Data Center Rack Server Market Growing at High CAGR

Data center rack server market is estimated to grow from USD 36.47 Billion to USD 90.56 Billion at a Compound Annual Growth Rate (CAGR) of 19.95%.

(EMAILWIRE.COM, March 28, 2019 ) Data center rack server solutions are gaining a significant importance among organizations as they are scalable and provide for easy migration from traditional technologies. Rack servers can be installed with low initial cost and can also be operated at a lower cost as compared to other technologies. The enterprises are moving beyond the traditional concepts of tower server for data centers to address rapid technology changes and today’s business needs that is helping in the increasing adoption of rack server approach.

The major forces driving the data center rack server market is increasing need for higher density servers, reduced capital & operational expenditure, growing need for scalable data centers, and easy migration from traditional technologies. The data center rack server market is growing rapidly owing to the increasing number of users opting for low cost and scalable data center solutions.

The report provides detailed insights into the global data center rack server market, which is segmented according to rack server solutions by form factor, service, tier type, data center type, industry, and region.

As per market study data center rack server market is estimated to grow USD 90.56 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.95%.

The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product developments, and Research & Development (R&D) activities in the data center rack server market. Some of the major technology vendors include HPE (U.S.), Oracle Corporation (U.S.), Lenovo Group Ltd. (U.S.), Dell, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Fujitsu Ltd. (Japan), Huawei Technologies Co. (China), NEC Corporation (China), Quanta Computer, Inc. (Taiwan), and Iron Systems, Inc. (U.S.).

North America is expected to hold the largest share of the data center rack server market in 2016 due to the technological advancements and presence of large number of data center across a large number of verticals in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing requirement for low cost and efficient solutions in various industries.

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