North America 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 North America Data Center Rack Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
Data centers are now a vital part of the IT infrastructure for many businesses. Companies rely on data centers to effectively handle data and storage since they generate enormous amounts of data every day. Therefore, the primary factor impacting the use of data center racks is the expanding deployment of data centers worldwide. The market's growth is also being affected by the rising demand for technology services and investments from big businesses.
These data center racks are mostly used for data centers' infrastructure management. These racks house servers, cables, switches, and other hardware in the data center. Rack infrastructure has grown in importance in data centers due to evolving technology and the use of high-density servers. To guarantee that data centers operate at their peak efficiency, it is necessary to host servers efficiently, manage cables, and allow for airflow.
The region is projected to see increased investment in mega facility developments, with colocation, internet, and cloud service providers playing a significant role. This will increase demand for racks and rack alternatives. Additionally, the US government launched the Data Center Optimization Initiative (DCOI) to consolidate numerous data centers across the nation in order to provide better services to the general public while enhancing the taxpayers' return on investment. The act of creating hyper-scale data centers and turning off the underperforming ones is part of the consolidation process. The government has so far shuttered more than 3,215 square feet of campus in Northern Virginia. All these elements are predicted to support the regional market growth during the projection period.
The US market dominated the North America Data Center Rack Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,730.2 million by 2028. The Canada market is poised to grow at a CAGR of 10.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Data Center Rack Market is Estimated 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
- Rest of North America
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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