Group Corporation
- Black Box Corporation
- Schneider Electric
- Others
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