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Data Center Rack Market to Reach US$7 Billion by 2028

Written by Alison Deane | May 27, 2024 7:00:00 AM

Data Center Rack Market Prediction: The Data Center Rack market is expected to reach US$27.10 billion by 2028 from US$10.13 billion in 2023, with a CAGR of 21.75%. With the advent of high-performance computing, artificial intelligence, and cloud services, the demand for efficient and scalable data center infrastructure has surged. Recent developments, such as LightEdge's expansion into Minneapolis with a state-of-the-art data center and ZutaCore's innovative HyperCool liquid cooling system, highlight the industry's focus on enhancing rack density and thermal management.