Northbrook, IL 60062 -- (SBWIRE) -- 05/17/2023 -- The global Data Center Rack Server Market size is expected to grow from USD 52.1 billion in 2019 to USD 102.5 billion by 2024, at a CAGR of 14.5% during the forecast period, according to research report by MarketsandMarkets™

Major growth factors for the market include an increasing need for high-density servers due to high computation needs and advancement in emerging technologies, such as edge computing, IoT, and big data analytics.

Browse in-depth TOC on "Data Center Rack Server Market"

85 - Tables
34 - Figures
134 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=53332315

2U form factor segment to hold the largest market size during the forecast period

The 2U form factor segment is estimated to hold one of the largest chunks of the data center rack server market shares during the forecast period. This is mainly because it facilitates easy adoption in Small and Medium-sized Enterprises (SMEs). The servers require normal coolers and hence are economical. Moreover, 2U rack server solutions enable low-cost deployment for a variety of data center needs. These benefits fuel the demand for data center rack servers in the market.

Mid-sized data centers segment to record the fastest growth rate during the forecast period

The adoption of data center rack servers among mid-sized data centers is estimated to grow at the highest CAGR during the forecast period. Rack servers used in mid-sized data center provides a facility for storing and computing information at a lower cost, which helps organizations in their personal or private usage. Organizations are rapidly adopting these solutions as they provide increased scalability and easy migration from traditional technologies. Vendors can develop specific solutions targeted toward mid-sized data centers to improve their position in the data center rack server market. Furthermore, rising technological proficiency among the mid-sized data centers further compels mid-sized data centers to adopt data center rack servers.

North America to hold the largest market size during the forecast period

Countries that contribute the most to the data center rack server market in North America include the US and Canada; the reason for the dominance of these countries is their well-established economies, which enable investments in new technologies. North America being the most developed region, is home to large industries that are capable of investing in reliable and advanced IT infrastructure for growing data traffic, thereby opening new opportunities for the adoption of data center rack servers.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=53332315

Market Players

Key market players profiled in this report are Hewlett Packard Enterprise (US), Lenovo (China), Dell (US), Cisco Systems (US), Huawei (China), Oracle (US), Fujitsu (Japan), NEC (Japan), Rittal (Germany), Vertiv (US), Schneider Electric (France), Asus (China), Inspur Systems (China), Iron Systems (US), Black Box Corporation (US), and Quanta Computer,. (China).

Browse Other Reports:

Quantum Cryptography Market - Global Forecast to 2028

Healthcare Cybersecurity Market - Global Forecast to 2028

Metaverse Market - Global Forecast to 2027

Green Technology and Sustainability Market - Global Forecast to 2027

Smart Cities Market - Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit  MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/data-center-rack-server-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/data-center-rack-server.asp