The data center rack market is anticipated to achieve about USD 3 million by 2019. This growth can be attributed to availability of low cast rack solutions. Research and developments and improvements in data center rack provide resistance to corrosion, thermal management and compatibility & connectivity.
The pivotal factors propelling the data center rack market are up gradation of data centers and huge investments in the same. However, decreasing demand for server hardware, as result of virtualization and consolidation is likely to hinder the data center rack market. The market can be categorized into services, rack units, consumers, verticals and geographies. The services market can be subdivided into professional services, installation & support services, and consulting services.
The rack units market includes 36U, 45U &48U, 42U and others. Rack units provide uninterrupted power, precision cooling and lockable cabinets. The data center rack market, on the basis of consumers, can be bifurcated into large size organizations and small & medium size organizations. The verticals market can be classified into manufacturing, media & entertainment, retail, healthcare, public sector, IT & telecom and BFSI.
Geographically, the data center rack market can be sliced into Europe, Asia Pacific, North America and rest of the world. North America holds the largest share. This is due to market leaders being present in the United States. It is followed by Europe. Asia Pacific is projected to record a double digit CAGR in the coming years. This can be attributed to rising utilization of data center racks in the emerging nations of China and India.