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DATA CENTER RACK MARKET TO HIT $5.9 BILLION BY 2025

B2B research firm MarketsandMarkets™, has published its report on the global Data Center Rack Market which is expected to grow from USD 3.8 billion in 2020 to USD 5.9 billion by 2025.

At a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period, the report presents that the increasing deployments in data center colocation facilities and increasing server density are the factors driving the growth of the Data Center Rack Market.

The report adds that factors such as the adoption of durable racks is also expected to create ample opportunities for data center rack vendors.

Categories that constitute the 147-Paged Report includes Data Center Rack Market by Component (Solutions and Services), Rack Type (Open Frame and Cabinets), Rack Height, Rack Width, Data Center Size (Small and Mid-sized Data Centers and Large Data Centers), Vertical, and Region.

Based on component, the solutions segment is expected to hold a larger market size during the forecast period. For precise performance and cost objectives, the need for flexible racks and cabinets to accommodate modern data center equipment will continue to increase.

Based on rack type, the cabinets segment is to hold a larger market size during the forecast period. Although Rack cabinets are expensive, they are generally preferred by organizations that require added security, cooling flexibility, and data center equipment protection from harsh environments and conditions.

Based on rack height, the 42U and Below segment is to hold the largest market size during the forecast period because, the 42U rack is a universal rack which is compatible with most servers and networking equipment.

Based on vertical, the Banking, Financial Services, and Insurance vertical is expected to hold the largest market size during the forecast period. Aside their regular business, this sector handles thousands of virtual machines and physical servers and has several monitoring tools to deal with various challenges, such as optimizing resource allocation, reducing processing times, and maintaining data center uptimes on a daily basis.

The full global Data Center Rack Market research report by MarketsandMarkets™ is available on this link: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210971325

In a recent announcement, Google’s SRE (Site Reliability Engineering) on traffic and load balancing team reported an overheating incidence in one of its edge network points-of-presence which was caused by crushed rack wheels.