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(I-SoftwareNews.Com, December 01, 2016 ) The data center rack server market size 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%.
Increasing need for higher density servers reduced capital & operational expenditure, growing need for scalable data centers, and easy migration from traditional and effective than advanced technologies are the major growth drivers of the market. In this study, 2015 has been considered as the base year and 2016-2021 as the forecast period.
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.
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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.
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 LatinAmerica.
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.).
For more information http://www.marketsandmarkets.com/Market-Reports/data-center-rack-server-market-53332315.html
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