Data Center Rack and Enclosure Market Growth was valued at USD 2.53 Billion in 2022, and is projected to reach USD 5.98 Billion by 2030, growing at a CAGR of 11.28% from 2023 to 2030.
Market Overview
Data center racks and enclosures are basic building blocks that protect servers, networking equipment, and other data center computing devices. They are mainly designed from steel to provide you with orderly equipment positioning, efficient cable management, and they help to provide the best airflow to keep your equipment going for as long as possible.
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Key Market Drivers
There are multiple factors which are driving the growth in the data center rack and enclosure market:
Rapid Digitalization of Various Industries: With the rapid digital transformation in all sectors including IT & telecom, BFSI, healthcare, manufacturing, retail, and government, there is an increase in data generated which required advanced solutions for data storage and processing.
Rise of High-Density Cabinets: With efficiency in cooling, power utilization, and space utilization becoming increasingly critical, the need for high-density cabinets that house more servers per available unit area per room has grown.
However, innovations in rack design, like the incorporation of integrated cooling systems and improved cable management, are boosting their suitability as a choice for end-user seeking efficient and reliable data center infrastructure.
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Regional Insights
North America: Growing utilization of online services has led to heavy investment into improvement of data centers. Especially the U.S. is investing millions in upgrading the infrastructure of the data center to provide better digital services.
Europe: Online services are also growing rapidly in Europe, which raises the demand for advanced data center solutions similar to North America.
Asia-Pacific: The increasing industrialization and expanding digitalization in countries, such as China and India, are projected to boost the market growth of the data center rack and enclosure significantly.
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Competitive Landscape
USA: Market is characterized by presence of key players providing innovative solutions
Schneider Electric: A serious energy management and automation company, offering modular, scalable and efficient data center rack solutions.
Vertiv Group Corp.: Provider of the full spectrum of data center infrastructure, from advanced rack performance-based systems
IBM: Announced the Cloud Pak for Data System, combining key hardware building blocks into all-in-one rack systems that can be rapidly deployed, will be pretested and preconfigured (Designed for faster deployment)
Conclusion
From the viewpoint of that standpoint, the data center rack and enclosure market is anticipated to experience significant growth, as a result of widespread digitalization, efficiency, and data management, in addition to technological advancements in design specifications of racks. With industries producing more data than ever before, the market for advanced data center infrastructure will stay lucrative to market players over the following years.