South Korea Data Center Rack Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2031)

The South Korea Data Center Rack Market is Segmented by Rack Type (Open Frame, Closed Frame), by Rack Size (Quarter Rack, Half Rack, Full Rack), by End User (IT & Telecommunication, BFSI, Government, and Media & Entertainment). The Market Sizes and Forecasts are Provided in Terms of Volume (units) for all the Above Segments.

South Korea Data Center Rack Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2031)

South Korea Data Center Rack Market Size

South Korea Data Center Rack Market Summary
Study Period 2019 - 2031
Base Year For Estimation 2024
Forecast Data Period 2025 - 2031
Historical Data Period 2019 - 2023
CAGR 8.40 %
Market Concentration High

Major Players

South Korea Data Center Rack Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South Korea Data Center Rack Market with other markets in Technology, Media and Telecom Industry

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South Korea Data Center Rack Market Analysis

The South Korea Data Center Rack Market is expected to register a CAGR of 8.4% during the forecast period.

The South Korean data center rack market reached a volume of 175,774 in the previous year, and it is further projected to register a CAGR of 8.4% during the forecast period. The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country, leading to a growing need for data center racks.

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the South Korean data center market is expected to touch around 2,000 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 5 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 270K units by 2029. Greater Seoul is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to 10 submarine cable systems connecting South Korea, and many are under construction. One such submarine cable that is estimated to start service in 2023 is Southeast Asia-Japan Cable 2 (SJC2), which stretches over 10,500 Kilometers with landing points from Geoje, South Korea.

South Korea Data Center Rack Industry Overview

The upcoming DC construction projects in the country will likely increase the demand for Data Center Racks in the coming years. A few major players, such as Olabs Technology Company Limited., Raritan Inc., Delta Power Solutions, and Eaton Corporation, currently dominate the market. These major players with a prominent market share focus on expanding their customer base across the region.

In June 2023, Empyrion DC has planned to open a new data center facility in the Gangnam area of Seoul, South Korea, with an IT space of 30,715 sqm (330,615 sq ft), nine-story facility is set to come online in H1 2025.

In April 2023, APAC data center firm Digital Edge announced a new data center in Incheon, South Korea, developed in partnership with SK ecoplant. SEL2 will be a two-building, 120MW campus, with the first phase due to come into service in 2024.

South Korea Data Center Rack Market Leaders

  1. Olabs Technology Company Limited.

  2. DOBE Computing Co., Ltd.

  3. Raritan Inc.

  4. Delta Power Solutions

  5. *Disclaimer: Major Players sorted in no particular order
South Korea Data Center Rack Market Concentration
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South Korea Data Center Rack Market News

  • November 2023 - South Korean technology firm Naver has opened the first phase of its Sejong campus.The site spans 290,000 sqm (3.1 million sq ft) and is planned to reach 270MW of capacity at densities of 20kW. The site is reportedly able to host 600,000 servers, running Naver's cloud services.
  • February 2024 - South Korea is planning to create a major data center cluster, with an IT capacity of up to 1GW, in the Gangwon Province. he site, near Gangneung and Donghae in the east of the country, could be home to up to 50 data centers, each with a capacity of 20MW.

South Korea Data Center Rack Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumption & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. MARKET INSIGHTS

5. Market Overview

6. Industry Attractiveness - Porter's Five Forces Analysis

  • 6.1 Bargaining Power of Suppliers
  • 6.2 Bargaining Power of Buyers
  • 6.3 Threat of New Entrants
  • 6.4 Threat of Substitutes
  • 6.5 Degree of Competition

7. Key Industry Statistics

  • 7.1 Planned/Under Construction IT Load Capacity
  • 7.2 Planned/Under Construction Raised Floor Space
  • 7.3 Planned/Under Construction Racks
  • 7.4 Planned/Under Construction Submarine Cable

8. MARKET DYNAMICS

9. Market Drivers

  • 9.1 Increasing Number of Smartpone Users
  • 9.2 Fiber Connectivity Network Expansion in South Korea

10. Market Restraints

  • 10.1 Increasing number of Data Security Breaches
  • 10.2 Low Availability of Skilled Workforce

11. MARKET SEGMENTATION

  • 11.1 By Rack Type
    • 11.1.1 Open Frame
    • 11.1.2 Closed Frame
  • 11.2 By Rack Size
    • 11.2.1 Quarter Rack
    • 11.2.2 Half Rack
    • 11.2.3 Full Rack
  • 11.3 By End User
    • 11.3.1 IT & Telecommunication
    • 11.3.2 BFSI
    • 11.3.3 Government
    • 11.3.4 Media & Entertainment
    • 11.3.5 Other End Users

12. COMPETITIVE LANDSCAPE

13. Company Profiles

  • 13.1 Olabs Technology Company Limited.
  • 13.2 DOBE Computing Co., Ltd.
  • 13.3 Raritan Inc.
  • 13.4 Delta Power Solutions
  • 13.5 Eaton Corporation
  • 13.6 Black Box Corporation
  • 13.7 Schneider Electric SE
  • 13.8 Rittal GMBH & Co.KG
  • 13.9 Dell Inc.
  • 13.10 Hewlett Packard Enterprise
*List Not Exhaustive

14. INVESTMENT ANALYSIS

15. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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South Korea Data Center Rack Industry Segmentation

A data center rack is a physical enclosure made up of usually steel housing electronic framework. It is designed to house servers, networking and communication devices, cables, and other data center computing peripherals.

The South Korean data center rack market is segmented by rack type (open frame, closed frame), rack size (quarter rack, half rack, full rack), and end user (IT & telecommunication, BFSI, government, and media & entertainment). The market sizes and forecasts are provided in terms of volume (units) for all the above segments.

By Rack Type Open Frame
Closed Frame
By Rack Size Quarter Rack
Half Rack
Full Rack
By End User IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End Users
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South Korea Data Center Rack Market Research Faqs

What is the current South Korea Data Center Rack Market size?

The South Korea Data Center Rack Market is projected to register a CAGR of 8.40% during the forecast period (2025-2031)

Who are the key players in South Korea Data Center Rack Market?

Olabs Technology Company Limited., DOBE Computing Co., Ltd., Raritan Inc. and Delta Power Solutions are the major companies operating in the South Korea Data Center Rack Market.

What years does this South Korea Data Center Rack Market cover?

The report covers the South Korea Data Center Rack Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Data Center Rack Market size for years: 2025, 2026, 2027, 2028, 2029, 2030 and 2031.

South Korea Data Center Rack Industry Report

Statistics for the 2025 South Korea Data Center Rack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Data Center Rack analysis includes a market forecast outlook for 2025 to 2031 and historical overview. Get a sample of this industry analysis as a free report PDF download.