According to a research report "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" published by MarketsandMarkets, the global data center rack server market size is expected to grow from USD 52.1 billion in 2019 to USD 102.5 billion by 2024, at a CAGR of 14.5% during the forecast period. Major growth factors for the market include an 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.