The global data center rack market size is expected to reach USD 8.61 billion by 2030, according to a new study by Polaris Market Research. The report “Data Center Rack Market Share, Size, Trends, Industry Analysis Report, By Component (Solutions, Services); By Data Center Size (Large, Mid-sized); By Rack Type; By Vertical; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for storing data developed by smart homes, urban centers, and grid systems with wider racks and enhanced designs increases the acceptance of data center racks. The major players are also focusing on developing smart data centers for making smart infrastructure across the verticals boosting the market growth over the forecast period.
For instance, in May 2022, Huawei announced the launch of PowerPOD 3.0, a new power distribution system, along with the Next-Generation Data Center Facility concept. With these innovative rollouts, Huawei reaffirms its commitment to creating low-carbon. These smart data centers are centered on the majority's opinion and the combined development of the Huawei Data Center Team and company professionals.
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Further, the rapidly rising data center service boosts the market growth over the forecast period. Data centers are essential for all businesses that operate in today's borderless world. By standardizing information and allowing easy access to users and customers, data centers assist enterprises in sponsoring mission-critical applications for private and public systems. Furthermore, as technology evolves and high-density servers become more prevalent, enterprises place a greater emphasis on rack infrastructure.
Moreover, rising demand for successfully hosting servers, managing cables, and facilitating airflow to maintain optimal data center performance, combined with increasing demands for technology services across various organizations and growing investments from key corporations for the deployment of data centers around the world, are all expected to drive the market significantly over the forecast period.
Additionally, the market is being driven by the growing demand for advanced technology such as big data analytics and the industrialization of IT infrastructure. Big data analytics assists in the development of complex and disorganized organizational data that is processed across various data centers. As a result, the increasing demand for data centers is driving the demand for racks to build various IT and connectivity equipment.
Data Center Rack Market Report Highlights
Polaris Market Research has segmented the data center rack market report based on component, rack type, data center size, vertical, and region:
Data Center Rack, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Data Center Rack, Rack Type Outlook (Revenue - USD Billion, 2018 - 2030)
Data Center Rack, Data Center Size Outlook (Revenue - USD Billion, 2018 - 2030)
Data Center Rack, Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
Data Center Rack, Regional Outlook (Revenue - USD Billion, 2018 - 2030)