The global data center rack market research report by Technavio predicts the market to post a CAGR of close to 5% during the period 2019-2023.
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Technavio has released a new market research report on the global data center rack market for the period 2019-2023. (Graphic: Business Wire)
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As per Technavio, the growth of hyperscale data centers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global data center rack market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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Global data center rack market: Growth of hyperscale data centers
The hyperscale data centers are designed to provide a single massive and scalable computer architecture. The development of the Smart Revolution, which has increased the focus on the development of smart cities, smart grids, and smart homes, has led to a large amount of data being created. Processing this data has become a major priority, which has increased the number of hyperscale data centers.
“The development of cloud computing platform has increased the number of data centers. Rising investments toward construction of new hyperscale data centers, will boost the growth of the data center rack market,” says a senior research analyst at Technavio.
Global data center rack market: Segmentation analysis
This data center rack market analysis report segments the market by type (server rack and network rack) and geography (APAC, Europe, MEA, South America, and North America).
The server rack segment held the largest data center rack market share in 2018, accounting for over 84% of the market. This segment is expected to dominate the global market throughout the forecast period.
North America led the market in 2018 with approximately 32% of the market share, followed by Europe and APAC respectively. North America is expected to dominate the market throughout the period 2019-2023.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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