Data Center Rack Market to Grow at a CAGR of 9.56% During the Forecast Period 2020-2025
"The Increasing Data Traffic at a Global Level, With the Growing Demand From the End User Majorly From Communication Sector is Set to Escalate the Data Center Rack Market Growth." The market for Data Center Rack is analysed to reach $6.13 billion in 2025, and is estimated to grow at a CAGR of 9.56% during the forecast period 2020 to 2025. The significant rise in the demand for the data centers owing to the rising data traffic, 5G deployment across various regions is analysed to be the major factor boosting the Data Center Rack Market growth rate. By Rack Type By rack type, the market is segmented into open frame and cabinet. Open frame racks are easy to install and flexible to use and hold highest share in 2019. The open frame racks cost about 1/3rd of the cabinet ones and has proper ventilation. In 2017, Cyber power has launched a series of racks ideal for data center and back office solutions owing to the rising demand. The product series include rack enclosure series, op...