Latest News- Data Center Rack Market: Server rack is expected to lead the Type segment during 2025-2029

The Data Center Rack Market is being driven by Increasing investments in data centers

The Data Center Rack Market is expected to grow at a CAGR of 13.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2527.5 million. In today's business landscape, the surge in data generation from connected devices, IoT applications, and data-intensive technologies like AI/ML is leading to an unprecedented increase in data volume. To address the real-time processing needs of emerging applications such as autonomous vehicles, industrial automation, and smart city solutions, edge computing has emerged as a viable solution. By facilitating data processing closer to the source, edge computing reduces latency and enhances responsiveness, thereby enabling swift decision-making. Furthermore, edge computing mitigates the challenges of bandwidth and costs associated with transmitting substantial data volumes from edge devices to centralized cloud data centers, making it a cost-effective and efficient solution for businesses. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Server rack
  • Network rack
• Product Specification
  • Medium
  • Large
  • Small
• End-user
  • IT and telecom
  • BFSI
  • Manufacturing
  • Retail
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing investments in data centers
• Growth of big data analytics
• Emerging containerized and micro-mobile data centers

However, the market also witnesses some limitations, which are as follows:

• Increasing focus on data center consolidation
• Increase in demand for converged and hyper-converged solutions
• Insufficient allocation of IT budget

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Market Scope in Data Center Rack Market Research Report

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Research Analysis Overview

The Data Center Rack market encompasses the sales of racks used in Data Centers for housing IT infrastructure such as servers, switches, cables, and storage devices. Colocation Data Centers leverage data center whitespace in high-density configurations for optimal use of computing space. Data center investments include not only the rack itself but also network services, ventilation, cooling systems, and cable management for IT infrastructure in Data Centers. With the rise of cloud technologies and high-density data, Data Centers require advanced rack solutions for server density, cooling, and IT infrastructure optimization.

Market Research Overview

The Data Center market is a significant segment of the larger Global Internet Services and Infrastructure Market. This market encompasses companies providing colocation services, Data Center optimization, and network services. Data Center investments focus on maximizing whitespace utilization and enhancing server density to accommodate growing business needs. The market includes revenue from companies offering infrastructure services, such as Data Centers and cloud networking and storage solutions. Additionally, IT security services and cloud computing services are integral components of this market. Technavio's market analysis calculates the market size based on the combined revenue generated by these companies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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