According to the recent study the data center rack market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 8% to 10% from 2023 to 2028. Growth in this market is primarily driven by increasing data center colocation facilities worldwide, rising trend of big data analytics and modernization of IT infrastructure, growing requirements of data center are growing, and rising server density.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in data center rack market by component (solutions and services), rack type (open frame and cabinets), rack height (42U and below, 43U up to 52U, and above 52U), rack width (19 inch, 23 inch, and others), data center size (small and mid-sized data centers and large data centers), end use industry (BFSI, IT and telecom, government and defense, retail, manufacturing, healthcare, energy utilities, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Small and medium sized data centers market is expected to remain the largest segment during the forecast period.”

Based on data center size, the data center rack market is segmented into small and mid-sized data centers and large data centers. Lucintel forecasts that the small and medium sized data centers market is expected to remain the largest segment due to optimum use of their existing data center space.

“Within the data center rack market, the BFSI segment is expected to remain the largest end use industry”

Based on end use industry the BFSI segment is expected to witness the highest growth over the forecast period due to its rapid expansion in new areas and deals with huge amount of traffic that needs a dependable infrastructure to process transaction.

“North America will dominate the data center rack market in near future”

North America is expected to remain the largest region over the forecast period due to existence of large number of data center facilities and availability of advanced infrastructure.

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Major players of data center rack market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Schneider Electric, HPE, Rittal, IBM, Cisco, Fujitsu, Eaton, Dell, Vertiv, and AGC Network are among the major data center rack providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/data-center-rack-market.aspx  or helpdesk@lucintel.com