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The Data Center Rack Server Market size
is estimated to reach $52.8 billion by 2027, growing at a CAGR of 12.5% during
the forecast period 2022-2027. The growth of the Data Center Rack
Server industry is majorly driven by factors such as the emergence of cloud data
centers, IoT, high-density computing and efficient data storage capacity. In
November 2019, HPE collaborated with National Renewable Energy Laboratory to
automate and improve operational efficiency by introducing data center server
racks enabled with AI and ML. However, high initial investments and maintenance
costs of rack-mounted servers are affecting the Data Center Rack Server industry
outlook during the forecast period.
Moreover, global data traffic is
continuously growing, especially in the BFSI sector. As these industries are facing
issues with data storage and processing, the demand for flexible and scalable rack-mounted servers is rising. In FY 2021, the
digital banking market was valued at US$7.9 trillion, influencing the adoption
of server racks as they provide confidential data storage capacity and security
benefits. This influenced the growth of the Data Center Rack Server market size.
The APAC
region generated approximately 23% of
the global revenues in the Data Center Rack Server Industry in 2021. Growing data center investments in
the region, the rapidly increasing IT and Telecommunication industry and the emergence
of cloud data centers would boost the data center rack server market in the APAC
region. In April 2020, Alibaba Group announced a US$28 billion investment in
cloud infrastructure such as cloud data centers over the next three years,
bolstering the Data Center Rack Server Industry Outlook in the APAC region.
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Data Center Rack Server Market Growth Drivers:
Rapidly increasing Edge Computing Market coupled with technological innovations:
The edge computing market has been rapidly
increasing in the last few years due to the adoption of IoT across a variety of
industry verticals. Edge computing reduces the latency of such applications
through localized processing and enables real-time computation for faster
decision making which in turn boosts the Data Center Rack Server Industry.
Additionally, edge computing improves application performance and enterprise
business efficiency by lowering operating costs. These operations necessitate
the server racks to improve operational efficiency. In April 2022, Nokia announced the integration of Microsoft Azure Arc into Nokia MX Industrial Edge Platform which offers customers seamless access to the full Azure Ecosystem. These factors are poised to
influence the Data Center Rack Server Industry outlook positively during the
forecast period.
The Major Players in this Market
Major players in the Data Center Rack Server Market include Dell, HP, Intel, Huawei, Fujitsu, Cisco and ASUS. In March 2022, JD Cloud and Inspur Group launched the ORS3000S liquid-cooled rack server which is expected to reduce data center power consumption by 45% in comparison to conventional air-cooled rack-mounted servers.