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Data Center Rack Server Market to gross $90.56bn by 2021

A new report has projected geometric rise in market share by global data center rack server market, saying the sector will grow from USD 36.47 billion in 2016 to USD 90.56 billion by 2021, standing at a Compound Annual Growth Rate (CAGR) of 19.95%.

Key drivers of the boom include 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.

Some of the Prominent Key Players in the Data Prep Market are: HPE, Oracle Corporation, Lenovo Group Ltd., Dell, Inc., Cisco Systems, Inc., Fujitsu Ltd., Huawei Technologies Co., NEC Corporation, Quanta Computer, Inc., and Iron Systems, Inc.

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.

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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