Data Center Rack Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Unit Size (19U-22U, 23U-36U, 37U-48U, Others), By Service (Installation, Consulting, Maintenance And Support), By Enterprise Size (Small, Medium, Large), By Industry Vertical (BFSI, Manufacturing, Communication And Technology, Healthcare, Media And Entertainment, Others), And Geography - Forecasts From 2020 To 2025

Published:  Jun 2021 Report Code: KSI061610008 Pages: 114

The Global Data Center Rack market is projected to grow at a CAGR of 10.68% during the forecast period, reaching a total market size of US$7.078 billion in 2025 from US$3.851 billion in 2019. Datacenter rack includes switches, servers, and routers that highly comprise a data center. The increasing number of data centers across the globe is the major driver of the data center rack market. The growing adoption of cloud networking coupled with the rising volume of big data is pressurizing enterprises to opt for colocation solutions and services. As the volume of big data is rapidly growing across various industries due to the rising adoption of digitization and IoT, the insufficient data center racks in traditional setups are augmenting their demand. Since data center rack servers have inherent high density with power efficiency, the growing focus on environmental sustainability and reducing power consumption is also a driving factor for the market growth of data center racks. The availability of low-cost rack solutions is further boosting the demand for data center racks, thus positively impacting the overall market growth. Datacenter rack manufacturers are focusing on improving or enhancing their offerings by way of adding innovative features which are also expected to fuel the market growth of data center rack during the next five years.

Growing data traffic due to the increasing use of connected devices and increasing penetration of the internet along with the investments in 5G technology will continue to propel the market growth of data center rack during the forecast period. Furthermore, the rising adoption of rack servers on account of advancements in software defines security market is also going to contribute to the data center market growth during the forecast period. Companies are increasingly shifting towards server-based rack data centers to meet the rapidly evolving business needs while aiming at reducing operational as well as capital expenditure.  

The global data center rack market is segmented by unit size, service, enterprise size, industry vertical, and geography. By unit size, the market is segmented into 19U-22U, 23U-36U, 37U-48U, and others. Based on service, the market is segmented into installation, consulting, and maintenance, and support. The market is segmented by enterprise size as small, medium, and large. By industry vertical, the market is segmented into BFSI, manufacturing, communication and technology, healthcare, media and entertainment, and others.

Rising demand for data center racks of units sizes 23U-36U and 37U-48U

23U-36U and 37U-48U sizes of data center rack hold significant shares in the market due to their increasing requirement by IT and multinational companies. These sizes are most feasible for medium-size enterprises making them, a favorable choice for a major sector of the market. Companies are offering various discounts and offer for small and medium-sized enterprises to lure them in buying their products which are also supporting the market growth of data center racks of various sizes.

Large enterprises to hold significant market share

Large size enterprises accounted for a significant market share in 2019 owing to the large volume of data being generated across this enterprise size segment. Even though large enterprises have their own IT infrastructure, those are insufficient to handle rapidly growing data volume. This, along with the rising cost of land and skilled workforce to maintain or expand their on-premise data centers, large companies opt for cost-effective data center racks of bigger unit sizes, thereby driving the market growth. However, the small enterprise segment will experience a substantial CAGR during the forecast period. Small businesses lack the budget to maintain their own IT infrastructure due to which they are moving towards data center racks which come in various unit sizes and costs. Hence, the small enterprises are using data center rack for storing computing information at a lower cost, giving them a helping hand for their personal and private usage, thus bolstering the global data center rack market growth.

APAC to record high market growth

Regionally the global data center rack market is classified into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific. North America is one of the major markets for data center rack players owing to the presence of major market players in the region. High investments in technologies such as 5G and artificial intelligence will further ramp up the market growth of data center rack in this region. The APAC Data Center Rack market will witness a high market growth between 2019 and 2025 owing to the increasing data traffic and a corresponding need to deploy more data centers across the region. In January 2019, Equinix invested US$85.3 million to build a fourth data center in Singapore. In April 2019, Huawei launched its new servers FusionServer Pro Intelligent Servers. The transformation to intelligent servers will help in improving application speed and efficiency and these servers are even provided with fault management and a full liquid-cooling cabinet. The rising number of enterprises of all sizes towards digitalization is further augmenting the demand for data center racks in APAC countries. Moreover, government projects such as Digital India and smart cities in countries like China and India will also continue to fuel the market growth of data center rack across the region.  

Market Players and Competitive Intelligence

The competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry participants profiled as part of this section are Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Eaton, Rittal Systems Ltd., Panduit, Black Box Corporation, Schneider Electric, Vertiv Co., FUJITSU, and Huawei Technologies Co., Ltd.

Data Center Rack Market Scope:

Report Metric Details
 Market size value in 2019  US$3.851 billion
 Market size value in 2025  US$7.078 billion
 Growth Rate  CAGR of 10.68% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Unit Size, Service, Enterprise Size, Industry Vertical, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Eaton, Rittal Systems Ltd., Panduit, Black Box Corporation, Schneider Electric, Vertiv Co., FUJITSU, Huawei Technologies Co., Ltd.
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Unit Size
    • 19U-22U
    • 23U-36U
    • 37U-48U
    • Others
  • By Service
    • Installation
    • Consulting
    • Maintenance and Support
  • By Enterprise Size
    • Small
    • Medium
    • Large
  • By Industry Vertical
    • BFSI
    • Manufacturing
    • Communication and Technology
    • Healthcare
    • Media and Entertainment
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the global data center rack market size by 2025?
A1. The global data center rack market is projected to reach a market size of US$7.078 billion by 2025.


Q2. What factors are anticipated to drive the data center rack market growth?
A2. The increasing number of data centers across the globe is the major driver of the data center rack market.


Q3. What are the growth prospects for the data center rack market?
A3. The data center rack market is projected to grow at a CAGR of 10.68% during the forecast period.


Q4. What is the size of the global data center rack market?
A4. Data Center Rack Market was valued at US$3.851 billion in 2019.


Q5. Which region holds the largest market share in the data center rack market?
A5. North America is one of the major markets for data center rack players owing to the presence of major market players in the region.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Global Data Center Rack Market Analysis, By Unit Size
5.1. Introduction
5.2. 19U-22U
5.3. 23U-36U
5.4. 37U-48U
5.5. Others
 
6. Global Data Center Rack Market Analysis, By Service
6.1. Introduction
6.2. Installation
6.3. Consulting
6.4. Maintenance and Support
 
7. Global Data Center Rack Market Analysis, By Enterprise Size
7.1. Introduction
7.2. Small
7.3. Medium
7.4. Large
 
8. Global Data Center Rack Market Analysis, By Industry Vertical
8.1. Introduction
8.2. BFSI
8.3. Manufacturing
8.4. Communication and Technology
8.5. Healthcare
8.6. Media and Entertainment
8.7. others
 
9. Global Data Center Rack Market Analysis, By Geography
9.1. Introduction
9.2. North America
9.2.1. North America Data Center Rack Market, By Unit Size, 2020 to 2025
9.2.2. North America Data Center Rack Market, By Service, 2020 to 2025
9.2.3. North America Data Center Rack Market, By Enterprise Size, 2020 to 2025
9.2.4. North America Data Center Rack Market, By Industry Vertical, 2020 to 2025
9.2.5. By Country
9.2.5.1. USA
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. South America Data Center Rack Market, By Unit Size, 2020 to 2025
9.3.2. South America Data Center Rack Market, By Service, 2020 to 2025
9.3.3. South America Data Center Rack Market, By Enterprise Size, 2020 to 2025
9.3.4. South America Data Center Rack Market, By Industry Vertical, 2020 to 2025
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4. Europe
9.4.1. Europe Data Center Rack Market, By Unit Size, 2020 to 2025
9.4.2. Europe Data Center Rack Market, By Service, 2020 to 2025
9.4.3. Europe Data Center Rack Market, By Enterprise Size, 2020 to 2025
9.4.4. Europe Data Center Rack Market, By Industry Vertical, 2020 to 2025
9.4.5. By Country
9.4.5.1. Germany
9.4.5.2. France
9.4.5.3. United Kingdom
9.4.5.4. Spain
9.4.5.5. Others
9.5. Middle East and Africa
9.5.1. Middle East and Africa Data Center Rack Market, By Unit Size, 2020 to 2025
9.5.2. Middle East and Africa Data Center Rack Market, By Service, 2020 to 2025
9.5.3. Middle East and Africa Data Center Rack Market, By Enterprise Size, 2020 to 2025
9.5.4. Middle East and Africa Data Center Rack Market, By Industry Vertical, 2020 to 2025
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.2. Israel
9.5.5.3. UAE
9.5.5.4. Others
9.6. Asia Pacific
9.6.1. Asia Pacific Data Center Rack Market, By Unit Size, 2020 to 2025
9.6.2. Asia Pacific Data Center Rack Market, By Service, 2020 to 2025
9.6.3. Asia Pacific Data Center Rack Market, By Enterprise Size, 2020 to 2025
9.6.4. Asia Pacific Data Center Rack Market, By Industry Vertical, 2020 to 2025
9.6.5. By Country
9.6.5.1. China
9.6.5.2. Japan
9.6.5.3. South Korea
9.6.5.4. India
9.6.5.5. Others
 
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
 
11. Company Profiles
11.1. Hewlett Packard Enterprise Development LP
11.2. Cisco Systems, Inc.
11.3. Eaton
11.4. Rittal Systems Ltd.
11.5. Panduit
11.6. Black Box Corporation
11.7. Schneider Electric
11.8. Vertiv Co.
11.9. FUJITSU
11.10. Huawei Technologies Co., Ltd.

Hewlett Packard Enterprise Development LP

Cisco Systems, Inc.

Eaton

Rittal Systems Ltd.

Panduit

Black Box Corporation

Schneider Electric

Vertiv Co.

FUJITSU

Huawei Technologies Co., Ltd.

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