The Data center rack delivers equipment placement and orchestration within a data center capability. Data Center Rack are collected of physical steel and electronic framework, that gives house to servers, cables, networking devices and data center computing equipment amongst others.
According to the report analysis, ‘Global Data Center Rack Market to reach USD 7.8 billion by 2026’ states that in the global data center rack market there are several corporates which presently functioning more significantly for leading the highest market growth and dominating the handsome value of market share around the globe during the short span of time while spreading the awareness related to the applications of such, decreasing the associated price, delivering the better consumer satisfaction, advancing the applications and durability of such, implementing the profitable strategies, analyzing and observing the strategies and policies of the government as well as competitors, employing the young work force and establishing the several research and development programs includes Schneider Electric SE, Hewlett Packard Enterprise (HPE), IBM, Eaton Corporation Inc., Rittal, Dell, Fujitsu Ltd., Vertiv, AGC Networks, Legrand S.A. and several others.
The growing deployment in colocation conveniences and augmenting the server density as well as manufacturers accentuate on generating continuous improvements in their offerings by adding proficient number of features are the few aspects responsible for growth of the market over the review period. For instance: as per company's news release on 20th March 2020, Schneider Electric established Uniflair Rack Mounted Cooling 3.5kW, its first rack straddling data centre cooling solutions considered for micro data centres and edge figuring where space can be at a premium. However, occurrence of Human-computer interaction (HCI) is the major aspect limiting the growth of global Data Center Rack market during the review period.
Additionally, the regional analysis of worldwide Data Center Rack Market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The North America is the leading/noteworthy region around the world in terms of market share due to the existence of a large amount of data center facilities and obtainability of advanced infrastructure in the region. However, the Asia-Pacific is projected to exhibit greatest growth rate / CAGR over the review period of 2020-2026.
Not only has this, the growing end-user adoption due to obtainability of low-cost rack solutions is projected to favorably impact the worldwide data center rack market growth over the review period. The producers emphasize on creating the continuous advancements in their offerings by adding proficient number of features, which is also projected to influence the data center rack market growth. The Data center rack server display inherent great density coupled with power competence, and is also anticipated to propel market growth. Further, growing adoption of rack servers over the next few years owing to the improvements in software defined security market is also projected to propel market growth.
Although, the Global Data Center Rack Market is valued approximately at USD 4.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.9% over the forecast period 2020-2026.Therefore, in the near years, it is predicted that the market of data center rack will increase around the globe more positively over the inflowing years.
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Ankur Gupta, Head Marketing & Communications