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.

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