Data Center Rack Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The global data center rack market is expected to grow by registering a CAGR of 5.6% during the forecast period. Whether private or public, data centers are critical to enterprises hosting mission-critical applications. These data centers help organizations streamline information while enabling easy access to users and customers from anywhere worldwide. Data centers have witnessed growth due to the increasing dependence and spending on cloud technologies.
Key HighlightsThe data center rack market is fragmented. With changing technologies and the adoption of high-density servers, rack infrastructure has become an important aspect of data centers, with the need to host servers effectively, manage cables, and facilitate airflow to ensure the optimum performance of data centers. Overall, the competitive rivalry among the existing competitors is high. The new innovative strategies of large companies are driving the data center racks market.
In January 2022, a major Swedish research institute and innovation partner, RISE Research Institutes, and Vertiv, a global provider of digital infrastructure and continuity solutions formed a new partnership. Vertiv is joining founding partners, including Facebook, Ericsson, Vattenfall, ABB, LTU, and the Norrbotten region, by entering the partnership program for data center systems technologies at the platinum level.
In February 2022, the first 16 AWS Local Zones in United States have been completed, and 32 new AWS Local Zones will be launched in 26 other countries, according to Amazon Web Services Inc. (AWS), an affiliate of Amazon.com Inc. and this is to enable customers to deploy applications that require single-digit millisecond latency closer to end users or on-premises data centers, AWS Local Zones are a type of infrastructure deployment that extends AWS Regions to place compute, storage, database, and other AWS services at the edge of the cloud near large population, industry, and information technology (IT) centers.
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