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CHICAGO, Aug. 10, 2022 /PRNewswire/ — Data Center Rack Market is expected to grow from USD 4.4 billion in 2022 to USD 6.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period, according to a new report by MarketsandMarkets™. Factors driving the growth of the Data Center Rack Market include the emerging demand of data center colocation facilities by enterprises, growing trend of big data analytics and modernization of IT infrastructure, and increasing server density.
Browse in-depth TOC on “Data Center Rack Market”
285 – Tables
55 – Figures
232 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210971325
The services segment to grow at a higher CAGR during the forecast period
The process of preparing the physical environment to support the deployment of racks requires the presence of robust services, such as design and consulting, installation, and maintenance and support. Major vendors provide these services to carry out the deployment of these racks efficiently. Data center rack services further help integrate new data center racks into an organization’s current data center infrastructure. These densely packed servers require high power and cooling capacities. Therefore, customers need consultation services to optimize energy usage. Companies are increasingly contributing to developing data center and cloud- related technologies within organizations. Many companies are increasing their data center-related spending and adopting advanced data center technologies to meet the rising customer demands. Such higher spending on data center technology and related services to attract and retain customers is expected to open new avenues for market growth which would eventually drive growth for the services segment.
The maintenance and support services segment to grow at the highest CAGR during the forecast period
Maintenance and support services help end users understand the changing business conditions, client insights, market trends, and service inconveniences to help smoothen the support process within organizations. The data center facilities require regular inspection, maintenance, and replacement of racks and cabinets. These services also include on-site support to ensure the proper…
Full story available on Benzinga.com
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