Industry Background:
A data rack system is defined as the physical steel and electronic framework which is mainly designed to network devices, cables, and others. Various features of using data rack such as integrated precision cooling, uninterruptible power, rack power distribution units, among others. Rising adoption of rack servers, owing to advancements in software and increasing usage in colocation providers and enterprise are some of the major drivers which affect the growth of the market in the future.
According to AMA, the market for Data Center Rack is expected to register a CAGR of 8.2% during the forecast period to 2026. This growth is primarily driven by Growing Demand for Cloud Computing, Internet of Things and Big Data Analytics Solutions and Rising Adoption of Converged and Hyper-Converged Solutions and Virtualization.
Globally, a noticeable market trend is evident One of the Latest Trend of this Market is a Requirement for High-Performance Computing. The Telecommunications Equipment sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as The Hewlett Packard Enterprise Company (United States), Dell (United States), International Business Machines Corporation (United States), Eaton Corporation Inc. (Ireland), Emerson Network (India), Schneider Electric SE (France), Rittal Corp. (United States), Fujitsu Limited (Japan), Huawei (China) and Hitachi, Ltd. (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In March 2019, the Schneider Electric SE (France) has launched Masterpact MTZ, which is an air circuit breaker and increased reliability, and safety of products. Hence, this launched will affect the growth of the market in the future.
Market Drivers
- Growing Demand for Cloud Computing, Internet of Things and Big Data Analytics Solutions
- Rising Adoption of Converged and Hyper-Converged Solutions and Virtualization
Market Trend
- One of the Latest Trend of this Market is a Requirement for High-Performance Computing
Restraints
- Problem Regarding Upgrading to A High-Density Setup and High-Density is the Added Cost of Extra Power and Extra Cooling
Opportunities
Growing Demand from Emerging Economics such as China, India, Brazil, among others
Challenges
Problem-Related to Leak Detection to Identify Threats Due to Leakages in Nuisance and other Factors.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Data Center Rack Study Sheds Light on
The Data Center Rack Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Data Center Rack industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Data Center Rack industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.