“The total data center rack market is expected to grow from $1.66 billion in 2014 to $2.79 billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 10.9% from 2014 to 2019. Although the mature markets such as the U.S. and the Europe hold larger share in the data center rack market, the Asia-Pacific region is expected to grow at the highest CAGR of 14.6% during the forecast period. The companies are designing data centers selecting the ideal racks for their needs and designing the server room to accommodate them efficiently. This help in avoiding under or overprovisioning new facilityâs power and cooling resources. The growing adoption of non-standard racks is mainly driven by the need to pack more servers into data center infrastructure, improve airflow management and fit more cabling into rack systems.
In this report, the data center rack market has been broadly segmented by frame design: open frame, enclosed and customized; by frame size: 19 inch and others; by rack unit: 36U, 42U, 45U & 48U and others; by service: consulting services, installation & support services and professional services; by end user: small and medium organization and large-sized organizations; by region: NA, APAC, Europe, MEA, and LA. The growth in data center rack market is majorly driven by IT & telecom, BFSI, media and entertainment, public sector and healthcare vertical across the globe.
Geographically, North America (comprising the U.S. and Canada) is estimated to command the largest share of 38.6% of the global data center rack market in 2014, followed by Europe. The major reason of market growth in NA is the need to reduce the space and power consumption of network infrastructure. APAC is the fastest growing segment in the data center rack market due to huge investment in banking, insurance, telecom and the government sector requiring new data centers.
The global data center rack market is a competitive market with a number of big market players and local manufacturers. As of 2014, the global data center rack market is estimated to be dominated by market players such as Hewlett Packard (U.S.), Dell (U.S.), IBM (U.S.), Eaton (Ireland), Emerson Network (U.S.), Schneider Electric (France) and Rittal (Germany). New product launches, partnerships, agreements, collaborations, and acquisition are the major strategies adopted by most market players to achieve growth in the data center rack market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysisâindustry analysis (industry trends, and Porter analysis), analysis of top players, their offered products and services, value chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the data center rack market, high-growth regions, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
â¢ Market Penetration: Comprehensive information on data center rack offered by the top 10 players in the data center rack market
â¢ Product Development/Innovation: Detailed insights on upcoming technologies, research and development (R&D) activities, and new product launches in the data center rack market
â¢ Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for rack solutions across various regions
â¢ Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the data center rack market
â¢ Competitive Assessment: In-depth assessment of market shares, strategies, products, and capabilities of leading players in the data center rack market
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