LAMEA Data Center Rack Market Size, Share & Industry Trends Analysis Report By Component (Solution, and Services), By Rack Height, By Rack Type (Cabinets/ Enclosed, and Open Frame), By Data Center Size, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Data Center Rack Market would witness market growth of 11.1% CAGR during the forecast period (2022-2028).
Businesses must develop solutions to meet consumer expectations for 24x7 availability as individuals have more stringent requirements for internet services. In addition, as more computing power and capabilities are packed into ever-smaller cases, the number of servers keeps growing. In response to this demand, small form factor (SFF), blade servers, hyperscale servers, and composable infrastructure—used to produce more flexible frames—are all being developed.
Whether private or public, data centers are essential to businesses hosting mission-critical software. These data centers assist businesses in streamlining information while providing simple access to users and clients from anywhere in the world. Data centers have expanded due to rising interest in and investment in cloud computing.
The BFSI sector now needs more data centers than ever because of the expanding reach of online payments. Customers' information is safely stored by banks and other financial organizations in branch offices, on trading floors, and in data centers that are on-site or in the cloud. Digital banking solutions are anticipated to adopt additional technologies, including cloud computing, microservices, containerization, APIs, and blockchain, as a result of the disruption caused by the coronavirus around the world. Consequently, it is anticipated that there will be several growth prospects for data centers in the financial and banking sector. As a result, these factors are fueling LAMEA's need for data center racks.
The Brazil market dominated the LAMEA Data Center Rack Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $125.6 million by 2028. The Argentina market is experiencing a CAGR of 11.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10.8% during (2022 - 2028).
Based on Component, the market is segmented into Solution, and Services. Based on Rack Height, the market is segmented into 42U & Below, 43U to 52U, and Above 52U. Based on Rack Type, the market is segmented into Cabinets/ Enclosed, and Open Frame. Based on Data Center Size, the market is segmented into Large Data Centers, and Small & Medium Sized Data Centers. Based on Vertical, the market is segmented into BFSI, Manufacturing, Retail, Healthcare, Media & Entertainment, IT & Telecom, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Data Center Rack Market is Predict to reach $6.8 Billion by 2028, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, IBM Corporation, Oracle Corporation, Hewlett Packard Enterprise Company (HP Development Company L.P.), Fujitsu Limited, Dell Technologies, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Eaton Corporation PLC, Legrand S.A. (Legrand Group), and Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG).
Scope of the Study
Market Segments Covered in the Report:
By Rack Height
- 42U & Below
- 43U to 52U
- Above 52U
By Rack Type
- Cabinets/ Enclosed
- Open Frame
By Data Center Size
- Large Data Centers
- Small & Medium Sized Data Centers
- Media & Entertainment
- IT & Telecom
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Schneider Electric SE
- IBM Corporation
- Oracle Corporation
- Hewlett Packard Enterprise Company (HP Development Company L.P.)
- Fujitsu Limited
- Dell Technologies, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Eaton Corporation PLC
- Legrand S.A. (Legrand Group)
- Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG)
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