Data Center Rack Server Market Growing at a CAGR 14.5% | Key Player HPE, Lenovo, Dell, Cisco, Huawei

April 30 16:20 2020
Data Center Rack Server Market Growing at a CAGR 14.5% | Key Player HPE, Lenovo, Dell, Cisco, Huawei

Hewlett Packard Enterprise (US), Lenovo (China), Dell (US), Cisco Systems (US), Huawei (China), Oracle (US), Fujitsu (Japan), NEC (Japan), Rittal (Germany), Vertiv (US), Schneider Electric (France), Asus (China), Inspur Systems (China), Iron Systems (US), Black Box Corporation (US), and Quanta Computer,. (China)
Data Center Rack Server Market by Form Factor (1U, 2U, and 4U), Service, Tier Type (Tier 1, Tier 2, Tier 3, and Tier 4), Data Center Type (Mid-Sized, Enterprise, and Large Data Centers), Industry, and Region – Global Forecast to 2024

The global Data Center Rack Server Market size is projected to grow from USD 52.1 billion in 2019 to USD 102.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period. The major factors that are driving the growth of the data center rack server market include the increasing need for high-density servers due to high computation needs and advancement in emerging technologies, such as edge computing, IoT, and big data analytics.

2U form factor segment to hold the largest market size during the forecast period

The 2U form factor segment is estimated to hold one of the largest chunks of the data center rack server market shares during the forecast period. This is mainly because it facilitates easy adoption in Small and Medium-sized Enterprises (SMEs). The servers require normal coolers and hence are economical. Moreover, 2U rack server solutions enable low-cost deployment for a variety of data center needs. These benefits fuel the demand for data center rack servers in the market.

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Mid-sized data centers segment to record the fastest growth rate during the forecast period

The adoption of data center rack servers among mid-sized data centers is estimated to grow at the highest CAGR during the forecast period. Rack servers used in mid-sized data center provides a facility for storing and computing information at a lower cost, which helps organizations in their personal or private usage. Organizations are rapidly adopting these solutions as they provide increased scalability and easy migration from traditional technologies. Vendors can develop specific solutions targeted toward mid-sized data centers to improve their position in the data center rack server market. Furthermore, rising technological proficiency among the mid-sized data centers further compels mid-sized data centers to adopt data center rack servers.

Major data center rack server vendors include Hewlett Packard Enterprise (US), Lenovo (China), Dell (US), Cisco Systems (US), Huawei (China), Oracle (US), Fujitsu (Japan), NEC (Japan), Rittal (Germany), Vertiv (US), Schneider Electric (France), Asus (China), Inspur Systems. (China), Iron Systems (US), Black Box Corporation (US), and Quanta Computer (China). These market players have adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product enhancements to expand their presence in the data center rack server market. Product enhancements and collaborations have been the most adopted strategies by major players from 2017 to 2019, which helped companies innovate their offerings and broaden their customer base.

Hewlett Packard Enterprise (HPE) is one of the leading players in the data center rack server market. Currently, HPE is working toward enhancing its market share and presence with the help of inorganic and organic growth strategies, such as collaboration and product enhancements. For instance, in November 2019, HPE collaborated with National Renewable Energy Laboratory (NREL) to help automate and improve the operational efficiency of data centers by leveraging Artificial Intelligence (AI) and Machine Learning (ML). This collaboration is an approach to reduce energy consumption and lower the operating costs. Moreover, in November 2019, HPE announced the release of its enhanced product that combined composability offerings by integrating AI and ML.

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Huawei is a growing player in the data center rack server market. The company is focusing on organic growth strategies to improve its position in the data center rack server industry. For instance, in April 2019, Huawei launched FusionServer Pro Intelligent Servers. The transformation to intelligent servers, help improve application speed and efficiency. These servers are provided with fault management and a full liquid-cooling cabinet. Huawei caters to various geographic regions, such as EMEA, APAC, China, and the Americas. It has a superior geographic mix helping these regions to expand their businesses across the globe.

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