Data Center Rack Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global data center rack market was valued at USD 1.58 billion in 2020, and it is expected to reach USD 2.11 billion by 2026 at a CAGR of 5.56% during 2021 - 2026. Whether private or public, the data centers are critical to the enterprises that are hosting mission-critical applications. These data centers primarily help organizations streamline information while enabling easy access to users and customers from anywhere across the world. Data centers have witnessed growth majorly owing 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 effectively host servers, manage cables, and facilitate airflow to ensure 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. Some of the recent developments in the market are:
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