Global Data Center Rack Market to Grow at 13.8% CAGR by 2022, Expects Beige Market Intelligence in Its Report Available at MarketPublishers.com05 Jun 2017 • by Natalie Aster
LONDON – Globally, the data center rack market is predicted to see significant growth at a substantial CAGR of almost 14% up to 2022 owing to a number of growth driving forces like ongoing advancements in technology, including the adoption of racks equipped with mechanical parts, rising construction of novel data centers and improvements of the ongoing projects, reduction of the average lifespan of data center rack, resulting in surging demand for data center racks.
At present, the shipment of taller rack is the top trend in the data center rack market. For instance, the shipment of 48U rack registered 16% y-o-y growth in the past year. Meantime, the shipment of 42U racks is poised to reign the market up to 2022. In terms of shipments, the global center rack market is planned to grow at a CAGR of more than 19% during 2017-2022.
Closely followed by Europe, North America had the largest market share in the total global marketplace in 2016. The scenario is likely to change in the year ahead, as the APAC region is anticipated to enjoy the fastest-growing demand for data center rack through 2022. The APAC data center rack market is forecast to almost triple by 2022.
The topical research report “Global Data Center Rack Market - Strategic Assessment and Forecast 2017-2022” worked out by Beige Market Intelligence examines the situation in the marketplace and provides answers to the manifold important questions. The research report highlights the market situation in various regions and contains a detailed market segmentation analysis (by geography, country, size). A deep review of the data center rack market landscape and a comprehensive future outlook for the market during 2017-2022 is provided here. It also highlights the market dynamics, analysing the major market growth drivers, challenges, restraints, future trends and opportunities. About 25 profiles of the leading vendors in the market are available in the publication. Moreover, the competitive landscape review is at hand. Future forecasts for the global data center rack market till 2022 are available in this unrivalled study.
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