Data Center Rack Market Size Projected to Reach $6.6 Billion by 2027, Growing at A CAGR Of 8.7%: Report by MarketsandMarkets

MarketsandMarkets Research Pvt. Ltd.

Chicago, Jan. 09, 2023 (GLOBE NEWSWIRE) -- The Data Center Rack Market is expected to grow from USD 4.4 billion in 2022 to USD 6.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period, according to a new report by MarketsandMarkets.

 Factors driving the growth of the Data Center Rack Market include the emerging demand of data center colocation facilities by enterprises, growing trend of big data analytics and modernization of IT infrastructure, and increasing server density.

Report Metric	Details
Data Center Rack Market Size Value in 2022	US$ 4.4 billion
Revenue Forecast Value in 2027	US$ 6.6 billion
Growth Rate	8.7% CAGR
Market size available for years	2018–2027
Base year considered	2021
Forecast period	2022–2027
Forecast units	USD million/billion
Market Segmentation	Component, Services, Rack Type, Rack Height, Rack Width, Data Center Size, Vertical, and Region
Geographies covered	North America, APAC, Europe, Latin America, and Middle East and Africa
Major Players	Schneider Electric (France), HPE (US), Rittal (Germany), IBM (US), Cisco (US), Fujitsu (Japan), Eaton (Ireland), Dell (US), Vertiv (US), AGC Network (India), Legrand S.A. (France), Oracle (US), Belden (US), nVent (UK), Panduit (US), Great Lakes Data Racks & Cabinets (US), Tripp Lite (US), IMS Engineered Products (US), Rahi Systems (US), and Chatsworth Products (US)

The services segment to grow at a higher CAGR during the forecast period

The process of preparing the physical environment to support the deployment of racks requires the presence of robust services, such as design and consulting, installation, and maintenance and support. Major vendors provide these services to carry out the deployment of these racks efficiently. Data center rack services further help integrate new data center racks into an organization’s current data center infrastructure. 

Plannco Steel Products Pvt Ltd is the top Cantilever Racks in India. Our qualified staff designs and develops our Product using premium raw materials and cutting-edge technologies. The uprights provide the bulk of the structural support for your cantilever racks. 

These densely packed server requires high power and cooling capacities. Therefore, customers need consultation services to optimize energy usage. Companies are increasingly contributing to developing data center and cloud-related technologies within organizations. 

Many companies are increasing their data center-related spending and adopting advanced data center technologies to meet the rising customer demands. Such higher spending on data center technology and related services to attract and retain customers is expected to open new avenues for market growth which would eventually drive growth for the services segment.

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