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Data Center Rack Server Market Worth 90.56 Billion USD by 2021
|By PR Newswire
|December 1, 2016 11:30 AM EST
PUNE, India, December 1, 2016 /PRNewswire/ --
According to a new market research report "Data Center Rack Server Market by Solution (Form Factor: 1U, 2U, 4U), Service, Tier Type (Tier 1, Tier 2, Tier 3, and Tier 4), Data Center Type (Mid-Sized, Enterprise, and Large), Industry, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is estimated to grow from USD 36.47 Billion in 2016 to USD 90.56 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.95%.
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Browse 70 market data Tables and 47 Figures spread through 150 Pages and in-depth TOC on "Data Center Rack Server Market"
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The major forces driving the Data Center Rack Server Market are increasing need for higher density servers, reduced capital & operational expenditure, growing need for scalable data centers, and easy migration from traditional technologies. The Data Center Rack Server Market is growing rapidly owing to the increasing number of users opting for low cost and scalable data center solutions.
4U form factor rack server solutions to grow at the highest CAGR
4U form factor is expected to witness the highest CAGR during the period 2016 to 2021. 4U rack server solutions offer improved performance in higher density facilities. Moreover, they provide easily scalable servers housing multiple processors. These benefits are driving the market and are anticipated to help in propelling the Data Center Rack Server Market to grow at the highest CAGR during the forecast period.
Support and maintenance services market to grow at the highest rate during the forecast period
The support and maintenance services segment is expected to grow at the highest CAGR during the forecast period owing to the rapid adoption of data center solutions in large enterprises, which require third party assistance for maintenance and management of rack server solutions in the data center infrastructure.
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North America is expected to dominate the Data Center Rack Server Market during the forecast period
The Data Center Rack Server Market segments the global market on the basis of regions, which include North America, Asia-Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest share of the Data Center Rack Server Market in 2016 due to the technological advancements and presence of large number of data center across a large number of verticals in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing requirement for low cost and efficient solutions in various industries.
The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include HPE (U.S.), Oracle Corporation (U.S.), Lenovo Group Ltd. (U.S.), Dell, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Fujitsu Ltd. (Japan), Huawei Technologies Co. (China), NEC Corporation (China), Quanta Computer, Inc. (Taiwan), and Iron Systems, Inc. (U.S.).
Browse Related Report
Data Center Blade Server Market by Data Center Type (Tier 1, Tier 2, Tier 3, Tier 4), by Services (Consulting, Installation and Support, Professional), by End User (Small, Medium, Large), by region, & by Industry Vertical - Global Forecast to 2019
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