Trending News | Data Center Rack Server Market will register a CAGR of over 14.5% by 2024

The “Data Center Rack Server Market” report presents an in-depth assessment of the Data Center Rack Server including enabling technologies, key trends, market drivers, challenges, deployment case studies, standardization, opportunities, future roadmap, value chain, Top key player profiles and strategies. The report also presents market size forecasts from 2019 till 2024.

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The Global Data Center Rack Server Market size is expected to grow from USD 52.1 Billion in 2019 to US$ 102.5 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period.This report spread across 134 Pages, Profiling 22 Companies and Supported with 85 Tables and 34 figures is now available in this research.

 

Top Companies profiled in the Data Center Rack Server Market:

  • 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)
  • Quanta Computer (China)

 

“BFSI vertical segment to account for the highest market share during the forecast period”

Banking and finance institutions are evolving with the implementation of emerging digital technologies in an attempt to find innovative ways to better serve their customers. They are redesigning their processes to help create an improved and personalized user experience by placing storage and processing near the perimeter with edge computing.

 

“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 centers provide 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 provide for easy migration from traditional technologies.

 

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